EV 101 – Charging an electric company car

29th May 2020
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In the UK, figures show that up to the end of November last year 53% of cars sold went to fleets, and so for businesses the pressure and responsibility to transition towards a greener, more efficient fleet, has already begun. Thanks to Clean Air Zones and Low Emissions Zones being rolled out across the country in various forms, it’s just a matter of time before we are all required to step up our low (or zero) emission game and businesses who run company cars and vans, whether company-owned or grey fleets. 

So very soon, your company will be going electric…but what next? What does that mean for you as a driver? We are here today to answer all your EV company vehicle questions! 

Q: How do I charge my electric company car?

To charge an electric car, you’ll need to plug it into an EV charging point. An EV charge point is basically like a normal plug socket, but it can handle a higher voltage. In the UK there are four main places you can find these; at home, at work, at public locations and at service stations.

If you have a place to charge your car at home, like a driveway or a garage, it’s likely you’ll do 80%+ of your charging there, using public charging only for when you need to top up on longer journeys.

Q: How do I claim expenses for the electric used at my house by an EV? 

A: If your company has signed up for Mina’s fleet charging tool, you don’t – our system means we charge your employer directly for exactly what energy was used to charge the car, and we credit this directly to your energy account. All you’ll need to do is enter your personal and business miles into the dashboard at the end of the month.

If you’re not with Mina, you’ll more than likely have to rely on the HMRC advisory rate for electric vehicles which is 4p per mile. Unfortunately that doesn’t necessarily reflect the cost to you of the energy used to charge the vehicle.

Q: What if I need to top up on the road – How do I claim for expenses from charging my EV at a shop or service station?

A:  If you top up with one of our roaming partners, you won’t need to pay for anything yourself, just use your Mina Chargepass and the costs will be charged back to your employer.

Read more about our Chargepass.

Q: Won’t my electric bill at home be sky-high with an EV?

A: No, we split the supply so your home bill won’t be impacted – you won’t see the extra costs on your energy bill as your employer will pay them directly.

Q: Will my tax be negatively impacted with an electric company car?

A: Exactly the opposite – you’ll save money! The Government says that company car drivers choosing a pure electric vehicle will pay no benefit-in-kind (BIK) tax in 2020/21, and rise to 1% and 2% in 2021 and 2022 respectively. This compares to 37% BIK at the opposite end of the emissions scale. That means for a pure electric vehicle with zero tailpipe emissions, company car drivers will save literally thousands of pounds a year by making the switch to Electric.

Read more on the new tax rates.

Q: I’ve got solar panels. How will that work with my electric vehicle?

A: We split your energy supply to make sure that we cover the cost of charging your EV at home using off-peak energy from the grid. This means that your solar energy will remain yours, and that you’re not diverting your home energy to charge your car. In theory, you shouldn’t even be able to tell the difference to your electricity usage at all! Same green electric for you, same relationship to the grid for any pay backs. We’ll manage the car! 

Charging your EV at home is like paying 22p for a litre of diesel, so along with the new tax rates not only does it pay to switch as an employee, your employer will be saving money too! It’s a win-win: Save money, use greener energy and take the hassle out of expenses! What are you waiting for?