Chas1
Well-Known Member
- First Name
- Chas
- Joined
- Feb 22, 2021
- Threads
- 2
- Messages
- 107
- Reaction score
- 53
- Location
- U.K.
- Vehicles
- Mini

Agree with what you have stated but I am using the Salary Sacrifice scheme and thus only new EV’s have the tax incentives, maint/ins all covered. Thus used market is an option………for now.
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it will end when 100% corporate tax deduction ends for new EV’s. Interesting to note that ex demos qualify as new for this tax deduction.Yup did that before taking the Tesla and again before ordering the Taycan but the Salary Sacrifice scheme is not comparable when you look at total expenditure over 3 years with no deposit, monthly payment deducted from salary before tax, less than 10th of the cost for insurance, all maintenance/tyres etc. paid regardless. Only 2% tax on benefit per year and only £250 penalty to leave after initial 3 months ownership.
As mentioned in other threads, this scheme is behind the UK market being flooded with used 2/3yr EV’s now and am sure will increase each year…… the only issue has been availability and delivery delays.
Under no illusion that this bubble will burst at some point, wether it will be increase of tax on the scheme or residuals go beyond expectations and the various companies increase monthly payments to cover dropping residuals from flooded used markets.
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