Fleet News

V12 Vehicle Finance commits to electrify car fleet

EV plug

V12 Vehicle Finance (V12VF) has committed to introduce electric vehicles (EVs) and hybrid vehicles to its company fleet car strategy. 

The Solihull-based vehicle finance brand has pledged to convert its fleet of 21 vehicles to either electric or hybrid vehicles by June 2024, ahead of the Government’s target of only allowing the sale of new zero-emission cars from 2030

Currently, 30% of V12VF’s sales team have opted for a fully electric vehicle and 65% for a plug-in hybrid.

In the next 6 months, the company will reduce overall emissions by 70-80% in comparison to its present fleet, with a maximum cap set of 120g CO2/km for field-based employees that do not presently have infrastructure to install a charging point at home. 

David Nield, managing director of V12VF, said: “As a company, we want to make sure we’re doing right by our customers, dealers and employees. Reducing our carbon footprint and emissions is a core part of that mission.

“We’re encouraging all of our employees to move from fuel to either hybrid or fully electric cars.

“We want to lead by example by reducing our emissions, creating cost saving opportunities for our employees and offering attractive incentives through the latest models.”

This commitment to reducing the company’s carbon footprint will also drive significant financial savings for the business and its drivers, within fuel costs, benefit-in-kind and Employer NI contributions.

For example, it says that if the average employee travels 3,000 miles a month in an EV, they will be saving around £250 monthly in fuel costs and reducing CO2 emissions by 0.5 tonnes. 

Its field and head office-based employees will be able to choose from a wide range of makes and models including BMW 330e, Mercedes-Benz C-Class and Tesla Model 3.

Click here for insight & policy best practice and procurement insight

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Related content

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee