areexemptfromtaxationasbenefitinkind. Bonus(untiltheendof 2024)forthepurchase ofnewcars(privateuse)withafullyelectricrangeof≥60kmandgross listpriceof≤€60,000: €2,000+€3,000(importerbonusandfederalbonus)forBEVsandFCEVs. Additionalincentivesaregrantedbyprovincesand communities.Moredetails: www.umwelt...
Benefit in Kind (BIK) tax, widely known as company car tax, is calculated by the value of the vehicle, its CO2 emissions and the employee's income tax band. Electric cars are a taxable benefit, which means employees have to pay Benefit in Kind (BIK) tax on electric company cars. How...
Additionally,Benefit in Kind (BIK) tax for electric vehicles currently sits at 2% in 2023. This rate will remain the same until 2025, where it will then increase to 3%. BIK means that if you provide your employees with a financial benefit that isn’t a part of their sal...
Companies pay National Insurance on Benefit in Kind (BIK), which includes non-cash based ‘benefits’ like company cars. While EVs are still subject to tax on BIK, the electric company car tax rate is only 2% of the EV’s taxable list price (P11D value). To put this in perspective,...
The first cars with an electric motor were presented at the end of the 19th century. That from the Belgian Camille Jenatzy even set a record in 1899: It was the first road vehicle of any kind to reach a speed of 100 km/h. From the end of the 19th century, trains and trams were ...
This kind of reduction in your monthly spending might go a long way towardsreducing your expenses and helping you reach financial goals, so it’s definitely worth considering. Are EVs really better for the environment? An EV’s carbon footprint is typically smaller over its lifetime than t...
It is very unlikely that the Earth’s natural systems would sustain this kind of increase in natural resource extraction and the associated environmental impacts. A liveable future will demand dematerialisation of the economy, particularly a decoupling between economic growth and resource use, and an...
During a number of workshops in its home city of Stuttgart, Germany, Mercedes-Benz lifted the lid on how it has been working on a new kind of solar surface that could generate enough electricity for folks in sunnier climates to cover their daily commuting requirements. ...
OWN CONFIDENTLY HARDWORKING BENEFITS TO MAKE OWNERSHIP EASY With most used vehicles, you’re on your own once you’ve driven off the lot. But with our program, the benefits continue well into ownership. WARRANTIES? CHECK. KEEPING YOUR WORRIES IN CHECK? CHECK. ...
platform was initially developed to support all kinds of propulsion methods. From petrol and diesel, to natural gas, plug-in hybrid and all electric. The positive of this approach is flexibility in production development but unavoidably, this kind of platform has its main focus on ICE cars. ...