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The ultimate guide to a business electric car lease

The ultimate guide to a business electric car lease

What is a business electric car lease? Why lease a business electric car rather than purchase one? What’s the difference between a business lease and a personal lease? Why an electric car lease instead of hybrid, petrol, or diesel cars? Let us answer all your questions in our Ultimate Guide to Leasing an Electric Car for Business.

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Why lease a company car rather than buy one?

There are lots of reasons why many companies lease their company cars rather than purchase them outright, from lower Corporation Tax to residual value protection. First things first though, let’s cover the basics of what company car or business leasing is and what types of companies qualify. 

Company car leasing works like car rental, except for a much longer period. Your company chooses company cars, agrees on monthly fees and mileage allowances, and signs a contract usually for two, three or four years. At no point does the company own the car. At the end of the contract, the car is simply handed back.

Only registered businesses qualify for a business car lease. Whether that’s as sole traders, partnerships, limited liability partnerships, limited companies or VAT registered companies.  

By leasing company cars rather than purchasing them outright, your company can take advantage of the following benefits:

  • Lower Corporation Tax – lease any car with CO2 emissions of 50g/km or less and the full monthly rental payments are classed as deductible expenses. Meaning these costs can be off-set against company profits, leading to lower Corporation Tax.
  • VAT savings – leasing companies can reclaim VAT on every vehicle they lease, passing the savings on to customers. 
  • Attractive balance sheet – lease a company car and the asset or liability will not be shown on the balance sheet. 
  • Residual value protection – by leasing instead of buying, companies are protected from the financial risk of the vehicle losing value.
  • Financial certainty – leasing enables companies to plan budgets based on fixed monthly costs, with greater protection from unexpected maintenance costs. 
  • Protected cash flow – leasing allows companies to keep capital in their business to enable growth. 
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Electric car at a business charging
Electric car at a charging station

Why choose a business electric business leasing over personal leasing?

Most leasing companies offer a choice of both Business and Personal Leasing. Or as it’s more commonly called, Business Contract Hire (BCH) or Personal Contract hire (PCH). For BCH, you’re leasing the car or fleet on behalf of your company, while PCH is just for you. 

To enter into a BCH contract, you’ll need to provide details of the company, the registered number and address of the business, names of Directors and provide some bank statements. 

In general, the annual mileage allowance is higher on a business lease to account for regular motorway journeys. If you cover more than the maximum mileage, the company will have to pay an excess mileage charge.

It all comes down to VAT

If you’ve ever compared the BCH with the PCH price, you’ll know that there’s quite a difference in the two monthly prices. It all comes down to VAT. 

BCH prices are shown with 50% of the VAT already discounted, while the PCH contract always includes VAT, which in August 2023 was 20%. 

If your company is VAT registered, you can claim back 50% of the VAT on the monthly payments – plus 100% of VAT back on the maintenance agreement. 

Using a business car for personal use

Employees are free to use a company car for personal use, so long as you’re not claiming that the car is solely for business use only. Employees who use a company car for personal use, have to pay company car tax otherwise known as Benefit in Kind. More on that later. 

Electric car charge port

Why lease electric vs hybrid, petrol or diesel?

Once you’ve made your decision to lease and then to take advantage of a business lease, the next choice is whether to switch to a business electric car lease. Let’s look at the benefits, starting with Benefit in Kind.

Comparing BiK rates for business electric car lease

Benefit in Kind (BiK) is a tax on employees who receive benefits or perks on top of their salary. If employees have the use of a company car for private use, they have to pay a BiK contribution, also known as company car tax. 

Every car has a BIK rating based on CO2 emissions, and a P11D value which is the list price, including extras and VAT, but doesn’t include the first-year registration fee and vehicle tax.

The current company car tax rate for electric cars is just 2% fixed until April 2025, compared to up to 37% for some diesel cars. The rate is set to increase, but by just 1% each year until it reaches 5% in April 2028 – still way below the rate of petrol and diesel cars. 

Electric car example:

List price: £40,000

Taxable amount: £40,000 @ 2% = £800

Higher rate taxpayer: 40% of £800 = £320 per year

Basic rate taxpayer: 20% of £800 = £160 per year

Petrol car example:

List price: £40,000

Taxable amount: £40,000 @ 31% = £12,400

Higher rate taxpayer:
 40% of £12,400 = £4,960 per year

Basic rate taxpayer: 20% of £12,400 = £2480 per year

Lower Class 1A National Insurance contributions.

