With the new car tax changes introduced in April this year (2020), many business owners are now seriously looking at installing new or extra car charging points. Our team at Greenpoint are well-positioned to help businesses in London and the South East as we are a leading car charge point installer for both business and residential needs.
The changes to car tax and the new tax breaks being introduced for electric vehicles will help to further incentivise businesses that want to change over their fleet vehicles from petrol and diesel to electric. According to industry experts Cenex, due to the increasing uptake of electric vehicles among business users, extra car charging points will be needed to help keep up with demand.
There is no surprise that the new car tax updates introduced this April were created to encourage the use of more electric vehicles on our roads. For business owners, all-electric models, regardless of price, are now tax-free thanks to the removal of the company car tax premium of £320.
The new car tax changes will see electric cars become more affordable to run for business owners, especially since petrol and diesel vehicles will be set for a rise in car tax under new rules about how vehicle emissions are calculated.
Turning motorists away from petrol and diesel
The car tax changes could start to turn many motorists away from replacing their old petrol and diesel cars with new ones, but instead, tempt them into buying electric cars because of the extra car tax financial savings.
While all this encouragement is great for the environment and reducing emissions from petrol and diesel cars, the extra uptake in electric vehicles may put extra pressure on electric charging points as they may not be able to cope with the increased demand.
Industry experts Cenex are warning business owners that they will need to make a rapid decision on installing car charging points as the country shifts away from using traditional vehicles in favour of electric cars.
Car allowances for business
As a leading car charge point installer, Greenpoint has already seen many businesses shift from petrol and diesel fleets towards introducing electric company cars and we are increasingly being asked to install electric charge points on many business premises.
What business owners need to consider is that if their employees run an electric car, their needs will shift from cash for car allowances for petrol. This means that your business will have a greater demand for more company car charging points
Of course, business owners will need to survey and assess their premises to make sure they have enough space to install or add extra car charging points and then work out new company policies to implement around their use.
A free survey from Greenpoint
The great news is if you are a business owner that is considering installing your first car charging points, or you need to install more charging points to keep up with demand, you can contact us to get a free survey from Greenpoint to help assess your needs.
You need to make sure that you position your new car charging points in the right place to avoid the risk of employees blocking access to the points or positioning the charge points where they are difficult to reach once installed.
This is why you also need to devise and implement a new company policy about the use of charge points to prevent employees from parking all day at a charge point long after the car has been charged with sufficient power, therefore blocking other employees from accessing the point.
Business owners should also be making their employees aware of the new car tax changes and try to identify which department or key employees would benefit most from making the switch to electric vehicles.
Making a shift towards electric cars
According to research from DriveElectric, eight out of ten businesses they surveyed said they are likely to move towards electric company cars. But according to a report by motoring firm Lex Autolease, the main reason for people’s reluctance to purchase an electric car was the lack of convenient charging stations.
This is why it is important for business owners to anticipate and manage the rise in demand for electric cars by installing new, cutting-edge, future-proof charging equipment through specialist companies such as Greenpoint.
Going forward, working with Greenpoint you will be able to identify how many car charge points you may require to ensure you meet with increasing demand. A system for working out your company car charging costs should also be worked out to ensure your business isn’t hit with heavy costs, especially where employees use company vehicles for both work and domestic or leisure activities.
While the new car tax changes will most certainly incentivise the switch to electric cars with business owners, helping them to become more environmentally sustainable, they will also need to plan well ahead to make sure there is a smooth transition in place as more electric cars are adopted for both business and personal use.
The new car tax changes have been long called for by existing electric car owners, especially when the previous benefit in kind tax regime didn’t benefit low emission vehicle users. Now it is expected that more company car drivers will likely make the switch to electric, if not to reduce emissions but for the great tax savings.
Contact our friendly team at Greenpoint, the leading car charge point installer in the southeast to discuss your needs.