Benefits of Electric Cars
Electric cars offer a range of financial, performance and environmental benefits. The advantages of electric cars can be enjoyed by drivers as well as businesses who provide charging for their employees and customers.
Save up to £1,000 a year in fuel savings by driving electric, as it costs as little as 2p per mile. When you choose an electric car, you can get up to £4,500 off the cost of the car with the Plug-in Car Grant. You can also get up to £500 off the cost of a home charging point and installation with the OLEV Grant. Other benefits include:
- Exemption from VED (Vehicle Tax)
- Up to 50% less in maintenance costs
- Exemption from £11.50 London congestion charge
As well as being cheaper to run, electric cars are environmentally friendly with zero tailpipe emissions. Electric cars also benefit from instant torque for superior performance and acceleration, all with no engine noise for less stressful driving.
Employees can take advantage of the low running costs of plug-in cars, but other benefits include:
- Reduced 5% benefit in kind (BIK) tax.
- Reduce CO2 emissions with a green fleet.
- Increased capital allowance up to 100% of vehicle cost.
Find out more about electric car charging stations for your business.
As more drivers realise the benefits of electric cars, your business can attract and retain new customers by providing electric vehicle charging points. Installing charging points can increase customer dwell time, Improve your sustainability rating and create a new revenue stream.
Find out more about electric car charging stations for your customers.