Electric Car Leasing for Businesses

Why lease an electric car for business use?

Leasing an electric car for business use offers numerous advantages. It allows your company to embrace sustainable practices, enhancing your corporate image and demonstrating environmental responsibility. Electric vehicles (EVs) typically have lower running costs due to cheaper electricity compared to petrol or diesel, and they require less maintenance because they have fewer moving parts. Leasing also means you can regularly update your fleet with the latest EV technology without the significant upfront costs associated with purchasing.

What are the cost benefits of electric car leasing for businesses?

The cost benefits include reduced fuel expenses, as electricity is generally cheaper than petrol or diesel. Maintenance costs are also lower due to the simplicity of electric motors compared to internal combustion engines. Additionally, businesses can take advantage of government incentives, such as tax breaks for zero-emission vehicles. Leasing allows you to spread the cost over fixed monthly payments, improving cash flow management and making budgeting more predictable.

How do electric car leasing incentives work for businesses?

Governments often provide incentives to encourage the adoption of electric vehicles. In the UK, businesses can benefit from lower Benefit-in-Kind (BIK) tax rates for company car drivers using electric vehicles.

What are the best electric cars for business leasing?

Popular electric cars for business leasing include:

• Tesla Model 3: Offers impressive range and cutting-edge technology.
• Cupra Born: A reliable and cost-effective option with a good range.
• Jaguar I-PACE: Combines luxury with high performance.
• BMW i4: Delivers a balance of comfort and efficiency.
• Volkswagen ID.4: An electric SUV with ample space and modern features.

The best choice depends on your business needs, budget, and desired features such as range, charging speed, and technological amenities.

How do you implement electric car leasing in your company fleet?

To implement electric car leasing in your company fleet:

• Assess Your Needs: Determine which roles or employees would benefit most from electric vehicles based on travel patterns and range requirements.
• Budget Planning: Consider the total cost of ownership, including leasing fees, insurance, charging infrastructure, and maintenance.
• Consult Leasing Companies: Work with providers experienced in electric vehicles to find the best deals and support options.
• Install Charging Stations: Set up workplace charging facilities to ensure convenience and encourage employee adoption.
• Employee Training: Educate staff on EV operation, charging procedures, and the environmental benefits to maximise usage and satisfaction.
• Monitor and Review: Keep track of the fleet's performance, cost savings, and employee feedback to assess the effectiveness of the transition and make adjustments as needed.