Should Businesses be Considering Electric Cars for their Company?

There was a time not too long ago when an electric car would be a rarity on the roads, but these days they are becoming increasingly prevalent with so many motorists making the switch. So, should businesses be looking at electric vehicles as their new company cars? Read on to discover why this might be a good choice and could bring a range of benefits.

Tax Laws

Tax is always an important consideration when looking at a company car and switching to electric could help your business to make huge savings. In April 2020, the BIK rate for fully electric vehicles become 0% which is enticing for those looking to offer a company car scheme to their employees.

Employees Want Eco-Friendly Vehicles

It is clear that people are becoming increasingly eco-conscious and looking for ways to reduce their environmental impact, so providing an electric car for your employees will keep them happy and show that you are a business that is considerate to the environment.

Employees More Interested in Electric Cars

In addition to being green, electric cars are also more interesting and modern to today’s motorist. Electric cars have become symbolic for being progressive, forward-thinking and modern with many impressive options available, so this can be a smart way to show that you are a business that adapts to the times.

Cheaper to Run

Of course, another major benefit to switching to electric is that they are significantly cheaper to run. While the upfront cost can be higher, you will make huge savings in the long-term when it comes to fuel and road tax. As with any vehicle, you also need to make sure that you protect your investment with GAP insurance being a smart form of insurance which would stop you from being out of pocket if the vehicle is ever written off.

Good Image for Your Business

Today’s consumer is becoming increasingly eco-aware and selective of the brands that they use. Therefore, driving an electric car is good for your brand image and will position your company as one which cares about the environment.

Charging has Become Easier

One of the main reasons that the uptake was initially slow for electric vehicles was due to concerns over charging and range anxiety. This is no longer an issue as the battery technology has improved drastically and there are now twice more electric charging points than petrol stations, meaning that you do not have to worry about the range of your electric car.

As you can see, there are a multitude of benefits to a business for making the switch along with the obvious environmental perks.

Cover photo by Vlad Tchompalov on Unsplash