Connect with us

Hi, what are you looking for?

CleanTechnica
Image courtesy WeVee

Cars

EV-Only Lease Firm WeVee Scaling Up Operations In The UK

The UK plugin electric vehicle market share, at 13.25% in April 2021, was quite impressive again despite significant cuts in government incentives. Vehicles that qualify for the incentives have now also been restricted to vehicles that cost less than £35,000. There are, however, quite a number of other benefits still available for people and businesses looking to get into the age of electric mobility. These include a benefit in kind tax (BIK) and a Salary Sacrifice scheme.

Under the BIK, if one uses a company car privately, including for commuting, one has to pay tax on the value of the company car, which depends on how much it would cost to buy the car and the type of fuel it uses. The value of the car is reduced if one has the car on a part-time basis, pays something towards its cost, or it has low CO2 emissions. For EVs, this tax is actually 1% until April 2022 and then it’s increased to only 2%. Under the salary sacrifice scheme, an employee can pay for an electric car each month using their gross salary, before tax and other contributions are deducted.

In the UK, just like probably everywhere else, traditional automobile dealerships are still keen to push sales of ICE vehicles over EVs, so a lot of them don’t go out of their way to sell the benefits of EVs to prospective customers despite all the progress made over the last 10 years with regards to the number of EV models available on the market. The Nissan Leaf, alongside a few other models, was pretty much all that was available back then. Now in 2021 there are well over 70 models available and it is difficult to browse every EV available on the multiple OEM platforms and associated dealerships.

WeVee, a next-generation leasing broker focusing only on electric cars, wants to improve the customer experience for EV shoppers by proving a platform where one can see every electric car available in the UK in one place. This will allow consumers to make an informed decision backed by support from EV experts at the EV-only focused firm. WeVee says it wants its customers to get the perfect EV lease deal with the best prices, helping communities speed up the switch to zero-emission cars.

90% of new UK cars are financed, and WeVee is going to focus on 3 leasing verticals, Personal, BIK, and Salary Sacrifice leasing options to tailor the best value proposition to individuals and businesses looking to go EV. Business leases will be its anchor segment and WeVee will ride on the strong partnerships across the industry as a competitive advantage. WeVee has already helped over 800 people switch to electric and is now scaling up its platform and business to help more families and businesses make the switch.

All images courtesy of WeVee


Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

 
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Remeredzai Joseph Kuhudzai has been fascinated with batteries since he was in primary school. As part of his High School Physics class he had to choose an elective course. He picked the renewable energy course and he has been hooked ever since. At university he continued to explore materials with applications in the energy space and ending up doing a PhD involving the study of radiation damage in High Temperature Gas Cooled Nuclear Reactors. He has since transitioned to work in the Solar and Storage industry and his love for batteries has driven him to obsess about electric vehicles.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Batteries

Originally published on Transport & Environment. By Paul Bell The EU and the UK risk wasting €27bn in battery investments if they fail to strengthen...

Cars

BMW Group has just made EV charging much easier for BMW and MINI electric vehicle owners in the UK. Naturally, for many EV owners,...

Clean Transport

BYD keeps rolling out more and more electric buses, especially in Europe. This week, the news is that it just delivered 30 more electric...

Cars

It’s been a common phrase in the electric vehicle world since as long as I’ve known about EVs — butts in seats. That’s the...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.