Depreciation On Electric Vehicles. But they are not the evs with the highest loss of value. The vital difference between a traditional fuel car and an electric car, the battery, is a reason behind their depreciation, too.
You get a deduction of rs. 1,50,000 under section 80eeb on the interest paid on loan taken to buy electric vehicles.
But, If You Are Wondering Whether The Depreciation Cost Of An Ev Will Be Similar To Fuel Vehicles, The Simple Answer Is No.
In general, petrol cars tend to experience higher depreciation rates compared to electric vehicles (evs).
Here Are The Five Electric Vehicle Models That Depreciate At Lower Rates Than Others:
Currently, the depreciation rates for electric vehicles are the same as of internal combustion engine (ice) vehicles.
Of Those Five Vehicles, The Ford Fusion Hybrid And The Volvo S60 Are Electric Vehicles.
Images References :
1) Announcement Of Higher Depreciation On Vehicles Purchased From 23 Rd Aug 2019 To 31 St March 2020.
2) deferring increased registration fees of vehicles.
The Limitations On Depreciation Deductions In Section 4.02 Of This Revenue Procedure Apply To Electric Automobiles (Other Than Leased Electric.
The basis to be used for depreciation is.
In A Petrol Or Diesel Engine, The Engine Lifetime Is Usually 10 To 15 Years.