There are two kinds of company car tax on electric company cars. As we’ve discussed, employees pay Benefit in Kind tax, while employers pay Class 1A National Insurance Contributions. 

Switch your company cars to electric and you can save on NI contributions. That’s because companies pay National Insurance on an employee’s Benefit in Kind. Quite simply, the lower the employee’s BiK payments, the lower the company’s NI contribution. 

Zero Vehicle Excise Duty for a business electric car lease.

Until April 2025, owners of electric cars are exempt from Vehicle Excise Duty, commonly referred to as road tax. Drivers of petrol and diesel cars must pay an annual fee based on their CO2 emissions.
The new rules will see brand new electric cars registered on or after April 1st 2025 pay £10 in the first year, rising to £165 in subsequent years. Older EV models registered between 1 April 2017 and 31 March 2025 will pay the standard £165 fee. Low emission and zero emission cars first registered between 1st March 2001 and 30th March 2017 will move to £20 a year.

100% exempt from ULEZ and Congestion Zone charges.

Electric cars emit zero emissions which means they are 100% exempt from ULEZ and Clean Air Zone charges. The daily charge for driving in London’s Ultra Low Emissions Zone as of August 2023 is £12.50. So, if you have lots of business in London, it’s easy to see how this cost could build to around £3,500 per year for daily use. 
ULEZ isn’t the only road charging scheme in London. Drivers of electric and diesel cars that emit over 75g/km of CO2 face Congestion Zone fees of £15 a day – while electric cars are again exempt from all charges until December 2025. 

Other cities around the UK have introduced their own chargeable Clean Air Zones including Aberdeen, Bath, Bristol, Bradford, Glasgow and Portsmouth. Similar schemes are also in consultation in Cambridge, St Albans, Warrington and Wokingham. 

Lower whole life costs than petrol or diesel cars.

When we talk about whole life costs, we take into account all the costs across the life of the vehicle. 
When we’re making a comparison between an electric car and a petrol car for example, we’re comparing everything including the costs of the lease, how much it costs to charge up at the plug or fill up at the pump, plus tax, insurance and maintenance. 

Take the example below. Based on an average annual 20,000 miles business lease, you could save hundreds of pounds per month thanks to cheaper costs per mile. Resulting in significant savings – especially if you’re driving long distances on business. 

Then there’s maintenance and repairs. Electric cars have fewer moving parts that can become damaged or worn down, plus regenerative braking which places less strain on the brakes. Most lease companies also include a maintenance package in the cost to keep your car running at its best. So, it’s less likely you’ll have to worry about having to lose time or money getting your car fixed.

EVs also don’t require diesel particulate filters or additives such as AdBlue, both of which come at a cost. So much so, that Go Ultra Low – from the UK Government – once estimated that an electric car’s maintenance costs will be around 70% less than those of diesel or petrol cars over its lifetime.

Charging up an electric car. 

How do electric company cars compare when it comes to charging up versus filling up?

The difference is calculated in pence per mile. According to Fleet News in March 2024, UK average petrol prices were 143.49p per litre while diesel was more expensive at 152.69p per litre. Resulting in pence per mile costs of around 19p for a large 2000cc vehicle.

In the same month the average home electricity costs were priced on average at 30p per kWh. Meaning a typical large-size electric car (such as a Tesla Model 3) would cost around 11.1 per mile. This cost would come down to just 5p per mile at off-peak times when electricity is cheaper

The average rate for medium sized businesses during the same period was a comparable 29.8p per kWh. Business leasing customers who provide on-site charging at their premises may also benefit from tax deductions, and some local authorities may incentivise this further – saving electric company car drivers even more money.

Average cost per mile

PetrolDiesel Electric
19p19p5p per mile (off-peak)

When it comes to rapid public chargers, prices are generally more expensive at up to 25.7p per mile, but conversely, some also enable drivers to top-up for free. 

Claiming mileage back with electric business leasing.

AER stands for Advisory Electricity Rate and is set by government. It applies when a company reimburses an employee for business travel in a company car, or where an employee is required to repay the company for personal travel in a company car. 

On September 1st 2023, the advisory rate for fully electric cars was 10 pence per mile. As the price of electricity fluctuates, so do the recommended rates. To keep up to date and check the value of previous rates, take a look at the Gov.co.uk website. 

Of course, companies are not constrained by the advisory rate. Should they choose to, they can pay more than 10 pence per mile, by providing the required evidence to HMRC. 

Let’s sum up the main benefits of a business electric car lease.

