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TMC releases updated EV reimbursement guide

Date: 10 November 2021   |   Author: Sean Keywood

Fuel management company TMC has published an updated version of its free guide to reimbursing EV drivers for business mileage.

The guide, available via the TMC-e section of the company's website, covers options relating to pure EVs, plug-in hybrids, and regular hybrids.

TMC managing director Paul Hollick said: "The cost per business mile should be factored into the initial Whole Life Cost Analysis.  But in reality, many businesses only consider how they will reimburse drivers for business mileage once employees start using electric vehicles. 

"Our guide seeks to help businesses by setting out the options available to enable employees to be fairly reimbursed within HMRC's guidelines.  

"We are on a mission to simplify EV mileage reimbursement and help businesses transition smoothly to electric vehicles. Whatever method is chosen, our systems provide a hassle-free way to reimburse employees for charging their electric vehicles."