The electric vehicle revolution is well underway. Electric and hybrid vehicles have been around for a while now, but with the UK Government pledging to end the sale of petrol and diesel cars by 2030, we can already see electric vehicles dominating the car market.
For those looking to make the switch to an electric vehicle, leasing may be the best option. With that in mind, here are the top benefits of leasing an electric car.
1. Better for the environment
In recent years, the push to be more environmentally friendly has grown massively, and making the switch from petrol or diesel to an electric vehicle will have a huge affect on your carbon footprint. Considering that on average, new petrol and diesel cars produce 127g CO2/km, and the national average annual mileage is around nearly 10,500km/year, you could reduce your CO2 emissions by around 1.3 tonnes each year by switching to a zero-emission vehicle.
2. Future proof
The UK Government aim to end the sale of new petrol and diesel cars by 2030, and hybrid cars by 2035. At present, there are around 100 different models of electric car available, with that number expecting to match the number of petrol and diesel models by around 2025.
3. Better fuel costs
To fully charge a 60kWh electric car would costs just under £10 using a home charge, generating around 200 miles of range. The UK government is looking to invest £1.3 billion to speed up the roll out of charging infrastructure. This will improve the electric vehicle range capabilities and the ongoing development of charging points to provide faster charging.
4. Low Benefit-in-kind Tax
Benefit-in-Kind (BIK) Tax is the amount of tax you pay on any non-financial renumeration from your employer, for example a company car. It is calculated using your income tax band, the P11D value of the vehicle and its CO2 output. Because the BIK rate for zero-emission vehicles is set at 1% for 2021-2022 (compared to 29% for the average petrol or diesel vehicle), and electric vehicle could be a wise option for company car drivers.
Make the switch: Lease an electric vehicle from Just Vehicle Solutions.
Leasing an electric vehicle can be a great way to make the transition to driving an EV. Just Vehicle Solutions has a range of electric and hybrid vehicles all available for 6-12 month short term lease. Book a call with one of our leasing experts today to discuss your next lease car.