rashbre central: Electricity

Wednesday 21 April 2021

Electricity

I've been out driving along motorways again. 

First of all, they are 'lightly loaded' with traffic. Secondly, there seem to be many more electric cars around. I noticed this mainly by the number of Tesla cars zooming along the outside lane. In prior years it would have been Audis, or before that Vauxhalls. Each with one company representative in them.

I decided to take a quick peek and can see that Tesla drivers do get some advantages.

All Tesla cars have zero emissions and may be eligible for financial incentives that encourage clean energy use in the UK.

Benefits for All Tesla Drivers:
  • Exempt from London Congestion Charge
  • Access to clean air zones, including the London Ultra Low Emission Zone
  • Up to £28,000 interest-free loan (Scotland only)
  • Vehicle Excise Duty

Benefits of Tesla for Business:
  • 1% Benefit in Kind (BiK) (compared with the normal 20%-37% BiK)
  • 100% First Year Allowance deduction
  • No car fuel benefit charge
  • Reduced National Insurance contributions
  • Eligible for salary sacrifice schemes (like bicycles and gym membership)

I was reminded of driving around in Norway a few years ago, when the Teslas were being trialled there and had massive benefits to their users. It looks as if a company car scheme is yielding similar benefits in the UK now.

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