Electric Vehicle Leasing: Fixed Costs, 4% Benefit in Kind
Business Electric Vehicle Leasing with fixed monthly payments, no depreciation risk and the lowest company car tax available. From your first EV to a full fleet transition, VCEA advises on the right vehicle, the right charging setup and the right numbers before you commit.
Should You Go Electric?
Why choose an electric vehicle for your business?
Switching from a petrol or diesel car to an electric vehicle is a bigger change than most people expect coming from a conventional internal combustion engine, but for the vast majority of business drivers, it pays off quickly in tax savings and running costs.
We speak with business owners and company car drivers every week who are weighing up the same questions: how much will charging really cost, is the range good enough for their journeys, do they need to download an app for every charging network, and are EVs actually reliable? This page answers all of them.
Electric Vehicle Leasing works in exactly the same way as our standard Business Contract Hire: fixed monthly payments, no depreciation risk and the car simply returned at the end of the agreement, with the added benefit of the UK's lowest company car tax rates.
Why UK businesses are switching to EV
- 4% Benefit in Kind rate for 2026/27, the lowest of any fuel type
- Lower running costs, especially when charging at home or work
- Fewer moving parts than a petrol or diesel engine, less to go wrong
- Expanding charging network across East Anglia and the wider UK
- Zero direct exhaust emissions, no Clean Air Zone charges
- Supports business sustainability and ESG reporting goals
VCEA can talk through whether an EV genuinely suits your mileage and charging access before you commit to an agreement.
How it Works
A straightforward leasing process, built for EVs
From choosing the right vehicle and planning your charging, through to delivery and renewal, VCEA manages the process on your behalf, minimising administration and keeping you informed at every stage.
Choose Your Electric Vehicle
Select the EV that best suits your business or your driver, matched to daily mileage and range needs. Our independent status means we compare all major manufacturers, not just one.
Plan Your Charging
We talk through home, workplace and public charging options so the vehicle fits your driving pattern from day one, including realistic running cost estimates.
Set Your Contract Length
Most businesses choose 24 to 48 months. We help determine the most cost effective option based on mileage, usage pattern and budget.
Agree Your Annual Mileage
You estimate the miles the vehicle will cover each year. An accurate mileage allowance ensures payments are calculated correctly and avoids excess mileage charges.
Optional Maintenance Package
Add a package covering scheduled servicing, tyres, brakes, MOT testing and breakdown assistance, spreading all running costs into one fixed monthly payment.
Finance Approval & Order
Once your quotation is accepted, the finance provider carries out credit assessment. VCEA manages this on your behalf and keeps you updated throughout.
Delivery to Your Door
Your electric vehicle is delivered directly to your premises anywhere in the UK. No dealership visit required.
Fixed Monthly Rentals
Throughout the agreement you benefit from fixed monthly costs, low Benefit in Kind tax and no concern about future resale values.
Charging & Running Costs
Charging your electric vehicle: what it actually costs
The charging network across East Anglia and the wider Peterborough area has expanded rapidly, with fuel retailers, supermarkets and shopping centres all installing new chargers alongside the existing public network. Here's what you need to know before your EV arrives.
Home Charging
The cheapest way to charge, particularly overnight on a dedicated EV electricity tariff. Some providers offer rates from as little as 7p per kWh during off peak hours, a fraction of the cost of forecourt fuel.
Workplace Charging
Many businesses install charge points on site for staff and fleet vehicles. This is typically cheaper than public charging and gives you full control over when and how vehicles are topped up.
Public & Rapid Charging
Useful for longer journeys, but pricier. Rapid and ultra rapid chargers in towns and cities can cost 60p to 70p per kWh. Public and destination chargers at supermarkets and retail parks often sit in between.
Charging Apps & Access
Most networks require an app or an RFID card to start a session and take payment. A growing number of rapid chargers now accept contactless bank card payment directly, with no app needed at all.
Finding a Charger
Independent tools such as Zap-Map and Chargefinder let you locate public chargers by location, connector type and availability, useful for planning longer trips outside your usual charging routine.
Reliability & Servicing
EVs have far fewer moving parts than a petrol or diesel engine, which generally means less to go wrong and lower servicing bills. Our optional maintenance packages keep the vehicle on the road with predictable costs.
Why Leasing?
Why businesses choose Electric Vehicle Leasing
Electric Vehicle Leasing combines the tax and running cost advantages of going electric with the flexibility, predictable costs and low administration of Business Contract Hire.
Lowest Company Car Tax
Fully electric vehicles attract a 4% Benefit in Kind rate for 2026/27, dramatically lower than the rate for equivalent petrol, diesel or hybrid company cars, reducing tax for both employer and employee.
Protect Your Cash Flow
Replace a large capital purchase with manageable monthly rentals. Working capital stays available for the business, not tied up in a depreciating vehicle or expensive home charging infrastructure.
Eliminate Depreciation Risk
The finance company accepts the depreciation risk on a fast evolving vehicle category, not your business. No exposure to the used EV market or concerns about future battery values.
Lower Running Costs
Electricity, especially charged at home or work, is typically far cheaper per mile than petrol or diesel. Servicing costs are usually lower too, thanks to fewer moving parts.
Support Sustainability Goals
Zero direct exhaust emissions help businesses meet ESG commitments, avoid Clean Air Zone charges and demonstrate a credible sustainability story to clients and staff.
Scale as You Grow
Whether you need one electric company car or a full fleet transition plan, VCEA scales with your business, adding vehicles as you grow without tying up additional capital.
Who We Help
EV leasing for every type of UK business
From a single director's first electric car to a nationwide fleet transition, Electric Vehicle Leasing is available to virtually every type of business or organisation in the UK.
Tax Considerations
Benefit in Kind and other EV tax advantages
Electric vehicles currently offer the most tax efficient way to run a company car in the UK. Tax treatment depends on individual circumstances. Always seek advice from your accountant or tax adviser.
| Tax Year | Fully Electric BiK Rate | Typical Petrol/Diesel BiK Rate |
|---|---|---|
| 2025/26 | 3% | 18% to 37% |
| 2026/27 (current) | 4% | 18% to 37% |
| 2027/28 | 5% | 19% to 38% |
| 2028/29 | 7% | 20% to 38% |
| 2029/30 | 9% | 21% to 39% |
We are currently in the 2026/27 tax year. Rates shown reflect HMRC's confirmed schedule following the November 2025 Budget and may change. Petrol/diesel rates vary by CO₂ emissions band. Figures are illustrative. Always confirm current rates with your accountant.
VAT Recovery
VAT registered businesses may reclaim up to 50% of the VAT on qualifying EV rentals where there is any private use element, or up to 100% where the car is exclusively for business use. For electric vans, 100% VAT reclaim is typically available.
Corporation Tax
Monthly EV lease rentals may generally be treated as an allowable business expense, subject to current tax legislation. This is often a more tax efficient way to fund company vehicles than capitalising a purchase.
Salary Sacrifice
EV salary sacrifice schemes combine income tax and National Insurance savings for employees with the 4% BiK rate for 2026/27, often making it one of the most cost effective ways for staff to get a new car.
Tax treatment depends on individual circumstances. Always seek independent professional tax advice before entering into any finance agreement.
Popular Choices
Popular electric business cars
A selection of the electric models our clients lease most often. Every model is available across all trims and specifications. Get in touch for a tailored quote on any electric vehicle.
Audi Q4 e-tron
A refined electric SUV with strong range and Audi's usual build quality, a popular choice for directors and senior staff.
View business leasing rates →BMW iX3
A refined electric SUV with genuine BMW driving character, strong efficiency and a spacious interior for business drivers who want an SUV over a saloon.
View business leasing rates →Kia EV3
An affordable, well equipped compact electric SUV offering excellent value for growing fleets and cost conscious businesses.
View business leasing rates →Tesla Model 3
One of the UK's best selling electric cars, combining strong range, rapid charging speeds and low running costs.
View business leasing rates →Tesla Model Y
A practical, spacious electric SUV with class leading efficiency, a strong option for businesses needing extra load space.
View business leasing rates →Volkswagen ID.7
A spacious, long range electric saloon aimed squarely at business and executive drivers covering higher annual mileage.
View business leasing rates →Compare Your Options
Electric vs hybrid vs petrol/diesel
Not ready to go fully electric? Here's how EVs compare with hybrids and conventional petrol or diesel company cars.
| Feature | Fully Electric | Hybrid / PHEV | Petrol / Diesel |
|---|---|---|---|
| 2026/27 BiK Rate | 4% | Typically 6% to 19% | Typically 18% to 37% |
| Running Costs | Lowest, especially home/work charging | Lower than petrol/diesel if charged regularly | Highest fuel costs |
| Servicing | Fewer moving parts, generally lower | Two drivetrains to maintain | Standard servicing needs |
| Range/Refuel | 200 to 350+ miles, charging network dependent | Short EV range plus petrol/diesel backup | Widest refuelling network |
| Best For | Regular mileage with charging access | Mixed use, limited charging access | High mileage, no charging access at all |
Full Manufacturer Access
Every major EV manufacturer available
VCEA is independent, not tied to a single manufacturer or dealer group. We compare electric vehicles from all leading brands and recommend the right car for your business, not our sales targets.
Why VCEA?
An independent consultancy entirely on your side
Choosing the right leasing partner matters as much as choosing the right electric vehicle. VCEA provides honest, independent advice backed by over 20 years of industry experience.
Genuine EV Expertise
We don't just quote EVs. We help you work out whether one suits your mileage, charging access and driving pattern before you commit to an agreement.
Independent Advice
We compare vehicles and finance options from a wide range of manufacturers and lenders, helping you secure the most competitive pricing, not promoting a single brand or funder.
Dedicated Account Management
Every client is assigned a named consultant who supports them from initial enquiry through to delivery and renewal. No call centres, no handoffs.
Nationwide Supply
Based in Cambridgeshire, we provide Electric Vehicle Leasing solutions to businesses across England, Scotland and Wales, with nationwide delivery available on most vehicles.
Fleet Transition Planning
Whether you need one electric company car or a phased transition of a 300-vehicle fleet, our team has the experience to plan the move at a pace that suits your business.
Transparent Pricing
Our reputation is built on long term client relationships and straightforward communication. Our recommendations are based on what is right for you, not our commission.
Questions Answered
Electric Vehicle Leasing: frequently asked questions
Everything you need to know about going electric, from charging and range to Benefit in Kind tax and reliability.
Make the switch to electric today
Whether you need a single electric company car or a fully planned fleet transition, VCEA is here to help. Contact us for a personalised Electric Vehicle Leasing quotation.