Lease an electric car and the full monthly rental payments are classed as deductible expenses. Meaning these costs can be off-set against company profits for lower Corporation Tax.

If your company is VAT registered, you can claim back 50% of the VAT on the monthly payments – plus 100% of VAT back on the maintenance agreement. 

Your drivers will benefit from just 2% Benefit in Kind (BiK) rates until 2025, compared with up to 37% for some diesel cars. 

Take advantage of a lower upfront cost, typically equal to a few months of the monthly fee with a business electric car lease.

Electric cars have lower running costs than petrol or diesel cars, plus they are exempt from Vehicle Excise Duty (road tax) until at least 2025. Check out how much an electric car could save you here. 

By leasing, costs are factored into your monthly payments, meaning you’re protected from any adverse depreciation.

Budget your monthly outgoings and enjoy the predictability of fixed monthly costs.

Electric cars produce zero emissions which is not only good for the environment, but good for the pocket too, since they are exempt from costly ULEZ and Clean Air Zone charges.

You won’t have to worry about maintenance, servicing or costly mechanical repair bills with a business electric car lease.

Good EV leasing companies deliver more than just electric cars – you benefit from more buying power and bigger discounts to greater stock availability and more choice. 

A company car is still one of the most attractive employee benefits that could help to attract and retain staff.

Electric cars produce zero emissions at the tailpipe, helping your company meet its sustainability targets. 

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Why is a Tesla lease car so popular with company car drivers?

Why is a Tesla lease car so popular with company car drivers?

Thanks to its visionary leader, Elon Musk, and early entry into the market, many drivers see Tesla as the first true modern electric car.

Find out what’s driving this deep interest…

Tesla-Model-Y-Front-View

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All this Tesla interest adds up to big demand…

The Tesla Model Y was the UK’s biggest selling electric car in 2023, with the Tesla Model 3 in 4th place. While in 2023, the Model Y retained its place as the world’s best-selling model – only the second time ever for an all-electric car. 

As other major manufacturers innovate their own electric vehicles, what is it that makes Tesla the one to beat? And why is Tesla leaving traditional hybrid, petrol and diesel company cars far behind? 

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Model 3 in a scenic setting

Leading the charge for electric vehicles since 2003

Tesla is the world’s first ground-up EV company. It was incorporated as Tesla Motors in July 2003, its name inspired by inventor and electrical engineer, Nikola Tesla. In 2004, Elon Musk became the company’s largest shareholder and in 2008 Tesla announced its mission to accelerate the move to sustainable energy and transport, through electric vehicles and solar power. 

Fast forward 15 years and in 2023, Tesla is one of the planet’s largest companies and the world’s most valuable automaker. Even in the face of increased competition, Tesla leads the battery electric market with over 50% share. And in the second quarter of 2023, the company announced record new car deliveries. They are at the forefront of electric vehicle technology. With their innovative designs, long-range batteries and powerful performance, Tesla appeals to drivers who want to drive electric while still enjoying aesthetic desirability and exhilarating driving experiences.

Starting with one model, the Roadster in 2008, the company has grown its range to offer four models today – the Tesla Model X, Model S, Model 3 and Model Y.

X

  • 326 miles range
  • 0-60 in 2.5 seconds
  • 1,020 hp
  • Left-hand drive SUV

S

  • 359 miles range
  • 0-60 in 1.99 seconds
  • 200 mph top speed
  • 1,020 hp 

3

  • 390 miles range
  • 0-60 in 4.2 seconds
  • All-wheel drive dual motor

Y

  • 331 miles range
  • 2,100 litres cargo
  • All-wheel drive dual motor
Tesla Model Y In scenic setting

Supercharging the benefits of choosing Tesla

Tesla recognised the importance of charging very early on and has invested heavily in creating an extensive Supercharger Network. That’s why in 2023, they owned and operated the largest global, rapid charging network in the world with over 50,000 public superchargers and more than 1,000 in the UK alone in over 100 different locations. 

Superchargers enable Tesla drivers to simply plug-in and top-up their cars conveniently and quickly. And this can add up to 172 miles of range in just 15 minutes. Through the smart app they can navigate to the nearest site, see plug availability and charge status – meaning drivers are free to grab a coffee and do something far more interesting. 

Tesla drivers who use the Supercharger network pay for their charging sessions on a pay-as-you-go basis and only pay for the power they use when topping up their battery. In fact, the average price per kilowatt hour (kWh) for a Supercharger in the UK is 67p (2023), but Tesla owners who subscribe to the £10.99 per month membership are charged around 53p per kWh.

