By going green, companies and drivers can make significant savings, however it is essential to conduct a careful and thorough financial analysis of the best funding solution.

As an example, the financial benefits of Salary Sacrifice are very strong, and will remain so in the coming years, thanks to the Government’s hugely attractive benefit in kind (BIK) rates on ultra-low emission and electric vehicles; effectively anything under 50gsm/km CO2.

For companies that buy their vehicles outright, now may be a good time to fix future costs through a contract hire agreement.

For drivers opting out of the company scheme, is now a good time to introduce a personal leasing scheme that will encourage them into greener vehicles?

An in-depth financial review of the impact of adding electric vehicles into your fleet will vary company by company and it’s important to look broadly at how you fund and operate your entire vehicle fleet and whether long-term savings can be made by not only moving to EVs but reviewing the funding method too.

As part of our financial review, our 0Zone experts will be looking at key areas including:

• A financial review of your current fleet
• Consideration of contract hire, ownership, salary sacrifice, cash in lieu/personal contract hire
• Whole life costs to establish the real financial impact of ULEVs and EVs
• An analysis from both the company and the driver’s perspective