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Electric Vehicles for Fleets

Benefits of Fleet Electric Vehicles (EVs)

At SEAT, we’ve taken the time to put together all the practical information you need to ensure you’re informed about the benefits of adding Electric Vehicles to your fleet.

Fleet vehicles and the quiet revolution

Most people who get behind the wheels of new generation EVs and PHEVs are sold on the idea within a matter of miles. When combined with the potential financial savings for fleet operators, it’s easy to see why.

As a fleet manager, you need to decide if alternative fuel vehicles fit into your company’s fleet policy, management processes and budgets; establish if there are cost savings and other benefits in the day to day running of your fleet; and going forward, be convinced it makes sound business sense.

The cost equation

Initially plug-in electric vehicles may appear to be a more expensive option. But factor in generous BIK tax advantages for your company car drivers, reduced Class 1A National Insurance Contributions and reduced TCO - plus a host of other potential savings and you could find that financially, EVs are a more attractive proposition than you might have thought.

  • EV charging: receive up to £350 toward the cost of business premise charging stations*
  • No Vehicle Excise Duty for zero-emissions cars

Running an electric fleet

Generous BIK tax advantages for company car drivers mean potential business savings from reduced national insurance contributions. Other savings could also be realised from charging costs as well as potential exemption from congestion zone charges.

  • EVs mean significant Class 1A NIC savings due to their appealing BIK rates for drivers
  • Reduced business fuel costs: from as little as 3p per mile, running an electric vehicle can be considerably cheaper than a petrol or diesel**
  • Eligible EVs are currently exempt from the London Congestion Charge – saving up to £3,900 per year^ if drivers enter the congestion zone every working day***

Looking ahead

As well as the potential financial savings, there are also other benefits of switching to electric to consider.

With fewer moving parts, servicing, maintenance and repairs may be cheaper, less frequent and easier to manage meaning less downtime for your drivers.

Many large cities outside of London are planning their own congestion or exclusion zones where EVs could benefit from further exemptions and discounts.

Learn more about the cost savings of EV adoption

* The grant is limited to 75% of purchase and installation costs, up to a maximum of £350 for each socket, up to a maximum of 40 across all sites. Eligibility criteria, and terms and conditions apply. For more information please visit https://www.apply-workplace-chargepoint-grant.service.gov.uk.

 

** Based on the average home electricity rate of about 14.4p per kWh, but you should look at your specific energy tariff. For example, Mii electric has a 36.8kWh battery, so at 14.4p per kWh it could cost around £5.30 to “fill up”. With a range of between 160 and 222 miles, the cost per mile is between 2 and 3 pence. The cost of home charging will vary depending on your electricity rate.

 

*** Based on the Cleaner Vehicle Discount (CVD) announced in April 2019, qualifying vehicles have been exempt from London Congestion Charge Zone charge. To qualify for CVD, vehicles must be Euro 6 compliant, emit no more than 75g/km CO2 and have a minimum 20 mile zero emission capable range. The saving calculation is based on the current, temporarily increased, congestion charge of £15 per day and 261 working days per year. This totals a saving of £3,915 - however there is a £10 a year annual registration fee which brings the saving down to £3,905. For further information, please click here.

 

^ Correct as of July 2020.

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