Reply To: Electric company car – Tesla – advice

[TGLoyalty]

You probably need to look at your personal tax situation in detail to see if it’s worth it but high level if you’re paying a decent chunk above higher rate or in the painful £100k-120k bracket then probably makes far more sense to salary sacrifice.

EVs are still 2% BIK, 3% in 25/26 with 1% pa rises for the next two years after that and 2% pa for the two years after that. Still very favourable vs ICE (34%+) and Hybrid (12%+)

Also what type of driving do you mostly do? If it’s mostly short round town/ county and within 200-250 mile return journeys from your home then EV right now is a no brainer. Even if you do joirneys that are longer than that fast chargers are everywhere (zap-map will show you that) but it adds to cost and time.

Personally I’d still lease than buy outright right now as I think the tech is starting to get to a level that is really competitive from a range and charging perspective but you might want to replace in 3-4 years time with a car that’s doing 500 miles range and charging at 300kw etc or not depending on how you’d answer the average journey question.