Up until 2022, Tesla drivers had exclusive use of the Supercharger network. But now, thanks to Tesla opening up part of their network to all electric car owners, they have to share. While the company has stated that queue times are continually monitored, it’s natural that Tesla drivers now have to wait longer to top-up their cars. 

Reading Tesla owner forums, it’s clear that while some feel it negatively affects the ownership experience, many more agree with the company that driving EV ownership as a whole can only be good for the industry and the planet. 

Doing the business for company car drivers

One of the main reasons why Tesla cars are so popular with company drivers is how simple they make the transition to battery electric. There is no compromise on style, performance, sustainability and ease of ownership. 

The Tesla brand is synonymous with innovation, luxury and exclusivity. It appeals to a wide range of company car drivers, broadening its appeal. From those who prioritise the environment to tech enthusiasts. 

Tesla vehicles are known for delivering a great driving experiences. Models like the Model S Plaid and Model 3 Performance have broken records and challenged the notion that electric cars are slow or lack excitement. 

And what about Tesla battery size?

Bigger batteries mean longer range capabilities. All models in the range can now travel over 300 miles on a full charge, making them perfect for company car drivers who very often travel long distances between meetings and appreciate fewer charging stops. Whilst battery degradation, or rather the loss in capacity and range over time and increased mileage, is a big concern for many drivers. Tesla has recently explained that its batteries only lose around 12% of capability after 200,000 miles.

Leaving a staggering 88% of battery life for the next few hundreds of thousands of miles – and ensuring Tesla battery replacement cost isn’t something drivers need to worry about. 

Reliability is a big win. Tesla’s reputation for quality and reliability has boosted its popularity, and according to data from various sources including Consumer Reports, Tesla vehicles consistently rank among the highest in terms of owner satisfaction and reliability. Helping to build a loyal customer base that is willing to pay a premium for Tesla’s products.

Of course, for many drivers, their vehicles are also their workplaces. Tesla’s spacious, comfortable interiors feature advanced on-board technology. For example, its Autopilot driver assistance system with automatic parking and touchscreen display with in-built YouTube and Spotify. While their over-the-air software updates provide continuous improvement, boosting the ownership experience.

While cost is of course a major consideration (discussed in more detail below) aesthetics or driveway appeal is significant. Tesla cars have their own unmistakable wow factor.  

Tesla Model S in blue on driveway

Why choosing Tesla can pay dividends

Many company car drivers and their organisations choose electric for both its environmental benefits and tax incentives. Tesla vehicles are fully electric, emitting zero tailpipe emissions which mean they are exempt from Vehicle Excise Duty, Ultra Low Emission Zone charges and Clean Air Zone fees. 

Drivers can also take advantage of 2% Benefit in Kind (BiK) rates that are fixed until 2024/25 and compare very favourably versus traditional petrol or diesel BiK rates between 20-37%. Since electricity is not classed as a road fuel, Tesla cars have no fuel benefit charge. That means employees are exempt from paying Benefit in Kind on electricity provided by their employer to charge an electric company car.

First Year Allowance is also claimable for up to 100% of the cost of qualifying low emission and electric cars. By choosing a Tesla car, businesses can claim a 100% year one deduction for the cost of the vehicle. 

Over the last few years, Salary Sacrifice has grown in popularity. Meaning company car drivers can save up to 40% on the price of a new Tesla, simply by deducting their lease fees from their gross salary, before tax and NI contributions are applied. Businesses themselves may also benefit from reduced National Insurance contribution payments from the scheme. 

While the upfront cost of a Tesla is generally higher than its competitors, they offer significant costs savings over time, including lower running, servicing and maintenance costs. A significant benefit for businesses with large fleets in particular. The company’s investment in battery technology and its introduction of the Gigafactory network has resulted in increased range, improved performance, greater longevity and reduced costs. 

Lease a Tesla with ease

Tesla’s commitment to sustainability, advanced features and technology, impressive performance and range, as well as its long-term cost-effectiveness, make it the perfect car for company car drivers. 

By choosing a Tesla, company car drivers can align their transportation choices with their organisations’ sustainability goals, enjoy state-of-the-art technology and convenience, experience thrilling performance, and save costs in the long run.

Powered by LV= General Insurance, we work with specialists CBVC to offer a wide range of the latest electric cars, with over 100 models from more than 30 leading manufacturers – including Tesla. With many available from stock within just 30 days. We partner with Indra to provide convenient home chargers to energise every journey.

