Providing the car is new and was bought outright and not leased then yes, you can deduct the full amount from your profits. The company could also pay for your charger and insurance too. You would have to pay BIK tax though and the company would have to pay corporation tax if and when you sold the car too.
When are you going fully electric?
- Thread starter Ricochet J
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Associate
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Have you taken delivery yet? If so, what are your thoughts about it. Really interested to hear from other UK owners and anything they would suggest for someone new to EVs.
Associate
The whole gearbox discussion shows how much work is needed for people to understand EVs better.
Describing them as an auto isn’t good as people associate that with auto gearboxes, rather than “there just are no gears”.
You’re far more in control compared to a manual or an auto as there’s no “wrong gear at the wrong moment”.
Describing them as an auto isn’t good as people associate that with auto gearboxes, rather than “there just are no gears”.
You’re far more in control compared to a manual or an auto as there’s no “wrong gear at the wrong moment”.
It's slightly more nuanced I believe- although I am not a tax expert
The car has to be new or at least in HMRCs view which seems to include pre-reg, low mileage demo.
I think you also have to take into account any non business mileage you do so for example if you are 50:50 private:business then you can only claim half the tax relief.
You may have to pay a balancing charge when you sell the car - so if you sell it for £18,000 then you will incur a corp tax liability on the sale amount. ( as mentioned above)
I recommend you speak with your accountant.
Yea, I mentioned it must be new. I didn't think personal use would effect what could be claimed in capital allowances, just VAT (I could just be confusing what you can claim with cars vs commercial vehicles too) but you could be right, certainly if it's a single person limited company as they're essentially treated as self employed.
edit: Just read up a bit on this and definitely speak to your accountant @floatindolphin. From what I understand personal mileage only affects sole traders and partnerships, not companies with BIK being charged to the individual instead. If you're a one man band company, you could be treated as a sole trader though.
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Soldato
So, what is wrong with an Audi e-tron 55? We have been looking at a larger car and had come to settle on something like a 2019/2020 Rav4, but yesterday I discovered I could get a newer, lower milage, more boot space e-tron for less money. We ruled out Q5's as I really don't want to spend that much but the e-trons are around £10k less for a comparable spec/year.
>90% of our driving is <30miles with maybe once or twice a year UK trips potentially over 200 miles plus driving when you get there. I thing ev would be OK but range anxiety would be a thing. Everything I read suggests it's not that big a deal to stop somewhere 30 mins and get another large chunk of charge.
>90% of our driving is <30miles with maybe once or twice a year UK trips potentially over 200 miles plus driving when you get there. I thing ev would be OK but range anxiety would be a thing. Everything I read suggests it's not that big a deal to stop somewhere 30 mins and get another large chunk of charge.
Associate
Nothing wrong with the e-tron at all - it is a brilliant car. It is not the most energy efficient (see discussion on previous page) but if charging mainly at home it will cost peanuts to run.
Range on a long trip isn’t amazing but it charges really fast and public rapid charging is now good enough and getting better.
A friend has similar use case to you (short trips with a few long trips per year) and has the small battery e-tron, he’s been delighted with it.
Service/repair costs will be more like the Q5 than a Rav4 but you could put some of that money you saved (plus all the fuel savings) aside in case needed.
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Soldato
Thanks, extended warranties seem to be around £650 a year. Is that considered worth it? The batteries and motors have an 8 or 10 year warranty I believe? The air suspension scares me a bit. What is servicing even like on an EV? Surely there is a lot less to do, or are there new things that have to be done? Only things I can think that would be the same is cabin filters, steering fluids, brake fluids. Seems they are 20k or 2 years.
Soldato
Novice BEV question incoming:
On a TV ad I noticed that, to my initial surprise, the combined range and motorway figures were lower than the urban figures.
I waited for another inevitable BEV advert and looked out for the mileage blurb and again, the city mileage was best, followed by combined.
So, by my logic and pitiful amount of research, am I right in saying that this is because a BEV (motor) in stationary traffic is using zero power, but at highway speeds it's fighting wind and resistance and with no selectable gear ratios the motor is just whizzing away?
I don't track my fuel costs (petrol) other than rough man maths at the pump, as you can probably tell.
On a TV ad I noticed that, to my initial surprise, the combined range and motorway figures were lower than the urban figures.
I waited for another inevitable BEV advert and looked out for the mileage blurb and again, the city mileage was best, followed by combined.
