Lex Autolease have been at the forefront of electric vehicle technology with our first mainstream plug in vehicles introduced to customers' fleets early in 2011. We continue to build upon our sustainability strategy by providing customers with the vehicles and tools to assist their transition to ultra-low emitting vehicles.
REDUCE YOUR FLEET COSTS
Reduced fuel consumption and lower service and maintenance costs can contribute to a lower Whole Life Cost for an electric vehicle, despite often higher purchase costs.
PROJECT A POSITIVE IMAGE
What is the environmental impact of your fleet? Maintaining a positive corporate image could enhance your business' reputation and credibility by visibly operating zero emission vehicles.
BENEFIT FROM TECHNOLOGY
Enhanced battery technology is increasing vehicle range whilst reducing battery costs. The issues that once threatened the viability of electric vehicles are rapidly disappearing.
HELP IMPROVE AIR QUALITY
With the governments focus on poor urban air quality and the introduction of Ultra Low Emission Zones and Clean Air Zones, electric vehicles have the benefit of zero emissions.
PROVIDE ATTRACTIVE BENEFITS
Offering electric vehicles makes for an attractive proposition, as employees can benefit from innovative technology, more sustainable transport, lower BIK tax and reduced fuel costs.
Electric vehicles can be used to meet corporate social responsibility and carbon reduction targets when used in conjunction with clean electricity. As more “green” energy is available in the UK the overall carbon footprint reduces.
Fleet policy considerations
THE RIGHT VEHICLE FOR THE RIGHT APPLICATION
It is important that the correct vehicle technology / fuel type is provided for the right application.
For city centre driving with lower annual mileages pure battery electric vehicles (BEVs) may be best.
For high mileage motorway users diesel can still be the most cost effective and lowest CO2 option.
COMPANY CAR POLICY
It is important to review the company car policy to ensure employees have the opportunity to select the right vehicle technology / fuel for their needs. This choice should be based on suitability and not just on whether the vehicle has a low personal tax cost.
VEHICLE CHOICE LISTS
Consideration is needed for the vehicle choice lists. We recommend a Whole Life Cost (WLC) based choice list, however this must reflect both the company car policy and the fuel / business mileage reimbursement policy, i.e. if the HMRC advisory fuel rates and / or bespoke mileage rates are utilised these should be reflected in the WLC methodology in the choice lists.
Ensure the company's fuel policy is suitable for electric and plug in vehicles. Often a pence per mile rate can be easier for duel fuel vehicles such as plug-in hybrid electric vehcicles (PHEVs) and range-extended electric vehicles (E-REVs.)
Your local tax office should be consulted when selecting such rates as currently HMRC do not provide advisory fuel rates for plug in vehicles.
Fuel cards can present issues when using dual fuel vehicles such as PHEV and E-REV.
Companies may decide to provide home chargers to encourage the uptake of plug in vehicles but there will be benefit in kind due on the cost of the chargers. Often the tax and fuel savings for the employee and the current low cost of home chargers (after the Government Grant) means many leave employees to pay for their own home charging solutions.
Consideration is needed as to who can charge their vehicles at a company site. For company owned vehicles and company cars there is no Benefit in Kind (BIK) or National Insurance contribution (NIC) charge as of 2018 financial year, however private vehicles charged for free at work do still attract BIK and NIC based on the cost of the electricity used.