Three Ways to Reimburse Employees for EV Home Charging: The Good, the Bad, and the Ugly
Unlock the intricacies of reimbursing employees for electric vehicle home charging in our latest article, published by Green Fleet Magazine. MoveEV Founder, Dave Lewis, writes about the three primary reimbursement methods for electric fleet vehicles going home to charge with employees: Flat Fee Allowance, Mileage Reimbursement, and Real Cost Reimbursement. Each method has its pros and cons, with the Flat Fee Allowance being the simplest (but inaccurate and potentially most expensive - not to mention that 35% of the payment is lost to taxes), Mileage Reimbursement (not ideally suited for accurate EV electricity expense compensation and leads to overpayment), and Real Cost Reimbursement (the most accurate but historically burdensome before reimburseEV removed the administrative headache). Key takeaways for fleet managers include the importance of choosing the right reimbursement strategy to ensure compliance, efficiency, and employee satisfaction, while also avoiding legal risks associated with the wrong reimbursement policies. Explore the full article to leverage Green Fleet Magazine's insights and MoveEV's solutions for maximizing your company's EV reimbursement strategies.