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Businesses are no different to personal customers / consumers with electric cars; they demand value, quality and robust information. When it comes to fleet and salary sacrifice deals, there is an equal amount of observation on the cost of the vehicle (payments/rentals) as well as the key running costs.
The financial reasons for moving to zero-emission automotive solutions is somewhat apparent and both the employer and employee do mutually enjoy some clear benefits. For the employer, this offers great corporation tax incentives, lower fleet running costs and of course a robust “green” commitment.
For employees, the significant company car tax savings (via company car or sal sac) makes it a sensible route. Plus the actual driving experience of the pure electric option is now more compelling with thrilling 0-62 times, incredible power (shown as kW) and a whole host of tech. These are not a compromise vehicle.
But in the last 2 years, there has been a noticeable swathe of more expensive cars being released by car manufacturers. Because of the investment required to move their vehicles across to lithium batteries, many have released cars well in excess of £40,000, making this unaffordable for many consumers but also for many fleet and SMEs.
While luxury and performance cars have added credence to the electric car movement, the actual mass adoption is contingent on practical cars which do cost between £20,000 - £30,000, so that they effectively replace our historic mainstays like the Ford Fiesta, VW Golf and Nissan Qashqai (which sit well within this amount).
And the Mercedes-owned Smart brand have recognised this with the latest addition to their hashtag 1 (#1). While the original offering included a 62 kWh battery option in the standard and Brabus model, these are both more expensive cars as shown below:
However, to keep this price competitive with the other comparable options - the MG4 , Cupra Born , VW ID3 and Mini Electric - the group have confirmed a more affordable £31,000 model to be made available. For leasing customers, this makes monthly obligations of sub £300 far more possible, which is necessary to meet the value of the other great EV hatchbacks.
The smaller battery will meet the Pro+ specification, which means the panoramic roof, parking sensors, parking camera, climate control, adaptive cruise control and other features are likely to be included! Where EVs are making inroads, particularly in the hatchback segment, is with the level of specification and equipment offered. Many offer well in excess of what we are accustomed to with our combustion models
This RWD hatch will have a 47 kWh usable battery which will offer 0 – 62 times of 6.7 seconds, 112 mph top speeds and 200 kW (or 268hp). Expect a combined winter range of 135 miles with warmer weather allowing for 180 miles. On charging, the 7.4 kW AC max will allow 7 hour and 30 minute 0 – 100% charging times with the 130 kW DC maximum allowing 32 minute 10 – 80% times. A cargo volume of 323L is available with this car. It has a vehicle fuel equivalent of 138 mpg. This EV will have no Bidirectional charging. And the car will not be able to tow.
Comparing petrol and diesel vs electric is a crucial part of the Whole of Life cost analysis. To simplify this for all of our business customers, the e-car lease website will set out a full charge cost (on a standard domestic tariff) and again on our innovative EVC™ (Electric Vehicle Certificate). The way to calculate yourself is actually somewhat simple in that you take:
The size of the battery will influence elements like vehicle weight and range but, as highlighted above, it enables you to appreciate the amount of energy you will need in order to fully charge. So a 47 kWh battery like the new Smart 1 would cost:
So where you charge, and when you charge, is very important with an electric car. Unlike a petrol or diesel, you have the freedom to make a practical decision which can save you hundreds or even thousands of pounds on your running costs.
And this is without taking into account renewable solutions like solar panels which allow you to charge your EVs for free! For best practice, before you get your EV, ensure you familiarise yourself with the charging costs and location at home, work and in the public network, so you can accurately compare.
For more details on the leading Smart #1 deals just head to our dedicated deals section - or call our electric expert leasing team here at e-car lease, on 01942 910 001
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