Electric cars on a salary sacrifice scheme are the most tax efficient cars available due to the low Benefit in Kind tax on them as well as the income tax and National Insurance savings employees can aso make. Benefit in kind will remain at 2% until April 2025 which means that electric cars are much more affordable when compared to petrol or diesel alternatives.
Alternatively, if you’re not ready to go fully electric then hybrid cars are still a worthwhile option. They’re still tax efficient (although not as much as a pure electric car) and can give you the option to have a petrol engine as well as being able to drive short distances on electricity so are better for the environment.
Visit our Go Electric page to find out more. You’ll be an expert in no-time.
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