Electric vehicle (EV) ownership is on the rise. In 2021, EV sales were up 83% globally compared to the year before. There are also several new policies to further foster EV adoption among both consumers and organizations, including specific incentives in 45 states and the District of Columbia for EV and plug-in hybrid electric vehicles
Forty percent of all drivers plan to eventually purchase an EV – and younger drivers are more likely to be interested.
Companies need to know what transitioning to EVs means for compliance and the metrics that are relevant to EV tax needs.