In the latest BVRLA blog, Ashley Tate, CEO at Mina looks at reimbursing EV drivers using the AER. Ashley asks how much does it really cost to charge an EV and is the rate fair?
In the blog ‘Stop paying your business EV drivers using the AER’, Ashley says; “What happens once you’ve made the switch to electric for your fleet - you’ll need a fair way to pay for their EV charging costs, and perhaps the most obvious thing is for you to turn to the Advisory Electricity Rate (AER).
“The AER is the government’s pence-per-mile reimbursement rate for EVs and was first introduced back in 2018. Reviewed and set every quarter, it increased from 4p in February 2018 and then slowly increased where it now stands at 9p per mile. Like the AFR (advisory fuel rate), the AER is used by many businesses to reimburse their drivers, in this instance for charging their company EV at home or on the road. But how much does it really cost to charge an EV and is the rate fair?”
Read Ashley’s blog in full: Stop paying your business EV drivers using the AER.
See more blogs on the BVRLA website: BVRLA Blog: An expert view.
