Electric cars are actually ½ cheaper than classic cars!

We can fill them at home and within the network public charging stations. In any case, the public network needs a lot improvements for the future, also because those fast chargers are really few and far between, and charging standards are extremely different. But these are the "birth" problems of everyone technological innovations, which will definitely be resolved. I am reassured by the fact that everyone can charge electric vehicles themselves, in their garage. In practice, this "slow" charging is often sufficient for intermediate fillings, when the car is idle overnight or for several days, and you always drive away from home with a full tank of "energy".

Electric cars in a way, they bring a lot of advantages and really few negatives. And that is also why they are the future. Here I claim that, despite the initial higher purchase cost, electric cars are actually cheaper than classic cars with an internal combustion engine in a "specific" scenario. And today! It is basically clear to all of us that theirs is procurement value higher in comparison with classic cars for somewhere from 25 to 35 percent, but they make up for it in many areas – from lower costs maintenance, up to lower costs registration and fuel and many tax benefits such as lower credit rating (0.3 percent instead of 1.5 percent) and finally the possibility of using the investment relief in the amount 40 percent purchase value of the vehicle, which can be claimed by companies and thereby reduce their profit. At the same time, electric cars are extremely desirable as used vehicles. Recent research by German mobile.de has shown that they are models Tesla Model 3 and Tesla Model S the fastest "selling" used vehicles. That's why they maintain their sales value more than excellent or much better compared to competitors.

Electric vehicles are this moment until ½ cheaper only on condition, to buy them as legal person and you remain their first owner 5 years. Namely, companies are entitled to various tax incentives, which, if we analyze them comprehensively, mean a concrete "tax” and subsidy saving. Therefore, the purchase of an electric vehicle is highly recommended for companies these days, or even up to ½ cheaper than buying a classic vehicle. Let's see!

Conditions under which the purchase of an electric vehicle will be ½ cheaper than a classic vehicle:

• Buy the vehicle legal person.
• The vehicle is subject to an eco-subsidy across the board 6.000 euros. Correction:(4,500 euros - subsidy reductions - 12-2020)
• An investment allowance in the amount is claimed for the vehicle 40 percent from the purchase price of the vehicle.
• A reduced credit rating rate is charged for electric vehicles 0.3 percent instead 1.5 percent for the use of the vehicle of an employee who uses the vehicle for private purposes.
• It can be obtained interest-free eco credit.
• Savings at fuel costs in the first ones 5 years ownership.
• Lower maintenance costs in the former 5 years.
• Larger residual value vehicles when sold after the expiration date 5 years.

Various benefits and tax incentives when buying an electric vehicle.

Let's take a closer look at the various benefits and tax incentives for owning and purchasing an electric vehicle.

1. Basic eco subsidy in the amount of 6,000 euros for the purchase of an electric vehicle

It is incredible, but true, that in Slovenia we were able to gain by March 13, 2020 7,500 euros eco subsidies for the purchase of an electric vehicle. The state reduced this subsidy by 1,500 euros. However, the subsidy remains and is not negligible. It can therefore be deducted from the purchase amount of the new vehicle 6,000 euros. For comparison, in Germany this amount amounts to as much as 9,000 euros.

2. Investment relief in the amount of 40 percent

If your company buys a vehicle worth 50,000 euros, we can conclude that has a profit. As an entrepreneur, you don't even think about a vehicle of this value otherwise. From a tax point of view, electric vehicles have the same or comparable status as Truck. This means that the company can for them claims investment relief. In other words, it means you can You deduct 40 percent of the purchase price of the vehicle from the tax base for income tax calculation and thus reduce the latter by a significant amount. If the value of the vehicle is 50,000 euros, the amount of the "tax savings" amounts to an indirect 4,500 euros. If we also take into account the eco subsidy in the amount 6,000 euros, the total amount of state incentives amounts to somewhere 10,000 euros.

Real savings when buying an electric vehicle - investment relief
In the case of a vehicle for 50,000 euros, the "tax savings" amount to somewhere 4,500 euros. This amount represents a "reduced" payment of corporate income tax in the year of purchase of the vehicle, or spread over a longer period - for example, the first three years. All, of course, under the condition that the company has a profit.

