If you are looking to cut costs and reduce your organisation’s environmental footprint? Transitioning to electric vehicles offers a multitude of financial advantages:
- Vehicle Excise Duty (VED): Benefit from exemptions on VED until 2025, reducing operational expenses.
- Company Car Tax: Slash company car tax by choosing EVs, with fixed rates until 2025 and gradual increases thereafter.
- Leasing: Opt for leasing to spread payments and avoid depreciation, with lower overall costs compared to diesel counterparts.
- Salary Sacrifice: Enable employees to save up to 40% on EVs through salary sacrifice schemes, promoting eco-friendly commuting.
- Capital Allowance: Enjoy 100% first-year capital allowances on company EVs, providing significant tax relief.
- Lower Running Costs: EVs offer lower fuel and maintenance costs, resulting in substantial savings over the vehicle’s lifetime.
Make the switch to EVs and reap the financial rewards while contributing to a sustainable future for your business and the planet.
This article and its information was kindly provided by Green Car Guide