The Future of Fisker and the Ocean
The world is electrifying, and there's no denying it. From our toothbrushes to our cars, the omnipresence of electricity is undeniable. But have you considered how this could impact your business mobility solutions? This guide will turn your attention to a game-changer in corporate transportation: Electric van leasing for companies.
The transition to electric vehicles (EVs) is not just a trend; it's a necessary move towards a sustainable future. With governments worldwide introducing stricter emission regulations and companies becoming increasingly conscious of their carbon footprints, electric vehicles are rapidly becoming the go-to solution.
Electric van leasing for companies is an innovative solution that can significantly reduce business costs while supporting green initiatives. By leasing electric vans, companies can access the latest EV technology without the hefty upfront cost and wave goodbye to the traditional maintenance and fuel costs associated with petrol or diesel vehicles.
There are a multitude of reasons why companies are making the switch to electric van leasing. Here are the top four:
When deciding between leasing or buying an electric van, it's essential to consider the upfront and ongoing costs.
Buying an electric van outright can be expensive. However, leasing allows companies to access these vehicles without the hefty initial outlay. The cost of leasing is spread over the contract's duration, making it a more affordable option for many businesses.
Electric vans typically have lower running costs compared to conventional vehicles. They require less maintenance, have cheaper 'fuel' costs, and often come with tax benefits. These costs are significantly reduced when leasing, as maintenance and servicing, are usually included in the lease contract.
Different types of leases are available, each with its own benefits and considerations. These include:
Before jumping on the electric van leasing bandwagon, it's worth considering the pros and cons.
Switching to electric vans can significantly reduce a company's carbon footprint. This benefits the environment and bolsters the company's green credentials — an increasingly important factor in today's eco-conscious society.
Electric vans produce zero tailpipe emissions, producing cleaner air and fewer greenhouse gases. Furthermore, as more electricity is generated from renewable sources, the lifecycle emissions of electric vans continue to decrease.
Electric vans are considerably more energy-efficient than conventional vehicles. They convert a higher percentage of the electrical energy from the grid to power at the wheels.
One perceived challenge of switching to electric vans is the availability and accessibility of charging points. However, the UK's charging network is rapidly expanding, making keeping your electric van charged and ready to go easier.
Most electric van drivers charge their vehicles at home or work. It's worth noting that grants are available from the government to help cover the cost of installing charging points at workplaces.
Public charging points are becoming increasingly common, with many in car parks, supermarkets, and motorway service stations. A growing number of rapid chargers can charge an electric van to 80% in around 30 minutes.
If you've decided that electric van leasing is right for your business, here's a simple step-by-step guide.
Electric van leasing for companies works much like any other leasing agreement. The company chooses an electric van and agrees to a contract with a leasing company, paying a monthly fee for using the vehicle for a specified period.
The cost of leasing an electric van depends on various factors, including the make and model of the van, the length of the lease, and the company's credit rating.
Leasing an electric van in the UK can be a significant tax benefit. As of my knowledge cutoff in 2021, zero-emission vehicles benefit from a 0% Benefit-in-Kind (BiK) rate. Now in 2023, 2% BIK. However, always consult with a tax professional for the most current information.
At the end of the lease, the van is typically returned to the leasing company. Some lease agreements may offer the option to purchase the van or extend the lease.