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FUTURE OF FLEET | LEASING
LIVING WITH YOUR ELECTRIC VEHICLE
Alison Bell I marketing director I Venson
With less than a decade before the planned end of the production line for fossil-fuel powered cars, and 15 years before >3.5t van production hits the same milestone, Venson Automotive Solutions is helping fleets live life today with Electric Vehicles (EVs) with its new free white paper, ‘Living with your electric vehicle’.
The paper answers a multitude of questions would-be EV owners or fleet managers may have, including those around the various financial incentives of EV ownership, how fleets can onboard EVs, and work, home and public charging options.
A TRANSITION TO EV
Government continues to offer grants for electric car and van purchases and low Benefit-in-Kind tax rates for drivers of electric company cars to boost take-up. A £2,500 subsidy on every new electric car is currently being offered, subject to the vehicle emitting less than 50g/km of CO2 and being able to travel at least 70 miles without emitting anything – if the vehicle costs less than £35,000.
Tax rates are even more attractive. In the current 2021/22 financial year, EVs are placed in the 1% Benefit-in-Kind tax bracket, and from 2022/23 through to 2024/25, EVs fall into an even more preferential 2% bracket. By comparison, a driver of a relatively low-emission petrol or diesel car (for instance, one that emits 100g/km of CO2) will be put into the 25% bracket from 2022/23.
ONBOARDING EVs NEEDS TOP-TIER BUY-IN
However, whilst many fleet managers want to take advantage of the financial gains being offered, the buy-in from across their business to make those a reality is needed. Knowledge and ability to answer board-level and management queries will help smooth the way for getting approval; thorough research goes a long way and the Venson white paper will empower both decision drivers and makers.
COUNCIL-RUN EV CHARGING NETWORKS
Battery range and charge point availability remain key EV concerns for many, but a consultation is being carried out through the Office for Zero Emission Vehicles (OZEV) on the introduction of a raft of new legislation and regulations to drive positive change. This could see new legal duties for councils in England and Wales, such as being responsible for planning and delivering an EV infrastructure. This move is backed by 43% of motorists surveyed by Venson. In the meantime, Venson’s white paper provides intel to help fleet managers get ahead of charging queries.
The UK is on the brink of a seismic electrification shift that will see the 2020s go down in history. Of course, any significant change brings uncertainty and questions, and we hope our latest white paper answers some of those, so more people will make the switch sooner. With both battery tech and charging infrastructure growing daily, and financial incentives the best they have ever been, there has never been a better time to go electric.
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