Company car allowance petrol / diesel or EV

[Williambridge]

Howdy

I have decided I would opt for a car allowance, there are some requirements the vehicle must meet below but I am considering the financial differences and would like your thoughts on this

4 doors
Less then 8 years old
Must be ULEZ

I am a 40 percent tax payer

For petrol / diesel / hybrid the company I work for will pay me a £550 allowance monthly and 28p a mile for fuel

For fully electric the company I work for will pay me a allowance of £700 monthly and 8p a mile for fuel used

Thoughts on if the EV would be justifiable?

I consider a focus for around 11k 1.0t or a similar Volvo V40 T2 these cost around the 8k-10k

The EV I am considering is a Zoe r110 51kwh around the 12k mark

Obviously running costs interms of tax / servicing of the EV is near 0

[Gad-Westy]

Would you need to use public chargers for an EV or home charging and short journeys only?

[Williambridge]

We have charging points in the offices which are free to use

Circa total 20k miles a year

[Gad-Westy]

Williambridge said:

We have charging points in the offices which are free to use

Circa total 20k miles a year

Any long journeys though? I ask because 8p/mile allowance is probably about 32-40p/kwh but rapid chargers can cost double that.

Other than that the electric car allowance sounds a good deal if it fits your usage requirements.

[Williambridge]

Odd longer journey of 100 miles one way once or twice a month at most, the rest is local journeys

[Williambridge]

I'll do some searching online for some vehicles