ELECTRIFIED FLEET CARS AND VANS NOW ONE IN SEVEN
Posted on 10th November 2020 at 13:21
Data collected over the summer suggests that 14% of cars and vans operated by fleets are now either hybrid or battery electric vehicles. This compares to 9% from the last winter, and 5% from the previous summer.
The growing interest in EVs and plug in hybrids is being driven, in part, by new company car tax rates introduced in April that greatly benefit users of electrified vehicles. This includes the zero percent benefit in kind rate this tax year which will only rise to 1% next year, and 2% the year after that.
For hybrid cars, these rates differ according to a vehicle’s zero emission driving range. For example, a hybrid achieving less than 30 zero emission miles would attract 12% BIK this tax year whereas one with a zero emissions range of 30-39 would attract 10%.
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