What mileage can I claim for an electric car?

When using a privately owned electric vehicle at work, it is possible to claim for mileage too. These are known as AMAP rates and just like diesel or petrol cars, the amount that can be claimed is 45p per mile tax-free for the first 10,000 business miles.

What is the HMRC mileage rate for electric cars?

AFTER years of pressure from the fleet decision makers’ organisation ACFO, HMRC is finally publishing electric car business mileage rates. From September 01, 2018, the official HMRC rate is 4p per mile. This is the Advisory Fuel Rate for electric cars.

How do you calculate mileage on an electric car?

EVs can get 100 MPGe with ease. The miles per gallon formula works like this: miles driven divided by gallons used = mpg. This formula is much easier to understand.

What is considered high mileage for an electric car?

Early electric cars were lucky to hit 100 miles on a full charge, while today’s Tesla Model S can reach nearly 400 miles. Future electric vehicles are likely to surpass that number. Figure out just how much range you need. While 400 miles seems right, electric cars with this range come with a hefty price tag.

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Can you still claim 45p per mile for an electric car?

When using a privately owned electric vehicle at work, it is possible to claim for mileage too. These are known as AMAP rates and just like diesel or petrol cars, the amount that can be claimed is 45p per mile tax-free for the first 10,000 business miles.

Can I claim 45p per mile if I have a car allowance?

How Much Can You Claim for Mileage? You can claim over 45p tax-free as a business mileage allowance if you use your own car for a business journey.

Does mileage matter on electric cars?

The cars are in better condition and require less maintenance: EVs have fewer moving parts than traditional cars, so there isn’t much that can break down. In general, used EVs will have fewer miles on the odometer, and so they’ve had less wear and tear on the brakes, the tires and the suspension.

How do companies reimburse for electric cars?

Drivers can be reimbursed for charging at home or on the road on a per-mile or per-kilowatt-hour basis, either as an expenses claim or added to their salary. Mileage rates can be adjusted to reflect actual costs.

Can you claim business mileage with an electric car?

As of 2020, it’s safe to submit the same reimbursement rate for electric car mileage that your organization is using for gas-powered vehicles. The easiest way to keep track of mileage for electric car users is to have your employees take a picture of their odometer.