Buying an electric vehicle

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Buying an electric vehicle by Mind Map: Buying an electric vehicle

1. BIK

1.1. Car

1.1.1. Zero emission

1.1.1.1. 0%

1.1.1.1.1. 2% for 2022-23

1.1.2. Emissions no more than 50g/km

1.1.2.1. 5% to 14% for 2022-23

1.2. Van

1.2.1. Private use insignificant

1.2.1.1. BIK = £nil

1.2.2. Zero emissions

1.2.2.1. £0 for 2022-23

1.2.3. Other

1.2.3.1. £3,600 for 2022-23

2. Capital allowances

2.1. Car

2.1.1. 100% FYA

2.1.1.1. Electric

2.1.1.2. Zero emissions

2.1.2. 18% WDA

2.1.2.1. Emissions 50g/km or less

2.1.3. 6% WDA

2.1.3.1. Emissions >50g/km

2.1.4. No AIA or super-deduction

2.2. Goods vehicle

2.2.1. 100% FYA

2.2.1.1. Zero emissions

2.2.1.2. Exclusions apply

2.2.1.2.1. State aid

2.2.2. AIA

2.2.3. 130% super-deduction

2.2.3.1. Companies only

2.2.3.2. New van only

2.2.4. 18% WDA

3. Hire costs

3.1. Emissions more than 50g/km

3.1.1. 15% disallowance

4. Approach

4.1. Understand the rules

4.2. Collect information

4.3. Perform calculations