28 Jul '15, 5am

How Dutch Electric Car Incentives Work

As you heard if you watched the video, there is a tax on cars (BPM tax ) the purchasers or lessees of electric cars don’t have to pay. That is applicable to everyone, but other financial incentives are just for businesses. However, the story is in no way simple. For business vehicles, you typically add a certain percentage of the car’s value (24%) to your income when doing your taxes. However, in the case of plug-in vehicles, it is reduced (7% for fully electric cars and 14% for plug-in hybrids ). Since the incentive is only for business use, however, you have to indicate what percentage of your driving is for personal use and exclude that (like what you do in the US if you are self-employed and have a home office). (Note, for clarification, that every consumer still pays the VAT on their cars in the Netherlands, which is a “value-added tax,” or basically a general sales t...

Full article: http://gas2.org/2015/07/28/how-dutch-electric-car-incenti...

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