- This topic has 0 replies, 1 voice, and was last updated 6 years, 3 months ago by
.
- Topic
Why Motability wont see many BEVs for the foreseeable future, company car tax for EVs is being slashed.
As Maarten Vinkhuyzen and I have reported in recent months, the UK is getting the same kind of BEV policy in mid-2020. This tax break is for “company cars,” but unlike the US, where there are not that many company cars on the roads (as a proportion of all cars), company cars account for a gigantic chunk of European car markets. It’s very common for Brits to “get a car from their employer,” which they get to pick but has to stay within a designated budget. These company cars are taxed like income. However, that tax is being slashed from ~22% to 2% in the UK in the middle of this year. Bank of America Merrill Lynch conducted a study on BEV cost of ownership with this incentive and shared it with CleanTechnica. The findings were not that electric vehicles like the Tesla Model 3, Nissan LEAF, MG ZS EV, and Audi e-tron would be cost-competitive with their fossil-fueled competitors with this incentive. The findings were that the electric vehicles would often be significantly cheaper.
The only person who got all his work done by Friday was Robinson Crusoe.
Anything i post over three lines long please assume it is an article lol.
- You must be logged in to reply to this topic.