Company cars: The future is electric!

30th June 2022

The Government’s green agenda (with an aspirational target that all new car/vans will be 100% zero emission by 2035), raising fuel costs and attractive company car tax benefit in kind (BIK) rates has meant that providing an electric company car is becoming a norm.

Government figures show that battery/hybrid electric vehicles make up more than half of all new cars sold, with fully electric vehicle (EV) sales having risen 70% in the last year. Fleet cars represents a large proportion of the new car sales. In this article we consider the incentives and other tax implications associated with EVs which make them so attractive as company cars.

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