Evs for Business & Fleet

Electric fleet vehicles

As a fleet manager, you need to determine if an alternative fuel vehicle is going to be right for the fleet management budget you have and the processes you have established. There are a number of benefits that are associated with going down the EV route. Below, we will take a look at them in further detail.

One of the reasons why a lot of business owners do not consider plug-in electric vehicles is because they deem them to be too expensive. However, it is important to look at the overall picture when thinking about the costs. You need to factor in the reduced TCO, lower Class 1A National Insurance Contributions, and generous BIK tax advantages for your company. When you take that into account, it is not difficult to see how an EV can actually be more beneficial on the cost front.

You also need to consider the fact that downtime is going to be reduce for your drivers because you will have fewer repairs, maintenance, and servicing, as there are not as many moving parts with these sorts of vehicles. If you want to make the most of an EV for your business, please do not hesitate to get in touch with us for more information. We can help you to find the perfect EV for your business.

hyundai-kona-electric

Why are EVs Good for Businesses?

Electric vehicles can be a smart move for UK businesses, both financially and strategically. How? We tell you:

  • Fuel savings - Electricity is much cheaper per mile than petrol or diesel, especially with smart or off-peak charging.
  • Lower maintenance - EVs have fewer moving parts, meaning less wear and tear, no oil changes, and fewer breakdowns.
  • Predictable costs - Energy prices (especially fixed tariffs) are generally more stable than fluctuating fuel prices.
  • Company car tax (Benefit in Kind – BiK) - EVs currently enjoy very low BiK rates (around 2% compared to up to 37% for petrol/diesel), making them highly attractive for employees.
  • Grants and allowances - Businesses can claim capital allowances on EVs and charging equipment, often writing off the full cost in the first year.
  • Salary sacrifice schemes - Employees can lease EVs through salary sacrifice programs, saving both the employee and employer on tax and NI contributions.
  • Reduced road taxes - Fully electric vehicles are currently exempt from Vehicle Excise Duty (VED), though this changes slightly in 2025.

What we offer at Swansway Fleet:

Here at Swansway Fleet, we offer the full model line-up from many of the world's most popular car marques with vehicles to suit all businesses. From sleek Audi executive saloons for creating the best first impression, to robust Land Rover off-roaders, you can find the ideal model for your business and motoring needs. Each vehicle is available with a choice of business contract hire, purchase and lease finance options to make your fleet cost-effective and tax-efficient.

Whether you're a fleet manager or a company car driver, our business specialists are here to help. We have many years of experience and fleet expertise and we’re always happy to answer any questions with our honest opinion and jargon-free advice giving you all the tools to make a fully informed decision. We are fully FCA-compliant and regulated, so you can relax in the knowledge that all the information we give will always be with the purpose of helping you make a fully informed decision.

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