The Benefits Of Using An Electric Vehicle For Your Business

Electric vehicles have come a long way in the past few years. One thing that has remained fairly consistent is the price tag; purchasing an electric car or van generally costs more than a similar vehicle that runs off of petrol or diesel....


The Benefits Of Using An Electric Vehicle For Your Business

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Obviously, owners then save money over time by having an electric vehicle. The fact remains, though, it can be hard to make that initial investment. If you are truly interested in an electric vehicle, you could receive a grant to help you achieve your goal.

Grants
As a business, you could be eligible to get as much as 25 percent off the price of the electric vehicle. The car you buy can then be added to a fleet or can function as a company car. There are a lot of vehicles to choose from on the market, so it is essential to do your research and figure out what you want.

If you are interested in a van rather than a car, you could get 20 percent off the price tag through a grant. Many businesses are interested in vans, because they can transport large or bulky items.

Tax Benefits
When you add an electric vehicle to your business, you may be eligible for tax benefits. For example, you could be exempt from a company car tax, fuel benefit charge or van benefit charge.

In addition, you can write the full price of the electric vehicle down on your tax forms, so for many, this purchase is more than worth it in the end. You may also find that company fleet insurance is cheaper than it would be with a petrol or diesel car.

There are also other benefits for businesses as well. If you do your research and search carefully, you may be able to find an electric vehicle that allows you to lease a battery. You will pay less up front, which means that the vehicle may be more in your price range.


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