Electric vehicles are transforming how we think about business mileage. With the 2025 IRS mileage rate set at 70 cents per mile, choosing the right EV can significantly impact your tax deductions and reimbursements. Let's explore how to maximize your benefits while minimizing your carbon footprint.
The 2025 IRS mileage rate of 70 cents applies equally to both electric and gas-powered vehicles, but EVs offer unique advantages. While the rate accounts for fuel, maintenance, and depreciation, EV drivers often see higher profit margins since electricity costs less than gas and EVs typically require less maintenance.
When selecting an EV for business use, compatibility with modern mileage tracking software is crucial. Here are the top considerations:
The Tesla Model 3 Long Range and Chevrolet Bolt EUV excel in this category, offering the perfect balance of range, comfort, and cargo space. Both vehicles integrate smoothly with Everlance's automatic mileage tracking features.
The Hyundai IONIQ 5 and Kia EV6 provide the professional appearance and comfort needed for client transport, while offering excellent range for multiple property showings.
The BMW i4 and Polestar 2 deliver the perfect mix of professionalism and performance, with ranges suitable for territory coverage.
Everlance's mileage tracking software is specifically optimized for electric vehicles. Our platform automatically detects your trips and provides detailed reports that include:
Combining an EV with Everlance's automatic tracking capabilities creates a powerful system for maximizing your tax deductions and reimbursements. Our platform helps you:
As more businesses transition to electric fleets, having reliable mileage tracking software becomes increasingly important. Everlance stays ahead of the curve by offering features specifically designed for EV users:
Everlance provides detailed analytics that help you understand your EV's true business costs and benefits. Our platform calculates:
Range efficiency by routeCost comparisons between charging and traditional fuelEnvironmental impact reportsROI analysis for your EV investmentTax savings projections
Ready to maximize your electric vehicle tax deductions? Download Everlance and experience the future of mileage tracking. Our premium features are specifically optimized for EV users, ensuring you never miss a deductible mile or charging expense.
Start tracking your EV miles with Everlance Premium and join the thousands of electric vehicle owners who trust us to maximize their tax deductions.
Every plan includes a 7-day free trial to explore all the benefits before you purchase.
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Damask is the Content Marketing Lead at Everlance, where she develops engaging content to showcase how Everlance's mileage tracking software help businesses and self-employed professionals track for taxes. She specializes in creating educational resources that demonstrate how users can maximize their savings on business expenses through mileage tracking.
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