Effective date of update: 2024/2025 – 2029/2030 

The purchase of electric vehicles is still being encouraged through reduced benefit-in-kind tax rates, especially when compared to traditional petrol and diesel cars. The rates are detailed below. 

Businesses will still benefit from a full 100% deduction on the expenses incurred when acquiring a new and unused electric vehicle, treated as a capital allowance. 

 If you're in the market for a new company car or fleet, we can help! Our exclusive network of strategic partners offers incredible deals tailored to your personal or business vehicle requirements, whether you're seeking a personal or a commercial vehicle. Reach out to our partnerships team at marketing@astonshaw.co.uk today to learn more!