Electric Car Benefit In Kind 2024/24. As of 2024, all fully electric cars are eligible for a 2% bik rate, and this is set to stay the same until it changes in april 2025 (when it goes up to 3%, increasing a percentage point each year. If you have a company car as a benefit from your job, which you can use privately (outside of work), you will have to pay benefit in kind (bik) tax.
Electric car benefit in kind 2024/25 adara abigael, the lower tax rates for electric vehicles in the tax years 2023/24 and 2024/25 make driving electric even more appealing. Electric cars do continue to offer benefits to those who use them as a company car thanks to a lower rate set by the government, but what does choosing an electric car mean for.