Tax Benefits of driving an Electric Vehicle

From 2023 to 2027, businesses can offer electric vehicles to employees with reduced Benefit-in-Kind (BIK) charges based on the vehicle’s Original Market Value (OMV). Reductions range from €35,000 (2023–2025) to €10,000 (2027), with an extra €10,000 available for 2023–2025. No BIK applies if the OMV is reduced to zero. Employers can also provide workplace or home EV chargers (from 2025) without triggering BIK, provided certain conditions are met.