| ▲ | gnfargbl 5 hours ago | |||||||
This only works for business leases. The employee sacrifices part of their salary in return for being provided a lease car, and both the employee and employer save tax on that money (up to 45% employee, ~15% employer). For an ICE car the government claws this money back through hefty "Benefit In Kind" taxes placed on employer-provided vehicles, but as an incentive to drive adoption the rates on EVs are only 3% of the car's nominal purchase price (and you only actually pay up to 45% of that 3%). It doesn't work out "free," but it's typically as cheap to lease a new EV through this scheme as it is to pay the depreciation on a used ICE. | ||||||||
| ▲ | pkaodev 5 hours ago | parent [-] | |||||||
Not sure what schemes are that good (would be interested to see). My company has one, but I ended up buying a used ICE because it worked out to cost about the same as leasing the equivalent EV model of that car. But that might have been the case for the specific car I was looking at (small Volvo SUV). | ||||||||
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