Can I write off cost of EV in first year?
Filed under:
electric cars
The question
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?
Asked by William Doyle ·
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.
Answered by Neil Briscoe