So, by my logic and pitiful amount of research, am I right in saying that this is because a BEV (motor) in stationary traffic is using zero power, but at highway speeds it's fighting wind and resistance and with no selectable gear ratios the motor is just whizzing away?
I don't track my fuel costs (petrol) other than rough man maths at the pump, as you can probably tell.
I love the e-Tron and would have bought one but a used I-Pace was a better deal at the time. Having had another kid since I got the car, I wish I had waited!
The charging is a non issue on long trips as long as you're not one of those travelling reps needing to be everywhere in a super hurry, the charge curve is very flat so if you find an ultra-rapid charger you will be topped up quite quickly.
Average speed is the main factor
Of course, it is the 'right tool for the job' if emissions and health of us and our children are removed from the equation. It was not just VW that borked diesels, it was all the manufacturers. There is no doubt that diesels are worse for the environment in terms of particulates than any petrol and so the tax man is right, in my opinion, to get the highest distance drivers into EVs as quickly as possible.
Soldato
Yes this was a surprise to me as well, so used to petrol cars doing better mpg on motorway that I didn't think it would be different for an EV.
With the charging being so much cheaper than fuel though it's a non issue how efficient it is.
Yep, that's about the size of it. Roughly speaking for a BEV, the faster you go, the more electricity you use. Somewhere around 25-30mph is typical the most efficient and you just start losing efficiency as you climb above this. Noticeable if you sit at 65mph on the motorway instead of 70mph - you could gain another 10-15 miles of range for only a couple of minutes time penalty.
ICE get more efficient (to a point) at higher speeds
Some facts rather than opinions, it is using American mpg though.
www.33rdsquare.com
I once drove 100 miles to weston super mare in an octavia 110bhp diesel(2004 model)
I reset the trip/mpg counter as i started the motorway and off when I turned off.
On way there, no hold ups on the motorway as it was a Sunday, I did 70mph and got 56mpg
On the way back I set it to 56mpg and got 67mpg.
So personally, in an Octavia, speed does affect an ice efficiency.
Plus I have found a way of breaking the laws of thermodynamics.
What is the Best Eco Speed? The Fuel-Efficient Guide to Saving Money on Gas - 33rd Square
About 55 miles per hour is the optimum speed for most cars. Kick it up to 65 mph and you are 8 percent less efficient; at 80 mph you are 28 percent less efficient.
www.33rdsquare.com
I once drove 100 miles to weston super mare in an octavia 110bhp diesel(2004 model)
I reset the trip/mpg counter as i started the motorway and off when I turned off.
On way there, no hold ups on the motorway as it was a Sunday, I did 70mph and got 56mpg
On the way back I set it to 56mpg and got 67mpg.
So personally, in an Octavia, speed does affect an ice efficiency.
Plus I have found a way of breaking the laws of thermodynamics.
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Soldato
Read like an opinion to me. What point were you trying to make?
Did you literally just Google 'best eco speed' or something? Jesus what a gopher.
Also did you ever considering driving to Weston Super Mare might be down hill from where you live, you know, cos its a seaside town.
Did you literally just Google 'best eco speed' or something? Jesus what a gopher.
Also did you ever considering driving to Weston Super Mare might be down hill from where you live, you know, cos its a seaside town.
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I cancelled it in the end. Decided to go down a different route.
I would still consider an eTron 55 but not the 50.
Associate
Yes, I've had it three weeks now.
I've gone from a 9 year old A45 AMG to the Ioniq 5N, so its quite a bit different. It handles well, but you can feel the extra weight, especially under braking. It also feels very big compare to the A45. I've found it gets around 190 miles to a charge, so about 20% under the official figure, but it has been pretty cold aswell. The power delivery is instant and brutal as you'd expect but even with your foot to the floor the traction is excellent.
Biggest annoyances to me are the driver "aids". Lane assist and speed limit warning are on by default and will drive you mad. They also cannot be turned off permanently and must be disabled on each trip.
1mph over and its beeping at you and it will often try to steer you back into your lane when you don't want it to. On country roads it is infuriating.Perhaps the thing most different when new to EVs is the regen braking. Its like engine braking in an ICE but slightly more (but can be adjusted). I wish it didn't put on your brake lights when it does it. As soon as you ease off the pedal, on they go! Now I understand what's going on with those people who "brake" all of the time in front of you.
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