Benefit In Kind On Electric Cars 2024/25. The lower tax rates for electric vehicles in the tax years 2023/24 and 2024/25 make driving electric even more appealing. However there is a reduced electric company car tax rate in.

If an employee can get a fully electric car, they will still pay income tax on the benefit in kind, but this is calculated at the very low rate of only 2% of list price for the 2023/24 and 2024/25 tax year although this will rise by. The employee will then be expected to pay either 20/40/45% tax on.