Tax On Company Electric Cars Uk
Tax On Company Electric Cars Uk. For 2023/2024 and 2024/2025 financial years bik on. Benefit in kind (bik) taxation is lower on electric cars than it is on hybrids, and is massively lower than petrol and diesel cars.
This year 2023/24, the electric vehicle company car tax rate stands at just 2% of an evโs taxable list price. We outline the key tax reliefs for buying a new electric vehicle (ev) through your limited company, click to read now.