EV's cost around £3-£5 per 100 miles - compared to £13 - £16 for combustion engines
EV's are exempt from London's congestion charge and ULEZ charge. Saving £27.50 per day.
Less moving parts and no need for oil changes
1% for 2021/2022 financial year and 2% 2022/2023 financial year
(Outright ownership) compared to 6% or 18% (depending on CO2)
• Grant of up to £2,500 for purchases of new and approved low emission cars. Cars must cost less than £35,000.
• Up to £7,500 in grants for purpose-built, low emission taxis - Dynamo and LEVC.
• Cars and Taxis must have a CO2 emission of less than 50g/km and can travel at least 70 miles without any emissions at all.
35% of purchase price up to £3,000 for small vans <2.5 tonnes of gross vehicle weight (t GVW) and 35% of purchase price up to £6,000 for large vans 5-3.5t GVW.
• Eligible vans have CO2 emissions of less than 50g/km
• Eligible vans can travel at least 96km (60 miles) without any emissions at all.
• 100% allowance against corporation tax in the year of purchase. (Outright ownership)
• Inclusion of vehicle running expenses such as electric charge, insurance, repairs under allowable company expenses.
• Purchase the car out of pre-taxed income rather than post-taxed income.
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