0% company car tax on electric vehicles

The new financial year is almost here and this is great EV news for businesses!

Tax changes which come into effect in 2020/2021 will help to further reduce company car tax bills. Under the plans, zero emission, 100% electric cars will pay no company car tax in 2020/21, just 1% in 2021/22 and 2% in 2022/23.

In addition, the government will introduce five new bands for plug-in hybrids and other electric vehicles which emit 1-50g of CO2/km from 2020/21 which will further benefit those EVs that can drive furthest with zero harmful emissions. There has never been a better time to switch your fleet or business vehicles to electric.

(Source: Go Ultra Low)