3. Reduced full credit rating for company electric vehicles

All companies whose employees also use the vehicle for private purposes, they calculate the creditworthiness of employees. It is the latter a large tax burden, because in the case of cars of higher amounts, it substantially increases the gross salary of the employee. The credit rating is calculated on the gross salary and increases the latter. In the case of a normal company vehicle, the purchase value of which is 50,000 euros, that is increase in gross salary for 1.5 percent of the purchase value monthly, which when purchasing a car amounts to just 750 euros an increase in the gross salary and thus an increase in all contribution rates. This means a tax payment of approximately 350 euros on a monthly basis (it is a flat rate). Of course, the amount is "amortized" over the years, but it still represents a significantly larger amount than in the case of electric vehicles. In the case of electric vehicles, the credit rating percentage is only 0.3%, so the car "increases" the employee's gross salary by only 150 euros. Which means a negligible increase, which is not reflected in an excessively increased tax liability. In this case, the tax liability increases somewhat 75 euros (all amounts are approximate and serve only as an example).

4. For the purchase of an electric vehicle, subsidized "eco" loans are available - also completely interest-free

Many manufacturers also offer interest-free financing. This is nothing new in the automotive industry. However, electric cars have a slight advantage here and have more options for more favorable "eco" financing. Of course, it will take some bureaucratic knowledge and also some luck to catch a tender, but I believe that you will eco electric vehicle found an interest-free loan, as there are currently a large number of development loans available with a subsidized interest rate.

Real savings when buying an electric vehicle - financing
The amount of car financing of 50,000 euros for a period of 5 years is not small and amounts to between 6,000 and 8,000 euros with a 20% deposit at the start of financing. Of course, it depends on the interest rate and other factors. If the company seizes the possibility of interest-free financing from various "eco" funds, the savings are not negligible, but significant. In the final calculation, we took into account only a small difference at this point.

5. Free charging on the public network and "cheaper fuel" are often offered

Tesla enables new customers 400 kWh ed free charging, which is sufficient for the former 1,500 km. Then charging the bill is around 0.26 euros for 1 kWh. Which means that for a full tank of Tesla 3 you have to pay somewhere between 15 and 25 euros (depending on the size of the battery and the model). However, there are still quite a few charging stations where you can charge your vehicle for free. There are fewer and fewer of them, but they can still be found. Electric vehicle drivers - very broadly speaking - spend somewhere 30 percent of the amount, which you would spend on a classic vehicle (at the current price of fuel). If you fuel for 25.000 kilometers per year costs somewhere 1,500 euros, you will spend approx ⅓ of this amount. So something over 500 euros per year.

6. Cheaper servicing

I believe that servicing an electric car will be among the first 5 years significantly cheaper from servicing a classic car. The manufacturers are aware that this must become one of the purchase arguments, so I believe that the warranties for battery assemblies and some more expensive components will be even better than the existing ones for classic cars. It proves it Tesla, which offers an 8-year warranty for its batteries, or up to 192,000 kilometers driven. At the same time, the battery capacity must not fall below 70 percent. I conclude that the first 5 years of servicing electric vehicles are completely unproblematic. Problems will begin after 8 years, when it is time for a general service or replacement of the battery or battery elements that fail.

See also

Electric mobility

The new Peugeot 5008: spaciousness and electric power

Real savings when buying an electric vehicle - servicing
Savings in servicing is currently an enigma. However, in the first 5 years, electric vehicles should not represent a higher cost than classic cars. Cost servicing I did not include it in our final comparison calculation. But I still believe that servicing costs are lower for electric cars. If classic vehicles in the first 5 years require somewhere 250 euros annual maintenance, this amount will be halved for electric vehicles!

Table: Indicative comparison of ownership of an electric vehicle and a classic vehicle for legal entities*

* The values are indicative and used only for the purposes of proving the feasibility of purchasing an electric vehicle.

Despite the fact that in the above calculation Tesla 3  in the very beginning for 7,000 euros more expensive than a comparable classic vehicle, but the ownership and tax benefits are such that over a period of 5 years the company pays for this type of vehicle 1/2 the amount. In other words, the savings can be even greater. The monthly cost for an electric car is thus low 459 euros, while the classic vehicle company subtracts every month 1,054 euros.

The calculation is purely informative, but it clearly shows that we are not aware enough of the tax incentives that come with the purchase of an electric vehicle. As a company, we can buy this in 2020 on really favorable terms.

You are interested in buying electric vehicle?! Then join the group LEAS – Owners of electric cars in Slovenia and ask members for advice!

Suggested

Foreo IPL hair removal device: flawlessly smooth skin with PEACH 2 go