With major changes to Vehicle Excise Duty (VED) for electric vehicles (EVs) set to take effect on April 1, 2025, businesses need to reassess their fleet strategies. These changes mark a significant shift for leasing companies, fleet managers, and businesses providing company cars, making it more crucial than ever to engage decision-makers at the right time.
What’s Changing with VED for EVs?
Currently, pure electric vehicles (EVs) are exempt from Vehicle Excise Duty (VED), making them a cost-effective and attractive option for businesses. However, from April 2025, the UK government will introduce new rules:
- New and existing EVs will no longer be exempt from VED.
- Standard rates for petrol and diesel cars will now apply to EVs after the first year.
- Expensive EVs (over £40,000) will face the additional £390 “expensive car supplement” from year two.
These changes could lead businesses to rethink their fleet strategies, operational costs, and leasing arrangements.
Why This Matters for Leasing Companies and Fleet Providers:
For leasing companies, fleet providers, and automotive finance businesses, this shift presents a unique opportunity to engage with businesses before they make crucial vehicle policy decisions.
Here’s why:
✔ Businesses Will Revaluate Costs – With increased expenses for EVs, fleet managers may reconsider their leasing agreements.
✔ A Shift in Demand for Hybrid & Low-Emission Vehicles – Companies may explore hybrid or alternative fuel options.
✔ More Data-Driven Decision-Making – Decision-makers will rely on data-driven insights to select the most cost-effective options.
Why Data-Driven Outreach Matters:
At Marketscan, we specialise in providing accurate and up-to-date B2B data to help businesses connect with the right decision-makers. Our database includes:
✅ Fleet managers & procurement heads actively reviewing vehicle policies
✅ Businesses considering EV and hybrid leasing amid VED changes
✅ Key industries affected by the shift (logistics, corporate fleets, etc.)
How to Stay Ahead of the Competition:
To ensure your business is at the forefront of these VED changes, consider:
Building an Email & Outreach Campaign – Reach decision-makers at the perfect moment.
Leveraging Targeted Data – Ensure you’re speaking to businesses that are actively considering fleet changes.
Offering Value-Driven Insights – Educate potential customers on cost-effective alternatives, tax implications, and strategic fleet planning.
Contact us today.
