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Electric

Electric Vehicle Leasing and Buying


As EVs become more mainstream, the costs are dropping rapidly and there are a wide variety of benefits for drivers making the switch. From the environmental impact to the savings you can make on fuel, tax and maintenance costs, electric vehicles could help you save significant amounts of money.

To help you make an informed decision, our brief guide to electric vehicles will walk you through the key things you’ll want to know:


Types of electric vehicles

PEV’s (Pure Electric Vehicles)

  • Battery powered
  • Charges via a wall socket or plug
  • No CO2 emissions
  • Best environmental option

E-REV’s (Extended Range Electric Vehicle)

  • Includes small petrol engine as a generator
  • Able to travel more miles than a PEV
  • Still mainly battery powered
  • Charge via wall socket

P-HEV (Plug in Hybrid Electric Vehicle)

  • Battery paired with a diesel or petrol engine
  • Greatest travel range (350 miles +)
  • Gives you up to 50 miles of electric power
  • Charge via plug or wall socket

FCEV (Fuel Cell Electric Vehicle)

  • Hydrogen and oxygen combustion powered
  • Only waste product is water so very environmentally friendly

Benefits

Financial
While electric cars are comparatively expensive when compared to similarly sized petrol and diesel cars, there are plenty of incentives to get you behind the wheel. Chief among these is the Government's Plug-In Car Grant (PICG). The PICG used to be £5,000 for every low-emissions vehicle, but today it only applies to pure electric cars.

For pure electric cars, the grant is £3,000 but only cars with a list price of under £50,000 qualify. Electric motorcycles and scooters have a £1,500 discount, while vans and commercial vehicles with emissions below 75g/km can have up to £8,000 discounted from their list price.

On top of this, many car makers offer favourable finance rates on EVs to encourage you to take the plunge. Zero percent finance and free wallbox charger installations are all available to help you on your way to the electric driving experience. There is also a grant available to help with the cost of fitting a charging point to your home.

Once you've bought an EV, the day-to-day running costs are significantly lower than they are for a petrol or diesel model. It's common for an EV to be charged overnight ready for a day's use, so you will be using electricity at a lower unit rate than you would during the day. It's estimated that to fully charge an EV at home will cost just a few Pounds, which is significantly less than it will cost to fill a car to cover a similar mileage.

If you're buying privately, then an EV costing less than £40,000 qualifies for free road tax. Cars over that price cost £340 a year in road tax for the first five years, but after that they are also road tax exempt.

From April 6th 2020, business users can also pay zero Benefit In Kind (BIK) company car tax on pure electric cars and the PICG still applies to company cars. In comparison, a petrol car that emits 100g/km of CO2 will have a BIK tax rate of 23 per cent, while diesels are 4 per cent higher than petrol across the board.

Environmental
The big attraction of an EV is the fact you are doing mile after mile of emissions-free driving. When you're on the move, the EV system is a 'closed loop', meaning that the battery drives the electric motor and powers all of the on-board electrics, but doesn't produce any waste material. EV’s are obviously much better for the environment and much more future proof than a combustion based petrol or diesel engine.

Driving Experience
Thanks to the instant torque delivery of an electric motor, most EVs feel surprisingly quick away from the lights. Simply press the accelerator, and the car will sprint forward on a wave of torque with nearly all-electric cars boasting superior acceleration feats compared to their petrol/diesel counterparts. The fastest models such as the Tesla Model S can deliver sub-3 second 0-60 times in their most powerful guises.

Furthermore, there is little to no noise pollution emitted from EV’s, which some may find unnerving however it does make for a more pleasant and relaxing driving experience.


Our Latest Electric Vehicle Hire

Renault ZOE

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With a 52 kWh capacity, the battery in New ZOE allows you to drive up to 245 miles. Ideal for daily commutes and long trips alike, New ZOE offers drivers all the benefits of an electric vehicle along with the ability to drive with confidence. Utilise the new B-mode driving mode to maximise regenerative braking and turn your stopping energy into driving energy.

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