And we provide bespoke insurance through Allianz, our digital sister insurance company. 

Want to find out more about leasing a tesla including stock offers or a business lease? Start by clicking here to see our range. 

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Switch your business vehicles to electric

Switch your business vehicles to electric

The UK Government announced on the 20th September 2023 that from 2035 onwards the sale of new petrol and diesel cars will be banned. This has huge implications for any business, large or small, that has a vehicle fleet and a Business Contract Hire (BCH) agreement.

Transitioning to an business electric vehicles for your fleet, fully or partially might seem a daunting proposition, so it’s important to look at what this might entail.

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A phased approach to business electric vehicles

Firstly, the existing petrol and diesel vehicles in a fleet can be returned in a process of “natural wastage” as the contract for each one comes to an end, so it’s not a matter of going electric overnight, electric could be phased in. 

ElectriX and its leasing partner, CBVC, will be happy to discuss your needs. CBVC is able to supply almost all makes and models of electric car in pretty much any number, tailoring the vehicles to your business’ requirements.

Business electric vehicle plugged in a rapid charging point

Charging business electric vehicles

Charging can be a factor that sometimes makes both businesses and individuals hesitant about buying or leasing an electric car. But some models now have a range of over 300 miles, though these will probably be within the higher price range, but many cheaper models will do 200-250 miles on a single charge. 

Developments in battery technology mean there will be a gradual improvement to the range of cars as they come onto the market. 

If your business is switching its vehicles to electric, you may need to think about installing charge points at your employees’ homes and/or your business premises. ElectriX can help you with the installation of Indra smart chargers for employees’ homes. Anyone with an electric car should also consider their electricity provider’s tariffs and whether it’s worth switching to an EV-friendly, off-peak energy tariff, which makes it cheaper to charge overnight.

Businessman at rapid charging electric vehicle at motorway services

Sustainability

Switching to electric vehicles will help to boost your business’ sustainability credentials. Sustainability ratings are taken seriously by investors, shareholders and regulatory bodies, and compliance criteria such as carbon footprint is likely to become better defined over the next decade. Going electric makes a firm statement about your business’ commitment to the future of the environment.

UK countryside

Cost savings

You will also save money. Leasing electric cars works out significantly cheaper than buying them, with the high purchase price and all the depreciation that entails.

Electric vehicle mileage rates can be as cheap as 2p per mile (as at Feb 2024) if your employees can charge at home on an EV-friendly, off-peak tariff.  Electrifying your fleet will eliminate your reliance on fossil fuels and possibly lessen your company’s risk to hikes in fuel prices. You and your employees will save on tax too, with Benefit-in-Kind (BIK) tax fixed at 2% until 2025. It will then increase by 1% per year until 2028, when the figure will be reviewed.

If you think your company is ready to consider going electric, you may want to canvas employee opinions by running a short survey to understand how attractive driving electric cars might be. So here’s a quick summary:

ElectriX and CBVC can help with advice on all aspects of making the switch to electric. Find out more about the range of cars we have available for your electric car Business Contract Hire scheme.

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Does it pay to choose an electric company car?

Does it pay to choose an electric company car?

Electric company cars are increasingly popular with employers and employees. From helping to support your organisation’s sustainability goals to attracting and rewarding staff. But it’s the cost savings, from benefit in kind tax and car tax to exemption from congestion charging and lower running costs, that really make sound business sense. Here’s why it could pay to choose an electric company car. 

Tesla can make a great electric company car

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Company car tax on electric cars

Benefit in Kind (BiK) is a tax on employees who receive benefits or perks on top of their salary. If you have the use of a company car for private use, you will have to pay a BiK contribution, also known as company car tax. 

Every car has a BIK rating based on CO2 emissions, and a P11D value, which is the list price, including extras and VAT, but without the first-year registration fee and vehicle tax.

The current company car tax rate for electric cars is just 2% fixed until April 2025, compared to up to 37% for some diesel cars. The rate is set to increase, but by just 1% each year until it reaches 5% in April 2028 – still way below that of petrol and diesel cars. 

Car tax for electric company cars

Until April 2025, owners of electric cars are exempt and pay zero car tax, while drivers of petrol and diesel cars must pay an annual fee based on their CO2 emissions.

The new rules will see brand new electric cars registered on or after April 1st 2025 pay £10 in the first year, rising to £165 in subsequent years. Older EV models registered between 1 April 2017 and 31 March 2025 will pay the standard £165 fee. Low emission and zero emission cars first registered between 1st March 2001 and 30th March 2017 will move to £20 a year.

