Completely absence from this are the loss due to lower Benefit in Kind (BIK) for Electric vehicles, and First Year Allowances for EV purchases. Driving an EV means only paying 1-2% per year tax compared to 30-40% for a locally polluting vehicles. First Year allowances mean you claim back 100% of the cost of the EV to offset any taxable income.
These business rates mean owning an EV outright as a normal employee is very dumb. Would you rather pay £300 per month for a PCP on a Zoe, or £150 a month for a Taycan as a company car?
These business rates mean owning an EV outright as a normal employee is very dumb. Would you rather pay £300 per month for a PCP on a Zoe, or £150 a month for a Taycan as a company car?