Lons
Established Member
At the minute as far as I know you can write off the total cost of an EV in the first 12 months if a business, (that's certainly a tax incentive) and apart from no VED charges EVs are also exempt from the 5 year additional VED costs of £390 pa (thats currently £1950 extra) on vehicles over £40kRegarding tax incentives, my work has just sent us details of EVs on our salary sacrifice scheme. Apparently, I can save £661/mo as a high rate tax payer. All money in NI and Income tax that would otherwise go to the government. My neighbour who has his own business has one and he told me that his accountant said he could either have that or give it to the tax man.
Around here EVs are very common but seem to be the preserve of the well off - at least for now,
All that is of course being withdrawn I think next year.