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Stockport-based leasing.cars has launched an online fleet savings calculator to show businesses how much they stand to save by switching their fleet of vehicles to electric or plug-in hybrid alternatives.
By entering their existing vehicle make and model, businesses can use the calculator to explore how much they, and their drivers, are likely to save by updating their fleet of vehicles. Switching a fleet of even a single car can help businesses reduce Corporation Tax liabilities and National Insurance Contributions, as well as reducing personal liabilities and enabling tax savings through Benefits in Kind for colleagues.
In addition to the financial savings of switching to an electric vehicle (EV), the leasing.cars’ calculator also shows how the switch a low or no CO2 alternative will address a business’ environmental impact as more organisations commit to pursuing net-zero carbon emissions.
The launch of the fleet savings calculator has been inspired by leasing.cars’ own journey to reducing its carbon footprint over the last five years, and the financial and environmental savings it has made internally.
The business, and parent DSG Group, took delivery of its first Tesla in 2017, and now runs a nearly zero-emission fleet of over 45 electric cars, with some vehicles covering in excess of 25,000 miles each year.
DSG Group CEO Richard Hoggart said of the business’ Road to Zero journey:
“At DSG Group our transition to a zero carbon fully electric fleet started in 2017 when we took delivery of our first Tesla. It quickly became clear that transitioning our entire fleet to fully electric cars was going to deliver huge benefits. The process then took time, as we began to understand the huge economic benefit in terms of both company tax and fuel advantages and of course the taxation advantages for the driver. More recently we have accelerated the process by early terminating existing diesel cars, simply because the numbers work.
“Having a zero-emission fleet is not just economically sensible, but equally environmentally so. There is a lot of justified attention on how SME’s and corporations are managing their carbon emission footprint. Expectations are rising and we recognised this would be an excellent way to set the standard and move towards a net zero position as a company. Zero emission cars have the added benefit of not adding to air quality issues and so avoid the increasingly punitive positions that councils are adopting in major conurbations.
“For us, this transition to having a fully electric fleet of over 45 cars now has been a financial and ethical revolution. There is simply no reason to organically wait for old fleets to expire, the numbers will allow much faster transition.”
In additional to adopting its own electric fleet, leasing.cars has also moved to only offering customers cars and vans with a CO2 level less than 50 g/km to help other companies reduce their environmental impact also.
leasing.cars Switch & Save fleet savings calculator is live online here, and businesses that complete the calculation will also be able to receive a free detailed report of the savings possible from moving to electric vehicles.