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Optimizing Car Leasing Tax Advantages

Clean Fleet Report

Optimizing Car Leasing Tax Advantages The UK Business Benefits This article may contain affiliate links. In this blog post, we’ll explore why leasing a car, like a Cupra Formentor or a Nissan Leaf, can be an ideal choice for your business, both in terms of financial benefits and tax advantages.

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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. The good news is that there are now tax credits for individuals and businesses that buy or lease a new or used electric vehicle! First, the easy part: How do I claim the $7,500 EV tax credit?

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What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

Electric vehicle (EV) adoption is increasing. Cox Automotive forecasts a notable surge in electric vehicle adoption, projecting a rise from 7.6% Seize the opportunity to explore, test, drive, and consider an electric vehicle for your next ride as manufacturers expand their product lines to meet growing consumer demand.

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Driving Dystopia: Pickup Sales Are Probably Going to Decline in the UK

The Truth About Cars

What I assumed would be a quick chat quickly devolved into my being educated on British tax codes, especially the benefit-in-kind (BIK) taxes applied to any items of value provided to employees. For corporate automobiles that also see private use, benefit-in-kind taxes are calculated as a perk on top of the base salary.

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Hyundai Offering Free Chargers to EV Buyers, Swelling Industry Incentives

The Truth About Cars

Hyundai is offering customers willing to buy an all-electric vehicle a Level 2 home charger for no extra cost. That makes the $33,550 (before any federal tax credits or state incentives) Kona Electric the most affordable way to take advantage of the deal. or from a free-trade agreement partner.

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5 Ways Owning an EV Can Save You Money

Blink Charging

For the time being, some electric vehicles (EVs) are more expensive to buy than their internal combustion engine (ICE) counterparts. Purchase incentives Not every vehicle is one that the government will “pay” you to buy, but many EVs fall into this category. However, that higher upfront cost is mitigated in other ways.

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U.K. Government Pushes Gasoline Car Ban to 2035

The Truth About Cars

UK Prime Minister Rishi Sunak announced on Wednesday that he’s delaying bans the government had previously made for gasoline-powered vehicles. You'll still be able to buy a combustion-engined vehicle until 2035,” he explained, noting that the U.K. This probably isn’t a huge surprise for anyone with at least one foot planted in reality.