Company Cars

If you are lucky enough to get a car from your employer, it's going to make a lot of financial sense for you to switch to electric. New tax rules mean that a 100% electric car will be zero rated for benefit in kind tax and could save you thousands every year compared to a petrol or diesel. Even swapping to a plug-in hybrid, makes good financial sense. Here's what you need to know, along with our recommendations for the best electrified company cars you should be considering.

Going electric is less taxing

The words ‘benefit-in-kind’ sound warm and welcoming doesn't they. But if you’re a company car driver, these three little words will strike fear into your heart. Benefit-in-kind or BIK is the tax taken out of your pay packet every month if your employer gives you a car which you can also use for personal miles, like ferrying the family around at the weekend.

But we have some good news for you, if your car can travel for over 40 miles using pure electric range - like a BMW 330e - then you pay just 6% of the car's value per year in benefit-in-kind, compared to 12% for those that manage less than 30, whilst owning a diesel car means you'll take an even larger hit. Who say's there's no such thing as a free lunch!

Get the full lowdown on the BIK rules here.

Our Favourites

Mercedes E-Class Hybrid

MG ZS EV

Mazda MX-30

Tesla Model Y

Skoda Superb iV PHEV

Bentley Bentayga Hybrid

Range Rover Sport P400e

BMW X5 45e Hybrid

Mitsubishi Outlander PHEV

Toyota Prius

Volvo XC40 Recharge

Hyundai Ioniq Electric

Smart EQ Fortwo

Honda e

Renault Zoe

Renault Kangoo ZE

Peugeot e208

BMW i3

Mercedes EQC

Tesla Model S

Kia Soul EV

Jaguar I-Pace

Audi e-tron

Tesla Model X

Vauxhall Corsa-e

Nissan e-NV200

VW ID.3

MINI Electric

Hyundai Kona Electric

Nissan Leaf

Porsche Taycan

Tesla Model 3

Kia eNiro

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