16 October 2019
Benefit in Kind company car tax will reduce to zero percent for pure electric vehicles (EVs) in April 2020. This could save drivers thousands of pounds each year in tax if they switched from a petrol or diesel car to an EV – as well as resulting in significant savings on running costs.
So what is the overall business case for electric cars and vans from a financial point of view? A Nottingham ULEV Experience event will provide a briefing about the potential cost savings that can be enjoyed by businesses switching to EVs.
The Electric Vehicle Finance Workshop will cover:
• An overview of Ultra Low Emission Vehicles (ULEVs) including range and charging infrastructure
• The total cost of EV ownership business models
• Tax incentives and financial support available
• Individual business surgeries with independent experts
• A chance to test drive a number of electric vehicles currently on the market.
The event will take place on Tuesday 29 October 2019 from 8am – 11am at Trent Vineyard, Lenton Lane, Nottingham NG7 2PX.
The ULEV Experience is funded by Nottingham City Council’s Workplace Travel Service and is a programme dedicated to supporting businesses to understand, trial and implement Ultra-Low Emission Vehicles (ULEVs).
Many local companies are already making the switch to ULEVs and are beginning to enjoy the financial benefits. To date the ULEV Experience programme has identified that 458 ULEVs could potentially be adopted within Nottingham businesses, saving a combined total of £179,720 per year in running costs and 908 tonnes of CO2 emissions. Also, electric vehicles don’t emit NOx, and therefore don’t have a negative impact on local air quality. Large numbers of new electric vehicles are coming to market over the next 12 months.
To find out more about the ULEV Experience please visit: www.ulevexperience.co.uk
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