Fleet Insurance Company Investigates If Government Fleet Incentives Will Be Enough

The necessary focus on going greener in the midstand allocation of funding by an independent private
of our economic challenges makes us as a fleetsector led board
insurance company pose the question whether theWho is eligible?
government incentives will be enough?-Companies of all sizes are eligible to apply
The UK Government announced at the end of July-Any private of public sector firm who is interested in
2010 that more than 1 million pounds will be madeinstalling refuelling or recharging vehicles can apply for
available to fleet managers. This is part of thea grant
Infrastructure Grant Programme and is an incentive-Companies located outside of the UK may apply
for switching to electric vehicles or alternative fuels.once the investments will be carried out in the UK
This programme will be managed by Cenex, who willPlug In Car Grant
manage the programme on behalf of theAdditionally there is the Plug-In Car Grant, as
Department of Transport. All of this is part of theannounced by Philip Hammond. From 2011 fleet
initiative to cut the sector's carbon emissions by 14drivers and private motorists will be entitled to a
per cent over the next ten years.'Plug-In Car Grant' of up to 5,000.
Cenex is the UK's Centre for Excellence for LowTo qualify for this grant you need to buy an electric,
Carbon and Fuel Cell Technologies. Robert Evans,plug-in hybrid or hydrogen fuel cell car. The vehicles
Cenex Chief Executive explained that the costs ofmust meet reliability, performance and warranty
installing, recharging and refuelling has been quite offstandards set by the Office for Low Emissions
putting to fleet managers when considering theVehicles (OLEV) in consultation with industry.
switch.Short Term Leasing On The Increase
The funding will be available to businesses of all sizesHowever the Managing Director of Equalease, Paul
and the grants can account for as much as 50 perAshton, has announced in August 2010 that the
cent of the total cost of installing a new fuelnumber of fleets which are renewing on a rolling
infrastructure.short term basis is increasing. Therefore companies
So what are the criteria to qualify for this funding?are opting to renew on 3 or 6 month contracts.
-Grant applications need to be made and acceptedMany businesses do not want to enter into either
before the investmentlong term lease arrangements or buy new vehicles at
-Refuelling sites must be open for third party accessa time of such economic uncertainty. Even though
and be based in the UKthere is an additional cost of 20-25% per month,
-Dispensing attachments need to comply withmany businesses are opting to pay this in favour of
industry accepted vehicle health and safety standardsthe flexibility it allows to them.
-Grants are awarded after successful assessment