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Can I write off cost of EV in first year?

I was told that if I buy a fully electric automobile for my business that I can write off the cost of it in the first year. Is this correct?

Filed under electric automobiles - Asked by William Doyle (Dublin 6) - Tue, 13 Feb 2018 21:00

Neil Briscoe Answered by: - -


Hi William,

As always with these questions, check with your accountant, but yes — as far as we understand it, those businesses buying an electric automobile can indeed write off 100 per cent of the capital cost in year one.

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