Organisations can  generate cost savings of 25-30%, reduce tailpipe emissions by 100% and play a key role in transitioning to a zero-carbon economy. The Committee  on Climate Change predicts that low-carbon EV options can save the UK transport industry a staggering £5 billion pounds annually by 2050! Now that’s quite a saving.

Whilst organisations are looking to have a further impact on their sustainability agenda’s there is also a growing number of eco-conscious employees’ who are motivating businesses to focus on their organisational sustainability practices. Having had numerous conversations with organisations looking in to the transition to EVs, in Zoom’s experience the conversation on sustainability and reducing carbon emissions is currently equally as important as the cost discussion.

What you will see early in 2020 (when the new tax year comes in to force) is an even further pressing need from organisations to transition to EVs as there are changes to benefit in kind that provide significant cost benefits to organisations. From 2020 there will be no Benefit in Kind (BIK) charges for pure electric vehicles in 2020/21! The impact of this is that employees would pay £0 for running an EV and a business would pay less national insurance as well.

Shared EV fleets can also have a significant impact on organisations. Earlier this year Zoom ran a project with a large organisation that looked at introducing a shared EV fleet. This project found that the price per mile for EVs is significantly lower compared to ICE vehicles, when car rental and grey fleet reimbursement are being utilised by businesses. In these instances Zoom can also help organisations gain additional cost recovery by enabling organisations to ‘share’ their vehicles with their employees on weekends. Our platform is being utilised by councils and other organisations who can not only generate revenue and further interest from their employees but also impact upon their climate agenda’s by sharing. It’s win, win, win, wiiiiiiiiiiiiiiin!

What’s more here at Zoom we also benefit employees through saving them money and getting them set up with key EV services via our Electric Vehicle Services Bundle. We also help individuals and businesses with more effective insurance for their EVs too. Click here to see how Zoom can provide your business with additional benefits, exclusive deals on insurance and chargers through our award-winning partners. Please contact membersupport@zoom-ev.com for more information. 

 Written by Maya Mahmood, Zoom Business Support Analyst (04/11/2019)

Latest blog

Category: Electric Vehicles Insurance News

Female business owners adopting EVs

A growing number of female business owners have been accelerating the transition to electric vehicles. Zoom had the pleasure of helping some of these female business owners switch to EVs with our special EV insurance product.

Find out more
Category: Car Sharing Electric Vehicles Insurance

Implications of EVs on business

Did you know that there will be no BIK for electric cars next year? EVs bring both cost and emission savings, so it is a no-brainer that increasing EV uptake will be beneficial for businesses!

Find out more
Category: Car Sharing Electric Vehicles Insurance

Insurance Updates and Future Plans

It has been an incredibly busy few weeks at Zoom since we last sent out our newsletter which announced the launch of our Car Insurance Policy. Find out what we have been up to and what other surprises we have in store.

Find out more