*£3k Deposit & £1,299 x 35 based on 36 month PCH agreement and 6,000 miles per annum Why Your Business Should Switch to Electric Vehicles in the UK Driving an electric vehicle (EV) through your business in the UK isn’t just an eco-friendly choice — it’s one of the smartest financial and strategic decisions you can make today. 1. Major Tax and Financial Incentives ? 1% Benefit-in-Kind (BiK) Rate (Rising to Only 2% Until 2025) • If you’re providing a company car to yourself or employees, electric vehicles come with dramatically lower BiK tax rates than petrol or diesel alternatives. • Example: A £40,000 EV may cost the driver just £160–£320 per year in BiK tax. Compare that to thousands per year for a similarly priced petrol car. ? 100% First-Year Capital Allowance • Businesses can deduct the full cost of a new electric car from their profits before tax in the first year — a huge saving on Corporation Tax. ? Reduced Class 1A National Insurance Contributions • Lower BiK values also reduce your NIC bill, adding to the bottom-line savings for employers. ? Congestion Charge and ULEZ Exemptions • EVs are exempt from London’s Congestion Charge and Ultra Low Emission Zone (ULEZ), saving up to £15 per day per vehicle if operating in or near central London. 2. Sustainability and Compliance • The UK is moving toward a ban on new petrol and diesel cars by 2035. Transitioning early helps future-proof your fleet. • Many public contracts and corporate partnerships now include sustainability criteria — driving EVs aligns with net-zero goals and makes your business more competitive. • It also supports your ESG strategy, especially important for investors and stakeholders 3. Boost Your Brand and Attract Talent • Customers and clients are increasingly eco-conscious — seeing your staff drive electric vehicles builds brand trust and credibility. • Employees often prefer EVs as company cars due to the low BiK tax, helping you attract and retain talent. • If your business vehicles are signwritten,EVs are a great way to showcase your commitment to innovation and sustainability on the road