Can I write off cost of EV in first year?

I was told that if I buy a fully electric car for my business that I can write off the cost of it in the first year. Is this correct?

William Doyle (Dublin 6)

Feb 2018 Filed under: electric cars

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Expert answer

Hi William,

As always with these questions, check with your accountant, but yes — as far as we understand it, those businesses buying an electric car can indeed write off 100 per cent of the capital cost in year one.

Neil Briscoe - Complete Car Advisor
@neilmbriscoe