Purchasing an electric vehicle using a finance agreement may be beneficial for a number of reasons, one being the 100% First Year Allowance (FYA) against taxable profits; claimable in the first year of the agreement, or carried over into subsequent tax years. Another important point to consider is that there are no mileage restrictions.
Electric vehicles are updated much like your mobile phone. Most fossil-fuelled vehicles seen on the road today haven’t been updated since leaving the factory, and generally become less efficient as time goes on.
If you would like to take a long-term approach, the current grants may provide a rare moment to purchase a brand new electric vehicle at a significant reduction to the list price.