Cheapest Electric Cars UK (Image: Fuel Included)

Autumn Statement: Company car tax to increase by one percentage point

The Government has announced in the Autumn Statement that benefit-in-kind (BIK) tax for electric vehicles (EVs) will continue to be kept low to increase uptake. The Chancellor, Jeremy Hunt, said he had listened to the fleet industry and would increase company car tax for EVs by one percentage point year-on-year for three years from 2025. Currently,