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Switch your business vehicles to electric

The UK Government announced on the 20th September 2023 that from 2035 onwards the sale of new petrol and diesel cars will be banned. This has huge implications for any business, large or small, that has a vehicle fleet and a Business Contract Hire (BCH) agreement.

Transitioning to an business electric vehicles for your fleet, fully or partially might seem a daunting proposition, so it’s important to look at what this might entail.

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A phased approach to business electric vehicles

Firstly, the existing petrol and diesel vehicles in a fleet can be returned in a process of “natural wastage” as the contract for each one comes to an end, so it’s not a matter of going electric overnight, electric could be phased in. 

ElectriX and its leasing partner, CBVC, will be happy to discuss your needs. CBVC is able to supply almost all makes and models of electric car in pretty much any number, tailoring the vehicles to your business’ requirements.

Business electric vehicle plugged in a rapid charging point

Charging business electric vehicles

Charging can be a factor that sometimes makes both businesses and individuals hesitant about buying or leasing an electric car. But some models now have a range of over 300 miles, though these will probably be within the higher price range, but many cheaper models will do 200-250 miles on a single charge. 

Developments in battery technology mean there will be a gradual improvement to the range of cars as they come onto the market. 

If your business is switching its vehicles to electric, you may need to think about installing charge points at your employees’ homes and/or your business premises. ElectriX can help you with the installation of Indra smart chargers for employees’ homes. Anyone with an electric car should also consider their electricity provider’s tariffs and whether it’s worth switching to an EV-friendly, off-peak energy tariff, which makes it cheaper to charge overnight.

Businessman at rapid charging electric vehicle at motorway services


Switching to electric vehicles will help to boost your business’ sustainability credentials. Sustainability ratings are taken seriously by investors, shareholders and regulatory bodies, and compliance criteria such as carbon footprint is likely to become better defined over the next decade. Going electric makes a firm statement about your business’ commitment to the future of the environment.

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Cost savings

You will also save money. Leasing electric cars works out significantly cheaper than buying them, with the high purchase price and all the depreciation that entails.

Electric vehicle mileage rates can be as cheap as 2p per mile (as at Feb 2024) if your employees can charge at home on an EV-friendly, off-peak tariff.  Electrifying your fleet will eliminate your reliance on fossil fuels and possibly lessen your company’s risk to hikes in fuel prices. You and your employees will save on tax too, with Benefit-in-Kind (BIK) tax fixed at 2% until 2025. It will then increase by 1% per year until 2028, when the figure will be reviewed.

If you think your company is ready to consider going electric, you may want to canvas employee opinions by running a short survey to understand how attractive driving electric cars might be. So here’s a quick summary:

ElectriX and CBVC can help with advice on all aspects of making the switch to electric. Find out more about the range of cars we have available for your electric car Business Contract Hire scheme.

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