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> *"The UK doesn't have a tax break for buying electric cars as regular people at home" Not exactly true. Besides company car tax (BIK) benefits, electric vehi
by Reason077 4y ago
> *"The UK doesn't have a tax break for buying electric cars as regular people at home"
Not exactly true. Besides company car tax (BIK) benefits, electric vehicles are exempt from vehicle excise duty, which can save up to £4000 over the first 5 years of vehicle ownership. They are also exempt from congestion charges, low emission zone charges, etc, which can save thousands more. There's also no fuel duty on charging an EV, you only pay 5% VAT on electricity if charging at home, many local councils offer discounted parking and/or charging, and there is a grant available that pays 75% of the cost of installing a home charger.