From pure-electric vehicles to hydrogen fuel-cell cars, plug-in hybrids and electric-range extenders, today’s automotive market boasts a number of alternative fuel options, making the petrol or diesel debate a thing of the past. In this article, we focus on the numerous advantages of Ultra-Low Emitting Vehicles (ULEVs) and how incorporating them into your fleet could benefit your business.
Until recent years, when purchasing a car for personal or business use, drivers were often left weighing up the merits of petrol and diesel engines. For today’s Fleet Managers, however, the availability of alternative fuel types enables individuals to tailor their fleet to specific requirements and targets.
Alternatively-fuelled vehicles that run efficiently are classed as Ultra-Low Emitting Vehicles (ULEVs). The likes of plug-in hybrid and pure-electric cars, plus those with fuel-cells or electric-range extenders can all offer significant savings for your business while enabling a greener fleet.
Better still, to help stimulate the UK market and support the cost of introducing radical new automotive technologies, the Government has put incentives in place that reward motorists for switching to ULEVs.
Depending on the level of CO2 they emit, all vehicles are placed into one of three categories:
Category 1 – vehicles with CO2 emissions of less than 50g/km and a zero-emission range of at least 70 miles attract a grant of £4,500
Category 2 – vehicles with CO2 emissions of 50-75g/km and a zero-emission range of between 10-69 miles attract a grant of £2,500
Category 3 – vehicles with CO2 emissions of 50-75g/km and a zero-emission range of at least 20 miles attract a grant of £2,500
Take the new MINI Cooper S E Countryman ALL4. Our practical plug-in hybrid boasts an electric range of 26 miles and can achieve CO2 emissions of just 49g/km. The newest in the five-model MINI line-up, our first-ever plug-in hybrid lowers BIK rates to just 9%, meaning these monthly payments start at a little over £47. To put this into perspective, the equivalent diesel model sits in the 24% BIK bracket, equating to payments of nearly £100 for 20% tax payers – that’s a difference of over £600 per year.
Additional benefits of adding ULEVs to your fleet include:
- Exemption from the London congestion charge
- A 100% first year capital allowance until 31 March 2018
- No fuel benefit charge – electricity is not considered a fuel, so charging at work incurs no payable tax
Find out more about plug-in hybrid technology and the new MINI Cooper S E Countryman ALL4 at bmwbusinesspartnership.co.uk.