Why more companies are making the switch to electric - We Power Your Car
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Why more companies are making the switch to electric

As we edge towards the 2030 emissions target, and the aim to electrify all new cars in the UK, more and more businesses are taking the plunge to switch their cars to electric. With the recent news that 5 more British companies have joined EV100, we look at why many businesses are making their move.

Tax benefits

For any company, spending a little extra to go electric can have a great pay off in the long run. With 0% company car taxation on electric vehicles, it’s a bit of a no brainer. 

In April 2020, the UK government changed their Benefit in Kind (BiK) rates on EVs with a 0% contribution in your first year of the lease, 1% in the second year and 2% in the third year. Compared to some executive saloon vehicles, you could be saving thousands of pounds a month on the BiK rate by choosing to go electric.

There are also money-saving benefits for the company, with HMRC recommending that reimbursement for electric fuel costs should be 4p/mile on company cars.  

As part of the grants offered by the UK Government Office for Low Emission Vehicles, the Workplace Charging Scheme supports businesses with the up-front costs of the purchase and installation of electric vehicle charge-points and can further the savings that companies can make on the finance sheet.

Corporate social responsibility

Research from ICCT has shown that EVs are better for the environment than other types of vehicles. Including production of the rechargeable lithium-ion battery, EVs emit fewer greenhouse gases and air pollutants than petrol or diesel vehicles over the course of their lifetime. 

As EVs do not produce CO2, the use of them can reduce air pollution significantly. In fact, just one electric vehicle can save an average of 1.5 million grams of carbon dioxide from the environment per year. 

Additional research from the European Energy Agency found that even with electricity generation included, there is a reduction in carbon emissions on EVs of between 17% and 30% when using the average European electricity mix.

By making changes like these, it really showcases how much your business cares about protecting the environment. This is especially important now, as there is so much more scrutiny being placed on stopping climate change by consumers. 

Whatever your car and setup, We Power Your Car can help with all your charging needs. Get started now with our simple questions.

Tethered charger

This type of electric charger has it's own cable to charge your car.

Socketed charger

This type of electric charger requires a seperate cable to charge your car.

Underground cable

We lay SWA cable laid at 600mm deep, with a protective cable warning tape laid 150mm above the cable. These are laid on a sand or sifted sand soil bed then backfilled.

Overhead cable

We position overhead cables at a minimum height of 3.5m and are run along a catenary wire. The cable run should not be accessible to vehicles.

Standard installation for the Homecharger covers the majority of homes in the UK and includes the following: