EV Charging Point Finance

Here at WestWon we are big on sustainability. We recognise how important the future is, and try to do what we can as a leasing company in order to do our bit for the environment. We have already implemented several sustainable initiatives and practices, such as our green scheme the WestWon Woodland and moving to a paperless office over a decade ago. You can find more of these practices by viewing our green agenda blog here. This is why we are excited to announce the introduction of Electric Vehicle Charging Point Finance.

Rising energy prices

With our green agenda in mind (and with fuel prices rising by the day at time of writing), we’ve decided to finance a couple of electric vehicles for ourselves. The rationale was simple, make the most of the advantageous tax benefits for the business. This is all whilst doing our bit towards saving the planet. (By the way we also finance electric vehicles, call us for more information.) However, one thing we were not prepared for was the charging of the vehicles and were surprised to receive multiple quotes higher than we were expecting.

This got us thinking, the move to electric vehicles is inevitable but the cost of implementing the infrastructure is likely to put even the greenest intentioned company off what can be classed as a luxury purchase. Therefore we’re happy to announce we’re now financing Electric Vehicle (EV) Charging Points, with agreements starting from £1,000 + VAT up to a 5 year term.

With well-publicised energy prices currently rising throughout the UK, the popularity of electric vehicles is certainly on the rise. According to a recent study, new EV registrations were 76.3% higher than the year before, from 2020 to 2021. However, with this rise in electric vehicles comes the rise of charging points. These can be hard to find, especially at a cost that’s good for your business. However, even then they are costly, which is why leasing and finance options are the best solution for your business.

More about Electric Vehicles

The Mayor of London currently has in place a strategy to support his ambition for London to become a zero-carbon city by 2030. This is where zero emission capable (ZEC) vehicles come in. They will help the mayor in his plan to reduce the amount of carbon in the atmosphere. This is as well as making the shift towards zero emission technologies. There are three types of ZEC vehicles which can be seen below:

• Vehicles that are 100% pure electric. These are powered by a battery usually lasting around 80 miles, but that also have no exhaust emissions.
• Plug-in hybrids. These have a combined battery and diesel or petrol engine. This means that they last a lot longer, but are obviously more harmful to the environment than those above.
• Hydrogen fuel cell vehicles. These have a much longer range, typically 300 miles, because it uses hydrogen to produce electricity from a fuel cell.

Contact Us

If you would like more information on electric vehicle charging point finance, or any other finance needs you may have such as vehicle leasing and finance, then please don’t hesitate to contact us. You can email us on hello@westwon.co.uk, or alternatively you can call us on 01494 611 456.