Company Electric Cars

Company Electric Cars

350px-Nissan_Leaf_005

The government needs to do more to encourage Electric Car buying as their prices are still very high. Graham Hill of thebestcarfinanceblog.co.uk tells us that an equivalent Nissan Juke petrol version is half the price of the Nissan Leaf  Tekna. Here is an excerpt from his article;

13% BIK tax will hit electric cars badly in 2018 acting as a disincentive

Whilst company car drivers seemed to have been left alone whilst benefitting from fuel duty freeze in the small print was the leaving alone of a previous announcement that benefit in kind (BIK) bands that kick in 12 months from now will continue to 2017 and 2018 tax years. This is the increase of 2 percentage points for each tax band per annum.

So by 2018 the BIK tax applied to cars with a CO2 emission of 76-94g/km will be 19% of the car’s P11D [...]

    Back to top