LESS TAX ON ELECTRIC / HYBRID COMPANY CAR / VAN FLEETS

COMPANY CAR TAXES 

• On private fleets (that make up half of all new vehicle purchases) put waiver on the excise duty surcharge for electric and hybrid electric company cars and vans. 

• 1 per cent company car tax for fully electric company cars (back to Benefit in Kind (BiK) rate for 2021-2022 tax year). 

BENEFIT IN KIND TAXES FOR DRIVERS 

• As basic income tax falls to 10p in the Pound from 20p in the Pound, less BiK to pay by employee using company car. 

• Lower BiK to 5 per cent for plug-in hybrid company cars that can cover between 30 and 39 miles on electric power alone; from current rate of drivers paying BiK at 10 per cent (2022-2023 rates). 

• Lower to 3 per cent for those that can go even further (40-49 miles), as driver now pays 6 per cent BiK (2022). 

• Either way, it’s far less than the 20 per cent-or-more rates that apply to petrol and diesel cars.

Source:

https://www.autoexpress.co.uk/car-news/107394/electric-cars-exempt-from-company-car-tax-next-year#:~:text=The%20government%20sets%20this%2C%20and,be%20a%20very%20affordable%20pick.

ELECTRIC CHARGING POINTS IN WORKPLACES AND DEPOTS 

• For company fleets that transition entirely to Electric Vehicles by 2025, government pledge to install charging stations in their workplaces and depots.