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A new EV mileage cost calculator from the Association of Fleet Professionals (AFP) is set to help members with accurate charging reimbursement for company car drivers.
It shows potential pence-per-mile costs for more than 70 models, comparing a variety of home and public charging tariffs in a variety of weather conditions against the current 9ppm Advisory Electricity Rate (AER) from HMRC.
AFP chair Paul Hollick said: "This answers a very real need from fleets for information about real world EV charging cost performance, given the variance that exists between what is being paid for electricity and how efficiency changes at different temperatures."
Hollick said members were expected to use the calculator in several ways.
He explained: "The first is simply to look at the mileage costs of different EVs and use the figures to inform future decision making, especially which models should be included on choice lists.
"Secondly, it should also support arguments to encourage more home charging and less use of public facilities, showing just how much this impacts on costs on a per vehicle basis.
"Finally, and perhaps most importantly, it will help to enable more accurate reimbursement of drivers for charging.
"While the increased 9ppm AER is an improvement, the calculator does show conclusively how it easy it is for this figure to be exceeded in any number of circumstances. We already have several AFP members who are paying substantially more that AER in order to reimburse employees fairly."
The calculator was created by AFP member David Watts of Volkswagen Financial Services Fleet, and plans are said to be underway to make the data it produces widely available across the organisation's membership body.
Hollick said: "This is a good example of how the huge expertise that is available within the AFP can help to create new and innovative tools that immediately help to improve fleet management best practice."
Watts said: "Having been instrumental in raising the issue of the AER and its appropriateness from a fleet perspective, back in 2020 (when it was 4p), it was good to explore this further with the AFP.
"The exercise demonstrated the significant variance in energy consumption across the EV range, coupled with the huge variance in energy costs, depending where and when you charge up - from home and off-peak, all the way through to ultra-rapid charging - together with seasonal variations. This insight was then compared with the HMRC's AER business mileage reimbursement to develop a more effective tool to support accurate EV charging reimbursements.
"Importantly, the new tool will enable fleet managers to more accurately calculate fleet charging costs, ensuring reimbursement strategies are fair for drivers, incentivising the switch to EVs in line with the government's wider sustainability agenda."
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