There are still some grants available to help make electric cars more accessible and easier to own. These include grants and schemes to help with installing charging points which you can find more information on above.
Businesses can enjoy discounts in the form of a lower Benefit-in-Kind (BIK) tax rate of 2% with an electric car. Other exclusive discounts may be available on electric cars for ‘blue light’ workers such as those in the NHS, the military, or the police.
The government states that new electric cars will qualify for a 100% first-year allowance. This means businesses can deduct the full cost from their profits before tax during the first year. For more information, visit the government website.
This depends on the specific grant. For instance, the Electric Vehicle Homecharge Scheme (EVHS) is only open to flat owners or renters who have off-street parking. You can check your eligibility for an electric car grant on the government’s website, where you’ll find the full criteria.
Yes, you can. At Vertu, we’re an Electric Vehicle Approved (EVA) retailer, meaning we’re well-placed to help you lease an EV for your business or expand your fleet. Get in touch with us today to discuss your needs, and our expert team will be happy to help.