Two ID. Buzz's parked in front of a house.

The cost benefits of going electric

Government grants, tax breaks and congestion zone exemption could be saving you a small fortune. Whether it’s for business or personal use, there’s never been a better time to go electric.

Government grants

The government offer a range of money saving incentives to support people who make the decision to go electric. For example, the EV Chargepoint Grant provides financial assistance for the installation of home wallbox chargers, specifically for people living in flats or rented properties.

Grant schemes are subject to change and may depend on personal or vehicle circumstances. Check the latest updates from official government sources.

For more information on the EV Chargepoint Grant, please see the resources on the government website.

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A family walking around a parked VW ID. Buzz car.

Tax exemption

Electric vehicles benefit from several tax incentives in the UK. For example, 100% electric vehicles are exempt from paying Vehicle Excise Duty (VED), also known as road tax, until 31 March 2025. This includes the exemption from the premium tax surcharge for cars priced above £40,000.

In addition to road tax exemption, electric cars are often exempt from local congestion charges in designated low-emission zones, further reducing running costs for EV owners.

For more information on clean air zones and congestion charge exemption please see the guidance on the government website.

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An ID. Buzz Cargo parked at a charging station with a charging cable attached.

Lower fuel costs

A Volkswagen electric vehicle can save on average up to 70% on fuel costs when compared to a petrol or diesel vehicle. This is particularly true when you consider the discounted tariffs that certain energy companies offer or when charging for free at work charging stations. Over the vehicle’s lifetime, these savings can add up substantially, making electric vehicles a cost-effective choice for both personal and business use.

To learn more about costs, charging, and the charging infrastructure, please see the resources on the government website.

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Running cost calculator

What does it cost to run?

This handy tool helps you to accurately estimate the total running cost of a Volkswagen electric vehicle. By entering details such as your driving and charging behaviours, you can quickly see how the cost of ownership stacks up against a petrol or diesel equivalent. It highlights potential savings on fuel and maintenance as well as tax incentives, making it easier for you to see how an electric vehicle is the right choice for you.

Running Cost Calculator

Customers buy into more sustainable businesses

Research shows that 58% of customers are more likely to make purchase decisions based on a company's commitment to sustainability. By switching to electric vehicles, your business is sending out a clear and visible message to the eco-conscious consumer.

It pays to go electric

The Government is encouraging drivers and businesses to go electric. One way it's doing this is by offering generous incentives and grants to make owning an electric vehicle cheaper.

The OZEV Plug-In Van Grant will pay for 35% of the price of an electric van, up to a maximum of £5,000. Vans qualify for the grant if they have emissions of 50g/km or less and a range of at least 60 miles for fully electric vehicles.

Full terms and conditions are available on the government website.

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Two technicians walking around a parked ID. Buzz Cargo.

Energise your team for less

Businesses are also able to apply for the Workplace Charging Scheme. This can dramatically reduce the costs associated with installing chargers at your business’ premises. If your business has sufficient off-street parking, you can receive up to £350 off the price of each installation for up to 40 charge points.

In order to apply, all you need to do is demonstrate a desire to switch to an entirely electric fleet. Additionally, you will need to make sure your charging stations are put in by an Office for Low Emission Vehicles (OLEV) approved installer like our partner Pod Point.  

Applying for the Workplace Charging Scheme is simple and can be done online.

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Pay less tax

If you provide your employees with electric vehicles for personal use, you’ll benefit from a 40% reduction in Benefit in Kind taxes compared to petrol or diesel vehicles. Electric vehicles are also exempt from road tax, saving your business on the yearly cost. All in all, switching to electric is a far more tax efficient way to run your fleet.

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