ULEZ and Congestion charge for electric company cars

Electric cars emit zero emissions which means they are 100% exempt from ULEZ and Clean Air Zone charges. The daily charge for driving in the zone as of August 2023 is £12.50, so if you have lots of business in London, it’s easy to see how this cost could build to around £3,500 per year for daily use. 

Until December 2025, electric cars are also exempt from London’s Congestion Zone saving £15 a day. However you will have to register your vehicle in order to avoid the charge. 

While ULEZ and the Congestion Zone is unique to London, other cities around the UK including Bath, Birmingham, Bradford, Bristol, Portsmouth, Sheffield and Tyneside are introducing their own chargeable Clean Air Zones. By switching to an electric company car, you can drive freely across the country. 

If you travel to London, electric company cars are exempt from ULEZ charges

Whole life costs for electric company cars

Whole life costs can lead to big savings for electric company cars.

Take the example below based on an average 20,000 miles business lease from CBVC. The ‘fuel’ costs per mile are considerably cheaper. Which can result in significant savings – especially if you’re driving long distances on business. 

Then there’s maintenance and repairs. Electric cars have fewer moving parts that can become damaged or worn down, plus regenerative braking which places less strain on the brakes. All of which generally means less maintenance, downtime and costs. EVs also don’t require diesel particulate filters or additives such as AdBlue, both of which come at a cost. So much so, that Go Ultra Low – from the UK Government – once estimated that an electric car’s maintenance costs will be around 70% less than those of diesel or petrol cars over its lifetime.

Running costs for electric company cars

So how do electric company cars compare when it comes to charging up versus filling up?

For both convenience and cost effectiveness, you’ll want to charge your car at home. To make the biggest savings, you’ll charge your car overnight off-peak, when the cost of electricity is less. But since these off-peak prices are variable, we’ll be using the average standard tariff price per unit, which in December 2023 was 27.35p per kWh.

You can work out how much charging is costing you by following a simple calculation:

Battery size x Unit price of the electricity per kilowatt-hour (kWh)
So, let’s use the example of a Kia Niro EV which has a 64.8kWh battery and can travel up to an advertised 285 miles on a single charge. Based on the average cost of electricity in December 2023 of 27.35p per kWh, a full charge of the Niro EV will cost you:
64.8 x 27.35 = £17.72 

When it comes to rapid public chargers, prices are generally more expensive, but conversely, some also enable drivers to top-up for free. 

Business Contract Hire

If you’re a sole trader, limited company or partnership who want to lease vehicles rather than own them, Business Contract Hire is for you. Lease an electric company car or a fleet through your business, and you could save on everything from National Insurance to VAT.

  • Generous savings on employers’ Class 1A National Insurance
  • 50% back on VAT on vehicle payments and 100% VAT for maintenance (VAT registered companies only)
  • 2% fixed driver BiK rates until 2025
  • Small upfront costs from just one month in advance
  • Lower running costs when compared to diesel or petrol equivalent

Salary Sacrifice

If you think leasing means a lump sum upfront, think again. With Salary Sacrifice 
there are no upfront costs to employers or employees. Electric car salary sacrifice is a tax-efficient way to save up to 40% on brand-new electric cars. The lease fee is deducted at source from gross salary, saving on tax. 

Great for employees:

  • 2% Benefit in Kind (BiK) rates until 2025 – compared to some diesel cars at 37%
  • 100% exemption from ULEZ and clean air zone charges
  • Average savings of £732 a year on fuel compared to petrol and diesel cars (based on 8,000 miles) 
  •  Average 47% savings on maintenance and insurance 

Great for employers:

  • No upfront costs 
  • Save 13.8% on National Insurance on the amount sacrificed by your employee
  • Market-leading risk protection in case employees leave 

At ElectriX, we partner with electric lease car specialists CBVC who offer a choice of over 100 models, from more than 30 manufacturers. Here is a quick guide to some of their most popular models – many available within just 30 days.

Tesla Model 3

  • Up to 374 miles range
  • 15 mins charge to 50% with fast charger
  • 3.1 seconds 0-62
Get a quote
image of tesla model 3

Nissan Leaf

  • Choice of two battery options
  • Up to 239 miles range
  • 6.5 hours full charge with home charger
Get a quote
image of nissan leaf

Tesla Model Y

  • Up to 331 miles range
  • Premium audio 14 speakers, 1 subwoofer, 2 amps and full immersive sound
  • 4.8 seconds 0-62
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image of tesla model y

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