Electric vehicles will have to pay to enter Greater London for the first time from the end of this year. The air of change over London is slowly but surely sweeping across Britain and motorists need to understand and be ready to pay to drive on our busiest roads over coming years. The capital’s Ultra Low Emissions Zone was the country’s first 24/ 7 Clean … [Read more...]
Bodies join to offer employees better tax deal
A new salary sacrifice course for fleets is being offered to members of the Association of Fleet Professionals in partnership with the British Vehicle Rental and Leasing Association. The move is part of a general strategy by the two professional bodies to work more closely together to the benefit of their members, with further joint training initiatives … [Read more...]
Tradelines 15 January
Following the announcement of its tie-up with energy experts OVO in July 2024, Volkswagen Group UK is extending the benefits of the partnership to company car and salary sacrifice customers. Those purchasing vehicles from 1 January 2025 from any of the Volkswagen Group brands - Audi, CUPRA, Škoda, Volkswagen Passenger Cars and Volkswagen Commercial … [Read more...]
Trade fears over collapsing EV valuations, says ADS
Collapsing EV values and waning confidence in forecast residuals will increasingly force leasing companies to extend contracts and encourage the re-leasing of used EVs in a bid to mitigate losses. All players in the market, from leasing companies and their customers to manufacturers, are feeling the impact as the crisis deepens. That's the prediction from … [Read more...]
Tradelines 20 September
The British Government should incentivise EV private car purchases, say the car-makers. The Society of Motor Manufacturers and Traders said the ev market has moved from the early adopter phase with 16% of new registrations but more incentives were needed to push towards the zero emissions target of the Government. A petition in Wales calling for this … [Read more...]
Newslines 4 September
The fifth generation, all-electric MINI Cooper will be unveiled at the German Motor Show in Munich this week. It will be available in E or SE grades with 190 or 250 miles range and priced from £30,000 next Spring. EDF’s small and medium-sized enterprise business customers can now save up to 40% on the cost of an electric vehicle through DriveElectric’s … [Read more...]
Octopus Energy spread into used evs for business
Octopus Electric Vehicles has launched a second hand workplace leasing scheme for electric cars. Octopus’ ‘Nearly New’ salary sacrifice offer makes EVs even more accessible to the mass market by considerably reducing costs. Drivers are able to access popular EV models like the Renault Zoe, Peugeot e-208 and Vauxhall Mokka-e for roughly £300 a month, … [Read more...]
EV fleet challenge to smaller businesses
According to recent findings by Alphabet GB, small and medium-sized fleets are facing difficulties in transitioning to electric vehicles. While companies have the desire to initiate the switch to electrified vehicles, 45% of fleet managers claimed that they lack the required knowledge and time to take the crucial initial steps. A majority of businesses … [Read more...]
Employees missing out on tax break
Current conditions are hampering take-up of salary sacrifice with many failing to fulfil their potential as a result, said the Association of Fleet Professionals. The organisation says that although employees are keen in theory to join salsac schemes, the initiatives are being badly affected by a range of factors including highly restricted electric vehicle … [Read more...]
Halve your new company car costs
With the cost-of-living crisis heading the domestic political agenda, an EV salary sacrifice car scheme costs nothing to introduce, works for all employees, and can save workers hundreds of pounds per month. An innovative electric car scheme holds the key to solving the two crises facing the world today – the climate emergency and the cost-of-living … [Read more...]
