New research from Mina shows that the Government’s advisory electricity rate (AER), used to reimburse electric vehicle (EV) company car and van drivers, is leaving drivers out of pocket by as much as 15p per mile.
Mina has analysed more than 32,500 charging events, using both public and home chargers, and found that in 94% of cases it was costing drivers more than the 5p per mile HM Revenue & Customs (HMRC) advises employers to repay employees.
In some cases, Mina says that employees were out of pocket by as much as 15p per mile (ppm) if they charged at a public charger.
Mina’s data from its EV Report - Summer 22 shows that on average charging from home is cheaper at 9ppm (compared to a public chargepoint, at 20ppm) but at that figure, drivers are missing out by 4ppm.
Taking that into account, at 10,000 business miles a year, a driver could be subsidising their business travel by £400.
The BVRLA is also working with HMRC to highlight the impact of energy prices on EV drivers and is keen to hear of any case studies of those who have incurred high out-of-pocket expenses due to the AER.
