EV Fleet

Here at Lloyd Motor Group, our dedicated Business Development Managers are here to help make running a large EV Fleet easy. With an award-winning range of electric vehicles from BMW, MINI, Kia and Volvo, we're dedicated to helping businesses explore financing options, creating bespoke packages and finding the perfect electric vehicles for your fleet.

Find out more about EV fleet cars and the benefits they can bring to you and your company.

What are the benefits of an EV Fleet?

Reducing Your Fuel Costs and Carbon Footprint

Fuel is often a fleet’s largest expense. That's why our business range comprises mild hybrids, self-charging hybrids, plug-in hybrids and fully electric cars.

No matter how you use your vehicle, there’s an Eco model to match. With the potential for huge tax and fuel savings, tools for drivers to report home-charging costs and government grants available to reduce initial costs, perhaps it’s time to stop wondering, and start driving.

Whether you want to buy or lease, our experts can provide you with the best finance options to suit your goals, including bespoke packages tailored to your business.

Minimal Benefit-in Kind Tax

Electric vehicles attract a BIK tax rate from just 2% from April 2022 until 2025, offering substantial savings potential over a three-year cycle on electric company car tax, while Plug-in Hybrids and Hybrid company car tax provide notable savings for you and your business. Find out more about the company car tax benefits of electric vehicles below.

Outright Purchase	Hire Purchase	Lease
New Electric Vehicle Corporation Tax
• First Year Allowance of 100% • When car is sold, corporation tax will have to be paid on sale proceeds.	• First Year Allowance of 100% from profits before tax. • Corporation tax savings on the interest on monthly payments.	• Monthly rental will be included in P&L as an expense which reduces company profit and therefore corporation tax.
New Electric Vehicle VAT
• VAT can be reclaimed if the car is for business use ONLY.	• VAT can be reclaimed if the car is for business use ONLY.	• Can reclaim 50% of the VAT from the lease payments if private and business use. • Can reclaim 100% if the car is for business use ONLY. • 100% of VAT can be reclaimed for maintenance.

Plug-in Hybrids Bridge the Gap

Plug-in Hybrids offer the best of both worlds; the ability to reduce fuel costs and carbon emissions (by running on electricity for a proportion of time) and giving your drivers and employees confidence when it comes to range anxiety, by reverting to the combustion engine when needed. While some businesses might not be ready for a pure electric vehicle, Plug-in Hybrids are an important pillar on the way to emission-free mobility.

Fewer Charging Worries

Charging infrastructure for Hybrid and Electric vehicles is rapidly growing, with more charging points than petrol stations in the UK. So, your employees won’t be held up with charging worries and anxiety.

The Freedom of Choice

Choosing a Hybrid car of any kind rather than a conventionally powered alternative needn’t be the big step that many might fear, because we offer a vast range of Plug-in Hybrid engines across our manufacturer brands. So, you can still pick your ideal car brand, but benefit from the cost-effectiveness and convenience of a Plug-in Hybrid for your fleet requirements.

Find out more about making the switch to Electric

Business-Friendly Benefits

It's not just low BIK electric vehicle company car tax that makes Electric and Hybrids an appealing proposition for businesses. Whichever powertrain you choose, you'll enjoy favourable running costs, improved fuel economy and lower emissions with an electric company car compared with a traditional petrol or diesel equivalent which means whole life costs for the Lloyd business range remain competitive.

Considering Hybrid or Electric for Your Business?

With a choice of advanced Electric and Hybrid powertrains, a long list of business-friendly benefits and technology that makes public charging easy, there's an Electric company car to suit your every need.

At Lloyd Motor Group, we understand that every business is different. As is every driver. So we know how important it is to have plenty of choices when choosing your next Electric or Hybrid company car.

The Lloyd business range of offers provide flexibility, with a choice of efficient powertrains and plenty of features to suit business needs and your priorities. Naturally, we believe all of the Lloyd Electric company car offer providean excellent fit for any business.

Why Now is the Time for Plug-in Hybrids

With a greater variety of Plug-in Hybrid vehicles than ever before, there's a model to impress every stakeholder; List Price, Co2 emissions, and BIK all come into play.

Further financial benefits can include lower rates of road tax, company car tax, and avoiding congestion charges. Over the life of the vehicle, a Plug-in Hybrid will make you significant savings due to lower running costs and tax benefits. The business case stacks up perfectly.

More Benefits of an Electric Company Car

VAT
• If the business pays for the repairs and maintenance of its EVs, and the EVs are used for business purposes, the VAT you are charged is recoverable as input tax. • If the vehicle is charged at your workplace, can claim VAT on both personal and business use, but the business would be liable for output tax charges on any private use.

Vehicle Excise Duty (VED
• Electric vehicles are exempt from VED, until 2025.
BIK
• List price of the car x 2% (current BIK rate for electric cars until 2025) x 13.8% (Employers NI rate). • The installation of a charging point at an employee’s home address associated with the provision of a company car is not considered a benefit-in-kind.
Mileage Rates
• Mileage on electric cars is calculated using a flat rate of 9p per mile for employer-provided vehicles. Compared to the standard rate of 45p per mile. Or 25p per mile after 10,000 miles, for employee-provided vehicles.
Electricity Expense
• Electricity expense is fully tax deductible for the company.

BROWSE BUSINESS OFFERS

Why Choose Lloyd Motor Group for your EV Fleet Cars?

Our mission at Lloyd Motor Group is to earn our customers’ loyalty through the delivery of market-leading sales and aftersales experiences that continually exceed expectations.

The Full Package

We can offer you the full range of automotive services tailored to meet your needs and requirements.

We’ve got History

Founded in 1976, Lloyd Motor Group has supported drivers for nearly half a century.

Unique Showroom Experience

The experience of visiting our showrooms is second to none, providing a relaxing environment from state-of-the-art retail and service centres.

Business Offers

Our expert team is here to help you find the perfect new electric business car with our exclusive offers, and will put your fleet needs and business priorities first.

Browse Current Business Offers