* Only # 115 fuel costs for 12,000 miles driving (# 0.96 pence for a
full charge) * Low servicing costs and downtime - only approximately 4 working parts compared to over 300 in a typical internal combustion engine * Exempt from road tax (saving approx # 300 per annum) * First year capital
allowances for fleet vehicles * Zero benefit - in - kind company car tax * Lower rate of VAT for domestic electricity * Exempt from congestion charge (saving up to # 2,000 per annum) * Free parking in many London boroughs and cities such as Milton Keynes * Expected high residual
values due to high demand outstripping supply for several years to come
The benefits may include
full replacement
value, with no obligation to replace policies (cash - out options), by - law coverage, greater
allowances for additional living expenses and coverage for higher limits of jewelry, fine arts, antiques or items that can not be replaced due to their inherent nature.