Road tax… Expensive maintenance fees… Emissions… Fuel… Depreciation costs… Electric car leasing avoids all of these pitfalls, while still allowing you to drive a brand-new vehicle and help save the planet.

After the announcement of the Government’s Road to Zero strategy, the transition to electric is now inevitable. With over 98,500 electric vehicles set to be introduced onto UK roads in 2020, the internal combustion engine will soon be a thing of the past. The future of UK motoring is green.

Why should I lease an electric car?

Experts suggest that driving an electric car is lower risk and lower cost than leasing a conventional combustion engine. This is because EVs are still very new, with brand-new technology reducing the risk of technical problems causing costly maintenance fees. The fact that EVs have fewer moving parts 

When leasing an EV, not only will you avoid maintenance costs anyway, but you’ll also benefit from an exciting selection of the latest cars and technologies. What better way to spend time on the roads than at the forefront of innovation whilst avoiding the expensive purchase costs? 

Are there financial benefits to leasing an electric car?

It goes without saying that by leasing any car you’re avoiding the often overwhelming cost of buying a vehicle outright. This is incredibly useful when you’re considering an electric vehicle, as purchase costs are usually higher due to how new the technology is.

Because the technology is forever evolving, the initial purchase price can be steep. If you want to join the green revolution but you’re not sure you can front the total cost, leasing is a perfect middle ground. 

It’s predicted that EVs will reach the same price as petrol and diesel engines in 2025 – therefore leasing is the most financially viable alternative at present. Leasing an electric car also gives you the rare opportunity to work out if purchasing one outright is a feasible option long term.

EVs are much cheaper to run than traditional cars, too. The cost of recharging an EV is very small compared with the cost of a tank of petrol or diesel. As more people begin to generate renewable electricity from their own homes this cost will also decrease – which is the opposite of the price of finite fuel.

2020 Spring Budget: EV Announcements

The 2020 Spring Budget has announced that £500m will be donated to make “new rapid charging hubs” for electric vehicles throughout the country. This huge step will make charging electric vehicles available to the public who may not own a home EV charger, and will also support longer journeys in EVs. 

Rishi Sunak, Chancellor of the Exchequer, has said this will ensure drivers are never more than 30 miles away from being able to charge their car.

The government has also announced that Company Car Tax (also known as Benefit in Kind or Bik) will be completely removed from drivers of purely electric vehicles from 2020 to 2021. This comes as part of the plan to incentivise driving an EV and is welcome news to all company car drivers wishing to make the transition.

According to Inside EV’s, there will be a 160% increase in the sales of electric cars in 2020. They have also predicted that switching to an EV from a plug-in hybrid could result in savings for an employee and the company in fuel, BIK and National Insurance of £4,578 in one year alone.

Electric Car

What electric cars are available to lease at JVS?

Our current selection of Electric Vehicles to lease covers a variety of models and price ranges. It includes:

  • Nissan Leaf Electric Automatic N-Connecta – The 40kWh Leaf qualifies for the lowest band of benefit-in-kind tax, which is a real incentive for company car leasers. With a range of up to 170 miles per charge, it’s the world’s most popular EV for a reason. We think it’s a brilliant, smooth and quiet driving experience.
  • Mercedes EQC 400 SUV 4MATIC 0.0E 80kWh 408 EU6 AMG Line Auto (Euro 6). The first electric car from Mercedes has an impressive 259 mile range, and charges from 10% – 80% in an incredible 40 minutes. The EQC is perfect for those willing to pay a little extra for a more powerful battery.
  • Audi e-tron 50 SUV Quattro 0.0 Electric 71.2kWh 313 Technik Auto. Independent testing by EuroNCAP revealed that the e-tron was one of the safest premium electric cars. Those looking for a luxuriously smooth and quiet drive will love the e-tron.

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