Car tax 2020: Chancellor announces ‘comprehensive package’ of tax reforms for electric car

Car tax 2020: Chancellor announces ‘comprehensive package’ of tax reforms for electric car

The CEO of Octopus Electric vehicles said total savings could be as high as 40 percent which would make vehicles attractive to buyers.

Speaking to Express.co.uk, she said: “The benefit-in-kind rates dropping to zero for electric cars from April is a game-changer for EVs.

“It makes company cars attractive again and, combined with a salary sacrifice scheme, it can also enable employees to save 30-40 percent off their monthly personal car costs (in some cases even more) – including insurance, servicing, maintenance and even tyre replacement.”

New research from Drive Electric has shown at least eight out of ten motorists would be interested in purchasing an electric car under the new proposals.

 

 

Published at Wed, 11 Mar 2020 12:35:00 +0000