6
GREEN YOUR COMPANY
CAR FLEET
With oil prices at record levels, making the switch to low- or zero-emission vehicles for your
company fleet is no longer a mere nod to corporate responsibility. Recently introduced tax
breaks for greener company cars make this an area where major savings can be made.
More than half of the cars registered in the UK each tonnes in transport emissions of carbon dioxide.
year are company vehicles, making their nationwide For London-based companies there is an additional
impact (both financial and environmental) significant. motive: the Central London Congestion Charge. Zero-
While the initial cost of buying a typical company and low-emission vehicles are exempt from the daily
car fleet would be a fraction higher for green cars, £8 charge, resulting in large savings over a year.
the additional cost would be more than offset by the With congestion charging schemes set to be tried out
immediate financial advantages. in other major UK cities, this bonus may also soon
extend well beyond the capital.
Research by the Energy Saving Trust suggests that
savings could total more than £3 billion per year, if all Not only do green cars make serious financial and
British companies switched to low- or zero-emission ecological sense, hybrids and electrics are taking the
cars (those which release less than 120g of carbon place of monster 4x4s as motoring status symbols.
dioxide per kilometre). The tiny, toy-like G-Wiz electric car gets the sort of
admiring looks once reserved for expensive sports
Employers would save £250 million a year in reduced convertibles. Even in smoggy Los Angeles the Toyota
National Insurance contributions and £780 million Prius, once derided as the Toyota “Pious”, has become
through reduced fuel consumption. Employees would the ride of choice for a growing number of Hollywood
gain £645 million each year through reduced Benefit A-list stars.
in Kind (BIK) income tax contributions, and save £1.2
billion in fuel bills of company cars driven on private
time. There would be a reduction of almost 5 million
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