Driving Down Costs
Tuesday, May 4, 2010 7:04
Investing in electric cars has never been so inviting. With Chancellor Alistair Darling scrapping taxes on electric company cars until 2015, now is the time to consider eco-friendly car options.
There are currently fewer than 50 company-owned electric cars on UK roads, which is a miniscule proportion of the fleet of over 1.1 million. with these tax incentives for businesses, this all could change.
The reduced running costs and low-maintenance design makes electric cars very cost effective. It has been reported that the savings on a £25000 –a-year car with average carbon emissions would be worth £1000 a year to the driver and £640 to the employer.
To date, the G-Wiz is the most popular electric vehicle, but it is soon to face stiff competition from Mini E and new models are being designed by Renault, Toyota and Nissan for launch in 2012.
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