New company car tax rates will cost the Government £100m in lost revenue over the next two years, while drivers will face higher costs from new CO2 rating.
Kwik Fit has agreed a six-year deal with Lex Autolease, the largest deal by value and forecast tyre volume that Kwik Fit has ever secured with a leasing company.
Zenith and Lex Autolease have joined the EV100 and announced ambitious plans to reduce greenhouse gas emissions across their fleets.
Fleets seeking electric cars face further frustration this year as supply constraints and production delays experienced in 2019 are unlikely to be resolved.
The UK’s largest vehicle leasing company, Lex Autolease, is planning to close its offices in Birmingham and Aylesbury, resulting in potential job losses.
Lauren Pamma has been appointed to the newly created role of electrification propositions lead at Lloyds Banking Group in its motor finance and leasing division.
The growing awareness of electric and low emission vehicles has an impact on where consumers choose to spend their money, Lex Autolease suggests.
Lex Autolease has discounted 1,000 new electric vehicles through its EV1000 cashback initiative, with more than three quarters (83%) going to fleets.
Arrival of new models to further boost demand, but concerns are raised over lack of availability.
Tax revenues rise £70m year-on-year despite figures being based on 50,000 fewer company cars.
DriveElectric has been appointed by Lex Autolease to help customers operating less than vehicles make the transition to electric cars and vans.
But tax office says new pay reporting option could have skewed figures, with fall much less than suggested.
Mitie fleet boss Simon King outlines his environmental strategy
But rising demand for ultra-low emission company cars may not save manufacturers from being fined billions of pounds by the EU for not meeting emissions target.
Lex Autolease has become the first vehicle leasing business to achieve the BSI (British Standards Institution) Kitemark for customer service.
Lex Autolease has already committed £467,000 from its £1 million electric vehicle (EV) fund since it launched at the start of the year.
By Ashley Barnett, head of consultancy at Lex Autolease
Employees in increasing numbers are opting to take cash in lieu of a company car amid year-on-year rises in company car tax, risking the Government’s green agenda.
The seminar - Another Year of Evolution - is being held on Wednesday, March 27, at the British Motor Museum, Gaydon, Warwickshire.
The company car is under pressure, but new Lex Autolease boss Richard Jones predicts a ‘shot in the arm’ thanks to EVs
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