V12 Vehicle Finance commits to electrify car fleet

V12 Vehicle Finance (V12VF) has committed to introduce electric vehicles (EVs) and hybrid vehicles to its company fleet car strategy. 

The Solihull-based vehicle finance brand has pledged to convert its fleet of 21 vehicles to either electric or hybrid vehicles by June 2024, ahead of the Government’s target of only allowing the sale of new zero-emission cars from 2030. 

Currently, 30% of V12VF’s sales team have opted for a fully electric vehicle and 65% for a plug-in hybrid.

In the next 6 months, the company will reduce overall emissions by 70-80% in comparison to its present fleet, with 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. 

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.”

This commitment to reducing the company’s carbon footprint will also drive significant financial savings for the business and its drivers, within fuel costs, benefit-in-kind and Employer NI contributions.

For example, it says that if the average employee travels 3,000 miles a month in an EV, they will be saving around £250 monthly in fuel costs and reducing CO2 emissions by 0.5 tonnes. 

Its field and head office-based employees will be able to choose from a wide range of makes and models including BMW 330e, Mercedes-Benz C-Class and Tesla Model 3.