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What tax incentives exist in the UK?

Discussion in 'Model 3: Ordering, Production, Delivery' started by crm86, Apr 10, 2016.

  1. crm86

    crm86 New Member

    Joined:
    Apr 10, 2016
    Messages:
    1
    Location:
    UK
    Hi,

    I was hoping someone could tell me what incentives exist in the UK for buying an EV?

    Also will there be any not so obvious costs such as import tax or are these costs included in to the price?
     
  2. Deepan

    Deepan Member

    Joined:
    Apr 4, 2016
    Messages:
    10
    Location:
    London
    Most costs are included in the final OTR (On the road) price you see.

    Only "incentive" is the £5000 government EV grant (which may well run out by the time purchase of the vehicle comes around. otherwise on company car schemes, the current Model S has a benefit in kind tax of 5% compared to other ICE vehicles of 15% or more (guesstimate)

    Also, no congestion charge in london due to no emissions.

    That's all that comes to mind for the moment.
     
  3. stupot42

    stupot42 Member

    Joined:
    Mar 23, 2016
    Messages:
    22
    Location:
    UK
    The government EV grant was just lowered in the last month or so to £4500. I imagine they'll lower it again before the release of the Model 3 once they realise what it's going to cost them purely on Model 3s.

    Oh and EVs are road tax exempt.
     
    • Like x 1
  4. Jayc

    Jayc Member

    Joined:
    Mar 28, 2016
    Messages:
    301
    Location:
    UK
    And don't forget the 40k+ tax surcharge for all cars costing £40k or more.
     

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