03 Jun Electric Cars – How Can They Help Your Business?
As a business, you should always be on the lookout for new ways to save money and also help the environment. Those specific needs come together in electric cars, which have been well known as a way to travel safely and without damaging the world around us too much. There’s a lot of benefits to using electric cars as a business, even if not everyone is fully aware of what the benefits are and how easy it is to utilise them. To try and help with that, we’re going to be taking a look at some of the advantages a business can cultivate from electric cars.
Tax Benefits
One of the biggest advantages to an electric car is that they’re highly praised by the government. There’s been schemes and initiatives for years which have been designed to help get more electric cars on the road, so you’ll definitely benefit here. These schemes might reduce the cost of ownership, lower the running costs, and also a reduced fuel expenditure. These are great ways to make electric cars available to you and your employees.
Vehicle Excise Duty
Vehicle Excise Duty, known as VED, is another way in which people can make savings on their electric cars, and so can you. It basically allows pure electric vehicles to be exempt from paying additional costs to be on the road. Because they produce less than 75g/km of carbon dioxide, they have to pay less in road tax each year. This helps to make electric cars a more affordable option for anyone, including businesses.
Salary Sacrifice Car Schemes
A salary sacrifice is another way in which you can generate savings. This is when an employee chooses to give up part of their earnings in order to get a new vehicle. As the employer, you’re responsible for choosing a vehicle and providing the employee with one. As an electric car is exempt from a lot of new tax rules and is also cheaper to run thanks to government schemes, it’s a great way to provide your workers with a functional vehicle, but also to save money when it comes to buying and helping to keep them maintained
Overall, these are just a few of the different ways that a company can generate savings with electric cars. Most people know about the advantages that electric cars can bring, both in terms of cost and also environmental protection. However, not every company has tried to implement them into their world. This is, to be honest, quite a shame. There’s a lot of benefits to using electric cars in your company, and the savings can be abundant. As a business, you need to make sure that you’re saving money wherever you can. This involves making sure that the right provision has been made to invest in all money saving schemes that are available. Electric cars are just one of those areas, providing you with all the savings you could possibly want from this area.
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