CARS

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ELECTRIC VEHICLES (EV) & PLUG-IN HYBRIC ELECTRIC VEHICLES (PHEV)

With a shift in focus towards reduced pollution and fewer carbon emissions, manufacturers and companies alike are turning to alternative types of vehicles to help protect the environment and produce alternative modes of transport.

If you are considering moving to a green fleet, whether you lease your vehicles or purchase outright, then you will find the information and advice on this page useful.

HOW DOES LEASING AN EV OR PHEV WORK?

Hybrid and EV car leasing gives you a more affordable, cost-effective solution compared to purchasing the vehicle outright. These business benefits include:

  • No financial risk of vehicle price depreciation
  • Upgrade vehicles to a higher grade at the end of the lease
  • Affordable monthly payments for effective budget forecasting
  • 50% VAT can be claimed back if the vehicle is used for business and personal use, 100% can be claimed if the vehicle is only used for business driving

At the same time, when the lease period ends, we are very fair on our damage policy and can then get you into the very latest model, with the likelihood of having a better range per charge, fuel efficiency and technology.

GOVERNMENT BUSINESS GRANTS INCENTIVES

As is the same with domestic-use EVs and PHEVs, there are grants and incentives available for businesses that wish to purchase these types of vehicles outright.
As we’ve previously mentioned, if your business is leasing the vehicle from a company such as ours, then you are able to claim a percentage of the VAT back.

If you are VAT Registered you can re-claim:

  • 50% of VAT on the finance element, if the vehicle is used by an employee for business and personal use
  • 100% of VAT if an employee(s) uses the vehicle solely for business use. The vehicle will be kept at the business, and would be classed as a “pool car”.

Recently the Grants changed and cars must cost less than £32,000 to be eligible for the grant.

The grant will pay for 35% of the purchase price for these vehicles, up to a maximum of £1,500.

CARS – Previously (Category 1) grant rate has moved to a maximum of £1,500 – These vehicles have zero tailpipe emissions and can travel at least 112km (70 miles) without any CO2 emissions at all:

  • Citroen e-Berlingo (M) – Feel
  • Citroen e-Berlingo (M) – Flair XTR
  • Citroen e-Berlingo (XL) – Feel
  • Citroen e-C4 – Sense
  • Citroen e-C4 – Shine Edition
  • Citroen e-Spacetourer (50kWh) – Business Edition (M)
  • Citroen e-Spacetourer (50kWh) – Business Edition (XL)
  • Fiat 500e – Action
  • Fiat 500e – Icon
  • Fiat 500e – La Prima
  • Fiat 500e – Passion
  • Fiat 500e (RED) 24kW
  • Fiat 500e (RED) 42kW
  • Fiat 500e Convertible – Icon
  • Fiat 500e Convertible – Passion
  • Fiat 500e Convertible (RED) 42kW
  • Hyundai IONIQ Electric – Premium
  • Hyundai KONA Electric (39kWh) – SE Connect
  • Hyundai KONA Electric (39kWh) – Premium
  • Mazda MX-30 – SE-L Lux
  • Mazda MX-30 – First Edition
  • Mazda MX-30 – Sport Lux
  • MG MG5 EV (52.5kWh)
  • MG MG5 EV (61.1kWh)
  • MG ZS EV – Excite
  • MG ZS EV – Exclusive
  • MG ZS EV – SE
  • MG ZS EV – Trophy
  • MG ZS EV – Trophy Connect
  • MG ZS EV – SE Long Range
  • MINI Electric – Level 1
  • MINI Electric – Level 2
  • Nissan e-NV200 (5 Seater) – Visia
  • Nissan e-NV200 (7 Seater) – Visia
  • Nissan Leaf – (40kWh) – Acenta
  • Nissan Leaf (40kWh) – N-Connecta
  • Nissan Leaf (40kWh) – Tekna
  • Peugeot e-208 – Active Premium
  • Peugeot e-208 – Allure
  • Peugeot e-208 – Allure Premium
  • Renault ZOE – GT Edition R135 EV 50 Rapid Charge
  • Renault ZOE – GT Line R135 EV 50 Rapid Charge
  • Renault ZOE – GT Line+ R135 EV 50 Rapid Charge
  • Renault ZOE – Iconic R110 EV 50
  • Renault ZOE – Iconic R110 EV 50 Rapid Charge
  • Renault ZOE – Iconic R135 EV 50 Rapid Charge
  • Renault ZOE – i Venture R110 Z.E 50 Rapid Charge
  • Renault ZOE – Play R110 EV 50
  • Renault ZOE – Riviera Limited Edition R135 ZE Rapid Charge
  • Renault ZOE – S Edition R110 EV 50 Rapid Charge
  • Renault ZOE – S Edition R135 EV 50 Rapid Charge
  • Smart EQ fortwo
  • Smart EQ forfour
  • SsangYong Korando eMotion – Ventura
  • Vauxhall Combo-e Life SE (5 Seat)
  • Vauxhall Combo-e Life SE (7 Seat)
  • Vauxhall Combo-e Life SE XL (7 Seat)
  • Vauxhall Corsa-e – Elite Premium
  • Vauxhall Corsa-e – SE Nav Premium
  • Vauxhall Corsa-e – SRi Nav Premium
  • Vauxhall Mokka-e – Elite Premium
  • Vauxhall Mokka-e – SE Premium
  • Vauxhall Mokka-e – SRi Premium
  • Vauxhall Mokka-e – Ultimate
  • Vauxhall Vivaro-e Life Edition/Combi L
  • Vauxhall Vivaro-e Life Combi M
  • Volkswagen e-up!
  • Volkswagen ID.3 Pure Performance (45kWh 150PS) – Life

Cars must cost less than £32,000 to be eligible for grant (RRP) and includes VAT & Delivery fees

The grant will pay for 35% of the purchase price for these vehicles, up to a maximum of £1,500

To find out more about all available Government grants and legislation, including vehicle categories and examples, click find out more.

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WHAT ELSE DO YOU NEED TO CONSIDER?

WHAT VEHICLE IS BEST FOR YOUR NEEDS?

If you or your drivers regularly take longer journeys, for both work and pleasure, then it is important to consider whether you will go for an EV or a PHEV. EVs typically operate best in urban locations, whereas PHEVs are more suited for motorways and dual carriageways.

THE COST OF CHARGING YOUR VEHICLE

Whether you choose to charge your vehicle at the workplace, or at one of the numerous charging stations around the country, there are going to be some costs involved. However, these are going to be substantially less when compared to refuelling a traditional petrol or diesel vehicle. For example, it costs just over £3.50 to fully charge an EV or PHEV battery.

BUYING VS. LEASING

If you are worried about the investment needed to purchase an EV or PHEV, then leasing could be an option to consider. The benefits of leasing include fixed monthly payments, so you can budget accordingly, plus you do not have to worry about depreciation or resale values.
ARE YOU CONSIDERING LEASING AN EV OR PHEV?

Then arrange a free call back today to discuss your exact requirements in more detail with a member of our team