Company Car Research

Alternative Solutions to Traditional Fleet Problems There’s a simple truth about company cars – drivers love them Put aside the ongoing angst about high BiK tax rates and there’s nothing like the reassurance of driving a new, well-maintained, fully insured vehicle provided by somebody else. This isn’t just anecdotal either, in a recent CLM survey1 of over 300 individuals eligible for a company car, more than three-quarters stated that they saw this as a valuable benefit and only 12% said that they were unlikely to take a company car in the future. And this is great news for businesses. Not only does it provide them with a clear steer in terms of what to include in their benefit packages, [...]

Drivers Increasingly Receptive Towards AFVs

Power of the People – the Rise of Alternative Fuel Vehicles The world is changing. Whether in politics or the world of sports - established orders are being challenged. And the world of transport is no different, with the mass uptake of alternatively fuelled vehicles (AFV) fast approaching. Recent survey results from CLM show that drivers are more receptive towards AFVs than ever before. Almost 90% of UK drivers believe that, in 20 years’ time, most or all vehicles sold will run on alternative fuels and 66% said that they definitely won’t, or are unlikely to, choose a diesel option as their next car. Unsurprisingly, the biggest driver of these changing attitudes to AFVs is the UK’s increasing environmental [...]

ULEV Tax

Understanding the Tax Benefits of Ultra Low Emission Vehicles The term ULEV (Ultra Low Emission Vehicle) has been around for some years now, often used by the Government to categorise those vehicles which gain preferential treatment for tax purposes. While the definition of a ULEV has remained consistent; a vehicle that emits 75g CO2 or less for every kilometre that it travels, the tax treatment has changed considerably, so it’s worth taking some time to understand exactly how the various rules apply. Company Car Benefit-in-Kind Tax ULEVs currently fit into one of two Benefit-in-Kind tax bands; 0-50g/km or 51-75g/km CO2. For a petrol car, just sneaking under the 75g limit, the company car driver would be taxed at 19% [...]

Company Car Tax Update: July 2019

No Company Car Tax for Electric Vehicles for 2020/21 The Government has today announced that, from April 2020, company cars producing no CO2 emissions will attract a zero percent Benefit-in-Kind (BiK) tax rate, replacing the previously published rates of 2%. The zero percent rate will also apply to vehicles, first registered from 6 April 2020 and producing between one and 50g/km of carbon dioxide, that are capable of more than 130 miles on battery power alone. These rates will then increase to 1% for 2021/22 and 2% for 2022/23 for vehicles registered after 6th April 2020. The Government has also provided clarity on the BiK rates for all company cars up to and including the 2022/23 tax year, providing [...]

Alternative Fuel Vehicles – Driver Research Findings

Consideration of AFVs Outpaces Drivers’ Understanding of the Technology In a recent piece of CLM online research, we discovered that more than 60%1 of company car drivers intend to choose an Alternative Fuel Vehicle (AFV) rather than a petrol or diesel when they next change their car While this high proportion is somewhat surprising, there are a number of factors currently operating in the AFV market that could go some way to explaining the strength of sentiment: There’s a burgeoning amount of choice in the AFV market; with more than 40 models currently available in the UK and with manufacturers set to increase this by at least 50% by the end of 2019. With more choice comes greater [...]

Google Maps Boost for EV Drivers

Google Guides EV Drivers Up until now, the go-to source for information on UK EV (electric vehicles) charging facilities around the country has been Zap-Map, a UK-based platform which provides information on the whole topic of electric vehicles and their green potential. This app has static map images showing the location of charging stations, but not their status. However, on Tuesday 23rd April 2019, Google Maps introduced the latest innovation for the drivers of EVs. Simultaneously in the US and the UK, the American multi-national technology company Google LLC launched a new real-time addition to Maps which will assist EV drivers in finding available charging stations and a lot more. All the major charging networks are included, plus businesses [...]

Plug-in Car Grants: Latest Changes

Government Announces Shake Up of Plug-in Car Grants The Government’s Office for Low Emission Vehicles (OLEV) has announced significant changes to the grants available for plug-in vehicles. The changes were due to come into effect from 9th November but were brought forward to 21st October due to what has been termed, ‘exceptional demand’, as individuals and organisations sought to qualify for the old, more generous grants. Through the modifications to the scheme, OLEV has extended the availability of purchase incentives to the next 35,000 cars, but reduced the number of vehicles that are eligible and the maximum value of the grants. The previous grants provided different levels of incentive depending on the vehicle’s CO2 emissions and the distance that [...]

Is Your Fleet Policy Up To Date?

Why Now Is The Right Time To Review Your Fleet Policy With the huge changes in the fleet landscape over recent months, fleet decision-makers have been under significant pressure to make critical decisions for their businesses and keep their drivers informed and reassured about the potential impacts on them. At times like this, it can be hard to take a step back to assess the wider implications of change but, paradoxically, now is exactly the time to ensure that the guiding principles on which the fleet is run are up to date and fit for purpose. In this blog we look at some of the most pressing issues for fleet decision-makers and how these should be reflected in fleet [...]

HMRC To Introduce Advisory Fuel Rates For 100% Electric Cars

100% Advisory Fuel Rate Introduced For Electric Cars HM Revenue and Customs (HMRC) is to introduce an Advisory Fuel Rate (AFR) for 100% electric cars from September 1 this year of 4p per mile, following pressure from the fleet industry. The new Advisory Electricity Rate will be published alongside AFRs for petrol, diesel and LPG (liquefied petroleum gas) cars and, as before, will be based on engine size. However, plug-in hybrid and hybrid cars will continue to be treated as either petrol or diesel models for mileage reimbursement purposes, and will not have their own AFR, despite the industry also lobbying for their introduction. What are Advisory Fuel Rates? AFRs apply where employers reimburse employees for business travel in [...]

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