Market Insight: HMRC update underscores the complexity of EV running costs
HMRC has apologised after making a mistake in calculating the new advisory electricity rate for public charging, effective from September 1. The new rate of 14ppm, originally announced as 12ppm, has been calculated using the Zapmap public charging price index monthly published figure for slow or fast chargers (charging speed less than 50 kilowatts) uprated with the latest estimate of electricity prices from the Office for National Statistics, and is based on an average electrical Read more…