Benefit In Kind On Electric Cars 2024/25. Passenger cars first registered from 6th april 2020. Jul 23, 2024 • 8 min read
Passenger cars first registered from 6th april 2020. The lower tax rates for electric vehicles in the tax years 2023/24 and 2024/25 make driving electric even more appealing.
The current 2024 benefit in kind (bik) rate in the uk is 2% for electric cars.
If you want to know more.
As of 2024, all fully electric cars are eligible for a 2% bik rate, and this is set to stay the same until it changes in april 2025 (when it goes up to 3%, increasing a percentage point each.
The 2% bik rate is set to remain at 2% for the 2024/25 tax year, after which it will increase by 1% a year each year to reach 5% in 2027/2028.
