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Fleet drivers could save £7,000 by going electric, says Go Ultra Low

Date: 14 December 2017

Company car drivers could save more than £7,000 a year by switching to electric, according to new figures.

Go Ultra Low, a joint government and car industry campaign encouraging motorists to consider electric vehicles, has released the data as it launches new fuel and tax cost calculator tools on its website.

The figures show that company car drivers could save around £7,376 by switching to a 100% electric car. This figure, which Go Ultra Low says was calculated by comparing average electric and diesel models, includes a benefit-in-kind rate saving of £3,974, in addition to an average £3,402 fuel saving over a typical three-year cycle of company car ownership.

The online calculators allow all new petrol and diesel-engine cars to be compared side by side with every plug-in hybrid and 100% electric car from Go Ultra Low's supporting manufacturers - Audi, BMW, Hyundai, Kia, Nissan, Renault, Toyota and Volkswagen.

Head of Go Ultra Low Poppy Welch said: "Businesses should not be put off by the upfront purchase price of electric vehicles, but should instead focus on the fantastic savings they offer over the life of the vehicle.

"However, we know that many questions and concerns still remain in regards to electric vehicles and their viability for business.

"That's why Go Ultra Low has developed a range of tools to offer businesses and drivers the information they need to choose the car that best suits their needs."

Go Ultra Low says buyers should also be aware of government grants offering up to £4,500 off the price of pure electric cars, £2,500 off the price of eligible plug-in hybrid cars, and up to £8,000 off the price of a new electric van.

It says consumers can also benefit from up to £500 off the cost of installing an electric charge point at their home and businesses can also take advantage of the Workplace Charging Scheme, which provides grants of up to £300 per charging socket.

By Sean Keywood