Green car leasing is becoming ever more popular due our desire to look after our planet as well as to reduce our costs. The electric vehicle market is the most rapidly growing sector of the car market and with recent advances in battery technology and therefore 'real world' range, an electric car lease now makes financial as well as practical sense.
Here at Click4 Car Leasing, we offer you some of the most affordable electric car lease deals from all over the UK.
There are essentially three different types of green car, and which one you choose should be determined by what type of driving you do and how often you use the car.
As the name suggests, these cars are powered purely by a battery and electric motor, and there is no petrol or diesel powered engine on board. This type of car is ideal for shorter journeys where the vehicle can be frequently charged at home and it comes into its own if you have the ability to charge it from solar energy. The latest cars from most manufacturers will have a real-world range of up to 250 miles on a full charge.
A hybrid car uses two or more power sources, such as a petrol or diesel engine to drive an electric generator that in turn powers and electric motor. The principle behind this is that the different motors work better at different speeds; the electric motor is better at generating power for acceleration, whilst the petrol or diesel engine is better for maintaining higher speeds. Switching from one to the other at the appropriate time ensures that each of motors is being used in its most efficient capacity, which results in an increase in overall fuel efficiency. These types of vehicles are more suited to longer journeys where the range of a purely electric vehicle may not be sufficient.
A plug-in hybrid electric vehicle (PHEV) is a hybrid electric vehicle whose battery can be recharged by plugging it into an external source of electric power, as well as by its on-board engine and generator. Similarly to all-electric vehicles, plug-in hybrids displace emissions from the car tailpipe to the generators powering the electricity grid. These generators may be renewable, or may have lower emission than an internal combustion engine. Charging the battery from the grid can cost less than using the on-board engine, helping to reduce operating cost.
Company car tax (also known as Benefit in Kind Tax) is based upon the P11D value of the vehicle, the CO2 emissions and the employee's income tax band. At present, you can make significant savings by choosing a low or zero emissions plug-in vehicle over an equivalent petrol or diesel vehicle. The BiK tax rate is set by HM Treasury and had significant changes in April 2020, when the savings on pure battery and efficient plug-in hybrid electric vehicles increased significantly. We are sure this is set to further accelerate the demand for electric vehicles in the company car market.