Company car tax rule change could provide keys for "massive" EV market boost

Cecilia Keating
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Roughly half the UK's lease fleet is company cars
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Roughly half the UK's lease fleet is company cars

Drivers of company cars who opt to go electric will pay no benefit-in-kind (BiK) tax from next week, marking a dramatic drop from the 16 per cent rate in place today

The government's new company car tax regime has the potential to spur a boom in electric vehicle (EV) sales, once the industry weathers a supply crunch that is being further exacerbated by the coronavirus...

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