Savings & Company Benefits

What other cost savings are associated with driving an electric vehicle?

Thanks to less moving parts, electric cars are much more reliable than their combustion engine counterparts. You don’t need engine oil, and there’s no clutch or gears, making an electric car much cheaper and easier to maintain and service compared to combustion engines.

You further benefit by being allowed to drive freely in low emission zones and avoid congestion charges thanks to zero emissions.

The batteries boast excellent longevity and reliability which is backed up by Nissan LEAF’s 8 year or 100,000-mile battery warranty (whichever comes first).

Fully electric Nissan LEAF and ARIYA are also exempt from Vehicle Excise Duty (VED), also known as car tax.

Why electric vehicles make ideal company cars

In addition to a VED exemption, company car drivers also benefit from very low Benefit-in-Kind tax bands. In the tax year 2022/23 the BiK rate for fully electric vehicles is only two percent, and it will stay fixed at this rate until tax year 2024/25. Even though the BiK band percentage is slowly rising as electric vehicles become more popular, it’s likely to remain way below the equivalent combustion engine vehicle. 

For example, if the overall value of a LEAF N-Connecta is £30,440 x two percent = £608.80. 

£608.80 x 20 per cent = £121.76 per year / £10.15 per month 

£608.80 x 40 per cent = £243.52 per year / £20.29 per month 

£608.80 x 45 per cent = £273.96 per year / £22.83 per month

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