Factors related to financial security and convenience top the list of reasons why fleets without alternative mobility policies in place believe that employees choose a company car rather than funding their own vehicle. The latest findings from Arval Mobility Observatory’s research indicate that 31% of those fleets, believe that employees not having to … [Read more...]
Company car drivers need EV awareness advice
Drivers taking delivery of their first electric company car need guidance and policy from their employer on the public charging options available to them and their cost, says FleetCheck. The fleet software specialist points out that, while most employers are ensuring that staff have some form of charger installed at home, they are often leaving drivers to … [Read more...]
Luxury loophole can add value but not cost
Smart buyers, dealers and manufacturers have been given a lifeline to save expensive payments on new cars, for now. The Government's Office for Zero Emission Vehicles has provided clarity around the price cap definition stating cars must be priced below £35,000 RRP to be eligible for Government grants. In particular, the price cap definition includes “any … [Read more...]
E-vans benefits not explained say fleets
The new zero per cent benefit-in-kind rate for electric vans that takes effect on 6 April has been “underpublicised” when it should be helping lead to faster, wider adoption, says the Association of Fleet Operators. Chair Paul Hollick said that a key element of success in boosting demand for electric cars over the last year has been the low level of … [Read more...]
EVs attracting company car drivers
Employees who have previously taken cash options are returning to company car schemes in “noticeable” numbers thanks to electric vehicles, reports Arval UK.Shaun Sadlier, head of consulting at Arval UK, said this was something that was predicted when the latest zero and low benefit-in-kind rates for EVs were unveiled in 2019, but is now becoming increasingly … [Read more...]
Call for clarity on new BIK tax until 2030
New company car benefit-in-kind tax tables should be provided up to 2030 if the Government adopts this date as its new electrification target, says the Association of Fleet Professionals. The industry body said it had been widely reported that an announcement would be made during November to halt sales of internal combustion engined vehicles by the end of … [Read more...]
Company car ‘at home’ danger
Fleets need to work on issues arising from an emerging “home working, home charging” model being created by the rise of electric vehicles and the effects of the coronavirus crisis, says FleetCheck. The fleet software specialist says that a potentially important new subset of company car driver is emerging who now works largely from home and is set to choose … [Read more...]
Lockdown legalities for fleets & users
The handing back of company car and van keys or fobs to employers in order to avoid benefit-in-kind taxation during the coronavirus lockdown needs careful management, the Association of Fleet Professionals has warned. There remained both pertinent questions for HMRC around the issue and a range of potential practical problems to resolve, explained co-chair … [Read more...]
Tax break to push company car drivers into evs
Eight out of ten business employees who currently opt out of a company car scheme are ‘likely’ or ‘very likely’ to move back to company cars and these will be electric, according to a survey by DriveElectric, one of the UK’s leading EV leasing companies. The return to company cars rather than employees taking car allowances is being driven by a number of … [Read more...]
Fleets need to prepare for EV charge in demand
Fleets of all sizes will need support through a potential “sudden 2020 influx” of electric vehicles that is likely to create a vacuum of expertise, says FleetCheck. The fleet software specialist says that the new zero per cent benefit-in-kind tax rate, the availability of a wider range of models and the momentum created by the Government’s 2035 announcement … [Read more...]
