Solihull-based V12 Vehicle Finance (V12VF) has committed to introduce EVs and hybrid vehicles to its company fleet car strategy, as part of its plans to reduce emissions.
The vehicle finance firm pledged to convert its fleet of 21 vehicles to either EV or hybrid by June 2024, ahead of the government’s 2030 target of no new petrol and diesel vehicle sales.
Currently 30% of its sales team have opted for a full EV and 65% for a plug-in hybrid, making the fleet 95% sustainable and efficient.
In the next six months, the company aims to reduce overall omissions by 70-80% in comparison to its fleet. It will set 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.
According to V12VF, the move will also create financial savings for the business and its drivers, within fuel costs, benefit-in-kind and employer NI contributions. It predicted if the average employee travels 3,000 miles a month in an EV, they’ll be saving around £250 monthly in fuel costs, as well as reducing CO2 emissions by 0.5 tonnes.
Field and head office-based employees will be able to choose from a range of makes and models, including BMW 330e, Mercedes-Benz C-Class and Tesla Model 3.
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.”
