Electric Vehicles – is it now or never?

After almost two years of a global pandemic, the world is now facing new challenges in the form of high fuel costs.

Electric vehicles (EVs) offer an opportunity to replace fossil fuels in the transport sector and will undoubtedly transform both business and personal running costs.

Electrification of the transport sector can also bring benefits in terms of increased energy efficiency and reduced local pollution, not to mention contribute to your efforts of becoming a carbon neutral business.

Since the beginning of 2022 dealerships are seeing a surge in demand for new cars and, in most cases, this demand is for electric vehicles.

This year we will see a revolution in new-car selling: for the first-time car makers will place the CO2 output of each model in their ranges at the top of their priority list – a big coo for the planet.

Based on UK government announcements, the country has set a target to ban new petrol and diesel car sales by 2040. The government is also seeking to reduce carbon emissions to zero by 2050, and electric cars will play a huge role in this scenario.

Another upside to going electric, the Electric Vehicle Home charge Scheme (EVHS) recently updated their incentive programme, with higher grants and to include vehicles eligible under the Plug-in Taxi Grant. Grants of up to 75% of the costs of purchase and installation of approved charging points are available for people who own a new and eligible electric vehicle.

Did you know that you can lease your electric vehicle charging point?

By leasing your charging point, you will eradicate the up-front cost and earn the freedom of diverting your investment into other, more profitable business activities.

Also, by leasing your EV charging points you will earn the added benefit of offsetting each monthly payment against corporation tax, providing even greater savings and financial benefits for your business.

Are you a supplier of EV Charging Points?

Watch the Lease Group Video to learn more about how we make equipment and technology finance run like clockwork for over 850 suppliers nationwide.