Bik Percentage On Electric Cars. The table below shows the percentage bik rate for phevs according to their wltp assessed electric range, bearing in mind that the normal bik taxation rate is 20% for. Effect on electric vehicles from 1 january 2023 the department of finance announced in budget 2022 the phasing out of the 0% bik on electric vehicles over the next 4 years.
The bik rate for electric cars did increase. The bik rates shown in the table above apply to all vehicles registered after 6 april 2021.
The Table Below Shows The Percentage Bik Rate For Phevs According To Their Wltp Assessed Electric Range, Bearing In Mind That The Normal Bik Taxation Rate Is 20% For.
As we start to transition to electric cars, current bik rates for electric vehicles (evs) are currently low, just 2%, which is an incentive to get businesses to take.
A Link To The Future Rates For Petrol Powered And Hybrid Powered Company Cars Has Been Added.
The table below shows the percentage bik rates, depending on vehicle co 2 emissions from conventional fuel (only >0 for phevs) and using wltp figures.
Electric Cars To Enjoy A Favourable Bik Rate Through To 2028.
Images References :
For The 2019/20 Financial Year, Electric Cars Were Taxed At 16%, But This Rate Decreased To 0% In 2020/21.
What are the bik rates for electric cars?
The Present Bik Rate For Electric Cars Is 2%, And It Will Remain At 2% For The 2023/24, And 2024/25 Financial Years.
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.
