Recharge your business with significant cost savings and sustainability credentials.
If you want a fleet that’s free of tailpipe emissions and reduces your total cost of ownership, electric cars are the perfect fit for your business.
With no tailpipe emissions, Jaguar I‑PACE Is a vehicle you can trust to help safeguard the sustainability of your business as well as the world beyond. In fact, out on the road it’s a compelling reflection of your organisation’s commitment to a cleaner planet.
In April 2020, the UK Government will introduce a new scale to calculate company car tax based on the number of emission-free miles they can cover. Under this mandate, Jaguar I‑PACE owners won’t pay any monthly benefit-in-kind (BIK) tax charges for the financial year 2020/21.
Compared to a petrol or diesel engine, electric vehicles have much fewer moving parts that can wear out – and that means lower servicing costs. Additionally, Jaguar I‑PACE includes a comprehensive 8-year or 100,000-mile battery warranty – whichever comes first.
Recharging an electric vehicle can cost significantly less than topping up at a fuel station. At home, you can save even more by using a home charger on a cheaper overnight off-peak electricity tariff.
Across the UK, Jaguar I‑PACE is exempt from the regular £140 road tax and any emissions-based charges, including the London Congestion Charge. In many cities, it is also permitted to use vehicle lanes and parking spaces where other vehicle access is restricted.
Employers currently pay Class 1A NICs on the taxable BIK for vehicles and private fuel provided to employees at a rate of 13.8%. Because of the lower BIK rate of electric cars, employers will pay lower NICs than on equivalent petrol or diesel vehicles.
As a vehicle with zero tailpipe emissions, Jaguar I‑PACE qualifies for 100% write down allowance. This means you can deduct its full value from your annual profits before tax.
The government’s Workplace Charging Scheme (WCS) reduces the purchase and installation cost of a new workplace charging point by up to 75% (capped at £500 per point). A business can claim a maximum of 20 single charge points or 10 double socket charge points.
If you have any questions about how Jaguar electric cars can benefit your business, please contact our dedicated Fleet & Business team.
*Subject to Government / authority qualifications and revisions.
