THE benefits of electric vehicles (EVs) can be best demonstrated to SME small fleets, and consumers too, by using short-term leasing to try the technology.
Short-term leasing – when you rent a car for a period of between one and three months – allows drivers to ‘try before you buy’. And, according to new mobility provider SOGO Mobility, will convince drivers about the low running costs and the amenable driving dynamics of an EV.
SOGO, which is a provider of flexible car subscriptions, says that 35% of its fleet will be electric, and that it anticipates this will increase over the coming months.
Karl Howkins, the Managing Director of SOGO, says that the ability to use an EV for a month or two can overcome some of the perceived barriers to leasing an electric car.
He added:
“Sales of new electric cars are increasing exponentially with some fleet companies reporting they account for 30% of all sales. However, private motorists and smaller fleet owners, will still face concerns around range anxiety and using new technology.”
The latest figures from the SMMT saw battery electric vehicles (BEV) registrations increase 185.9% in 2020, accounting for 6.6% market share, an increase of 5% on 2019.
EVs attract extremely low rates of benefit in kind company car tax. For the 2020/21 tax year the percentage rate is 0%, rising to 1% for 2021/22.
For more on the taxation advantages of EVs, read our feature How To Drive A Company Car And Not Pay Company Car Tax.
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