Electric Car Range Company Car Tax

  
Benefit-in-Kind-BiK

A key thing to consider when deciding on a company car is the amount of tax it'll incur. You'll pay tax on a percentage of the P11D value of the car. The exact percentage - the BIK rate - is worked out by the amount of CO2 emissions the car produces. The lower the emissions, the lower the percentage. It's simple. The greener your car, the lower its CO2 emissions and the less tax you'll have to pay. 

  0% emission electric cars.
2% company car tax.

The business case for going electric is hard to ignore in 2023. The UK government introduced 2% company car tax (BIK) for electric cars*.

If you’re a company car driver or fleet manager, you demand quality, economy and cars that surpass expectations. Our top-of-the-range electric models offer head turning designs, a wealth of specification and our first-class aftersales care as standard.

Company car tax rates are changing.
Switch to Electric for 2% tax.

The incentive couldn’t be bigger. Choose a full battery electric company car and your tax – or ‘Benefit in Kind’ – for private use of a company car will reduce to 2%* from April 2022- March 2025.

2% is great news for company car drivers, who can enjoy the tangible benefits of electric motoring. Fleet managers who manage a larger electric fleet can cut running and servicing costs, increase efficiency and future-proof your business for more sustainable regulations ahead.

Did you know plug-in Hybrid company car tax will also be lower?

From April 2020, BIK tax on efficient plug-in hybrid electric vehicles will also decrease dramatically*. View our ground-breaking range and calculate your savings now.

Calculate your options

Calculating the tax, financing and whole life cost of a new company car or fleet vehicle can feel dizzyingly complex. So, we’ve created some easy online tools to help put your options into perspective. If you’re a fleet manager, head over to our whole life calculator to see how much a vehicle will cost over its entire lifespan. For those who’ll be driving their company cars, use the BIK (Benefit in Kind) calculator to find out what the tax implications of your new car will be.

Calculate your company BIK car tax

Whole Life Calculator

Terms and conditions

*Current and future company car tax (BIK) percentages and monthly values based on published government taxation information. These percentages and values can be changed ay any time in line with any amends announced by the government.

** Range dependent on ambient temperature, battery state of charge and condition, driving style, vehicle payload, vehicle electronics, heating and climate settings. Tested under WLTP regulations. Kona Electric 300 mile range based on 64 KWh model. IONIQ 5 298 mile range based on 73kWh model.

^ Charging times for the high voltage battery may vary as it is dependent on the condition of the high voltage battery, charger specifications and ambient temperature.

IONIQ 6 *Maximum range according to WLTP combined cycle. Specification dependent. Actual range will vary depending on factors including road conditions, outdoor temperature, driving style, use of climate control and battery condition.

^{^} 350KW ultra-fast charger required for quickest charge times - chargers are currently available on selected arterial routes – see Charge myHyundai map for details. Not currently available in Northern Ireland.Hyundai test data for comparison purposes. Actual time may vary from stated times/ranges and is dependent on several factors including battery temperature, condition and age, ambient temperature and the power provided by the charger. Charge time increases in cold weather and if battery temperature activates safeguarding technology. In optimal conditions, the latest IONIQ 6 is capable of accepting power at up to 220KW.