EV company car tax
BIK tax for EVs vs petrol equivalents
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Frequently asked questions
Why is EV BIK so low?
HMRC set EV BIK at 2% from 2022 to encourage adoption. It rises 1% per year — 3% (2025/26), 4% (26/27), 5% (27/28).
What's BIK?
Benefit-in-Kind: the taxable value of a perk (here, the company car). It's a percentage of the car's list price you're taxed on at your income tax rate.
Does this include salary sacrifice?
BIK calculation is the same — but salary sacrifice schemes also reduce your gross pay, so net savings are typically larger than BIK alone suggests.