How to transition your fleet to electric vehicles

As most businesses are looking for ways to cut carbon emissions and operate in a more planet-friendly way, transitioning your corporate fleet to electric vehicles is a great option for many organisations. 

Here, we take you through your options when it comes to powering your company miles with clean, green energy. 

 

 

 

Which type of EV is best for my fleet?

Now is a great time to choose an EV, as there's never been a wider choice of electric vehicles available on the market!

Here's a quick jargon-busting summary of the main types of electric car and van on offer:

Fully electric (BEVs)
These vehicles are driven purely by electricity, without a traditional combustion engine. BEVs are the cheapest and cleanest option to run, as they are emission-free. They need to be plugged in to charge up their battery at a dedicated electric vehicle charging point. 

Plug-in hybrid (PHEVs)
Like a fully electric vehicle, Plug-in Hybrids (PHEVs) also need to be plugged in to charge. PHEVs have both a traditional petrol/diesel engine and an electric battery. Typically the first 20-40 miles in a PHEV are powered by the battery, with the petrol/diesel engine taking over on longer journeys.

Conventional hybrid (HEVs)
Non plug-in hybrid cars combine a standard combustion engine with a smaller battery-powered electric motor. There’s no need to plug in a hybrid electric vehicle, as the battery is charged by both the combustion engine and regenerative braking.

Can I lease an electric fleet?

While the cost of purchasing electric cars and vans outright is currently still generally higher than traditionally-fuelled vehicles, leasing can be a sensible and cost-effective way to up your green credentials and cut your carbon footprint. 

Most car leasing specialists are now offering a comprehensive electric vehicle range, with competitive pricing options and great range of vehicles on offer.

By leasing an electric fleet, you'll be able to enjoy the latest in car technology, at a price that suits your budget. You'll be able to benefit from all of the usual business perks, as well as great tax incentives and reduced running costs. 

To work out whether an electric fleet is the best investment, take a look at our guide to total cost of ownership to understand all of the potential costs and savings. 

How does salary sacrifice work?

If you don't have a corporate fleet, you could still incentivise your staff to transition to electric vehicles by offering a salary sacrifice scheme, allowing your team to access a fantastic range of electric vehicles with no upfront cost by paying for their vehicle from their salary before tax.

Because of this reduction in salary, there is a subsequent reduction in income tax and national insurance payments for your employees, as well as in Employers' National Insurance payments for you - so money that would normally go straight to HMRC now goes towards your employee's car payments.

Our partner, Octopus EV, offers a salary sacrifice scheme with a number of tax and personal benefits savings for employees.

The salary sacrifice scheme is totally free for employers to set up - so you get to bolster your employee benefits package, while your team are able to save up to 40% on a new electric vehicle lease plan.