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Venson launches EV guide

Date: 16 August 2017   |   Author: Daniel Puddicombe

Leasing company Venson Automotive Solutions has produced a free guide aimed at dispelling myths around plug-in and electric vehicles.

The publication, 'Electric Vehicles: A guide to spark your interest', aims to answer questions that fleet managers and drivers may have about electric vehicles. It also provides advice on how to make businesses choose greener fleets.

According to Venson, plug-in vehicles cost £2-3 to travel for 100 miles, assuming they are charged at home, compared with £9-13 for a petrol or diesel vehicle to cover the same distance.

Statistics from the Society of Motor Manufacturers and Traders (SMMT) show that 8,871 alternatively-fuelled vehicles were registered in July 2017, a rise of 64.9% compared with July 2016.

Venson said switching to electric or plug-in vehicles would be particularly useful for London-based company car drivers, as the vehicles are already exempt from the city's congestion charge of £11.50 a day and will be able to drive in 'clean air zones' without any charges.

The guide also lists the differences between 100% electric, plug-in hybrid vehicles and range extenders, as well as the differences between standard, fast and rapid charging points.

"There are clear financial benefits for company car drivers choosing an electric car," said Simon Staton, client management director at Venson. "The motoring tax regimen is designed to favour EVs and PHEVs because it is based around CO2 emissions and plug-in cars are either zero emission or have very low emissions. Anyone choosing an EV as a company car will gain major benefit-in-kind tax savings compared to petrol and diesel vehicles. In addition, employers will make Class 1A National Insurance savings, as well as capital allowance savings for employers."

He added: "Venson published its plug-in guide to help fleets and employees decide if an electric vehicle is right for them. Fleet managers and company car drivers should take time to look at the potential savings that can be made from making the switch to electric."