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IRD offers higher milage rate for EVs

You can use the mileage rates for the 2017-18 and prior income years.

Standard mileage rate for motor vehicles

The mileage rate for motor vehicles is 73 cents per kilometre for both petrol and diesel fuel vehicles.

From the 2016-17 income year, different rates apply for hybrid and electric vehicles:

  • Hybrid – 73 cents per kilometre.
  • Electric – 81 cents per kilometre.

For more information see: http://www.ird.govt.nz/business-income-tax/expenses/mileage-rates/

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