See all of A Beginners guide to Electric cars
Government promoting Electric cars
There are lower taxes for Electric cars as follows…
Car tax (VED)
The current car tax bands
Benefit in Kind (BiK)
The appropriate percentage will be reduced to 0% for the tax year 2020 to 2021 and will be increased by one percentage point for the tax years 2021 to 2022 (to 1%) and 2022 to 2023 (to 2%).
New company car tax rates announced – Fleet News – March 2020
In the tax year 2022 to 2023, the increase will bring the appropriate percentage back to their published rates in existing legislation which will be sustained throughout the tax years 2023 to 2024 and 2024 to 2025.
New company car tax rates announced – Fleet News – March 2020
