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Home > EV Hub News & Insights > Posts tagged 'EVs for businesses'

EVs for businesses

EV Hub Insights
15 April 2025

Company Car Tax on Electric Cars: Benefit in Kind (BiK) Explained

In April 2025, the Benefit in Kind (BiK) rate for company car tax on electric cars increased from 2% to 3%.

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© 2026 Santander Consumer (UK) plc
Santander Consumer (UK) plc trading as Santander Consumer Finance. Registered Office: Santander House, 86 Station Road, Redhill. Surrey RH1 1SR: Registered in England and Wales. Company registration number: 2248870. VAT registration number: 466264724. Santander Consumer (UK) plc is authorised and regulated by the Financial Conduct Authority reference number 444327. A member of the Finance & Leasing Association and complies with its Lending Code, a copy of which we will provide on request or is available at www.fla.org.uk.
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