Coronavirus increasing interest in electric vehicles

As game-changing tax breaks for electric vehicles come into effect, research shows that the improved air quality resulting from COVID-19 restrictions is encouraging more drivers to go electric.

Posted on 22 April 2020

 

As game-changing tax breaks for electric vehicles (EVs) come into effect, research shows that the improved air quality resulting from COVID-19 restrictions is encouraging more drivers to go electric.

Nearly half (45 per cent) of people surveyed by Surry-based Venson Automotive Solutions said that the radical improvement on air pollution across the globe as a result of the demobilisation of transport has made them reconsider EV ownership.

Of the 45 per cent reassessing their EV options, 19 per cent said their next company car or private purchase would be an EV, with the remaining 26 per cent confirming they intend to become an EV driver in the next five years.

Tax breaks

The news comes shortly after major tax changes come into effect for company cars. In addition to existing tax breaks, company cars are now exempt from Benefit in Kind (BIK) tax in the first year - down from 16 per cent. According to GC Business Growth Hub Low Carbon Network member Zoom EV, the change could save company car users thousands of pounds.

What to consider when switching to an electric fleet

‘Employees more open’ to EVs

Commenting on the survey findings, Alison Bell, marketing director at Venson Automotive Solutions, said: “In recent years we have seen the cost of electric vehicles fall, battery efficiency increase, and the network of both public and private charging points grow significantly. All of these steps have boosted consumer confidence in an EV future, however whilst ownership is increasing, we still have a long way to go.

“Having said that, fleet managers looking to introduce fully-electric fleets could find employees more open to the idea now they have seen the global benefits it could bring to the environment.”

Recent data suggests that UK businesses are planning to invest £12 billion in EVs over the next two years.

 

 

Posted under General Interest, Carbon Reduction and Environmental Technologies and Renewable Energy on 22 April 2020