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Electric company car tax explained

Drive Electric

April 2020 was a watershed moment for electric vehicles (EVs) as company cars. The UK government slashed electric company car tax, instantly making EVs much more attractive for businesses and employees. Here we take a look at what company car tax is, what’s changed, and how it compares between different types of cars.

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We need to talk about tax…

Clean Car

There have been some MAJOR changes to the company car tax treatment of battery electric vehicles (BEV) this year. Company car tax rates are designed to encourage company car drivers to choose cars with lower levels of CO2 and (from April 2018) NOx emissions. 50 BEV is zero BIK rated in 2020, 1% in 2021 and 2% in 2022.

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Driving the sales of electric vehicles

Clean Car

So this blog is about how we accelerate the take up of EVs and how CleanCar can help. Most notably, in April 2020 a raft of tax related changes were brought in, which made huge changes to National Insurance and Benefit in Kind treatment of EVs. For more on this see our tax blog [link]. Why do we need to switch?

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Electric Vehicles Could be your Solution to the Current Gas Prices

Blink Charging

A 2020 Department of Energy study put the topic to rest for good. Tax credits and rebates are usually available on the purchase of an EV. The Build Back Better Plan included tax credits a win/win for drivers, the environment, and auto workers, but the plan is stuck in Congress. She expects price parity by mid-decade.

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Over 200,000 Pure Electric Vehicles to hit UK roads in 2021

Drive Electric

This figure is based on our own forecasts, and it represents a significant increase from 108,205 – the number of battery electric vehicles registered in the UK in 2020 (based on SMMT data released today) – a figure which, despite the COVID-19 pandemic, even exceeded our January 2020 forecast of 98,500 BEV registrations.

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Four Major Trends in the eMobility Industry in 2021

Driivz

Despite supply constraints and COVID-19, global EV sales in the first half of 2021 showed a 160% increase over the same period in 2020 — and 2020 itself was a banner year for EVs. The “carrot” typically takes the form of incentives such as subsidies and tax credits. In 2020, there were about 1.3

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BMW’s 2021 luxury sedan, the 745e PHEV, comes with 16 pure-electric miles

Current EV

The 2021 model retains all the features of the 2020 model. A Federal Tax Credit will knock off $5,836. The post BMW’s 2021 luxury sedan, the 745e PHEV, comes with 16 pure-electric miles appeared first on Current EV Blog. The 2021 BMW 745e uses a turbocharged 3.0-liter The 745e xDrive’s starting MSRP is $95,900.

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