New EV Home Charging Rate: What You Need to Know

This update is particularly relevant for employers providing EVs to staff for personal use and employees who incur work-related car expenses.

The new guideline provides a simplified method for determining the cost of electricity when charging an EV at home, known as the EV home charging rate. This fixed rate stands at 4.20 cents per kilometre.

Here are some key points to keep in mind

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Last updated: 24th April 2024