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. 1% for 2021/22

1.1.2. Emissions no more than 50g/km

1.1.2.1. 0% to 12% by range

1.1.2.1.1. 1% to 13% for 2021/22

1.2. Van

1.2.1. Private use insignificant

1.2.1.1. BIK = £nil

1.2.2. Zero emissions

1.2.2.1. BIK = 80% normal amount

1.2.2.1.1. £0 for 2021/22

1.2.3. Other

1.2.3.1. Normal amount = £3,490

2. Capital allowances

2.1. Car

2.1.1. 100% FYA

2.1.1.1. Electric

2.1.1.2. Emissions 50g/km or less

2.1.1.2.1. Zero emissions from April 2021

2.1.2. 18% WDA

2.1.2.1. Emissions 110g/km or less

2.1.2.1.1. Threshold 50g/km from April 2021

2.1.3. 6% WDA

2.1.3.1. Emissions >110g/km

2.1.3.1.1. Threshold 50g/km from April 2021

2.1.4. No AIA

2.2. Goods vehicle

2.2.1. Zero emissions

2.2.1.1. 100% FYA

2.2.1.2. Exclusions apply

2.2.1.2.1. State aid

2.2.2. Other

2.2.2.1. AIA

2.2.2.2. 18% WDA

2.3. Charge point

2.3.1. 100% FYA

3. Hire costs

3.1. 15% disallowance

3.1.1. Emissions no more than 110g/km

3.1.1.1. Threshold 50g/km from April 2021

4. Approach

4.1. Understand the rules

4.2. Collect information

4.3. Perform calculations