EV Company Car BIK increases to 1%

February 15, 2021

Benefit-in-Kind for EV’s

Those already in an Electric Company Car have had a lovely Benefit-in-Kind tax for the Tax Year 2020 to 2021 at Zero Percent. However, from April 2021 this will increase to 1%.

Battery Electric Vehicles (BEV)

This rate will only apply to Battery Electric Vehicles, in other words, plugin hybrids and self charging hybrids aren’t applicable to the rate.

The 1% rate applies to company car drivers in pure electric vehicles registered prior to 6th April 2020 and will also apply to cars registered after 6th April 2020, with emissions from 1-50g/km and which have an electric range of 130 miles plus.

Short-Term Electric Cars

We’ve got a growing range of Electric Vehicles on our short-term programs including Car Subscription, Flexirent and our fixed Short-Term Contracts. Keep an eye on our website for more details or bookmark the Electric Vehicle page.

More Information

If you would like any further information on Electric Vehicles and how these can fit into your fleet, please do let us know. Call the team on 01332 290173 or contact the team using the Enquiry Form below.

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There are so many circumstances where you may need that flexible vehicle, just call the team on 0330 330 9425 to see how we can help you!

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