Benefit In Kind On Electric Cars 2024/25. If an employee can get a fully electric car, they will still pay income tax on the benefit in kind, but this is calculated at the very low rate of only 2% of list price for the 2023/24 and 2024/25 tax year although this will rise by 1% per year reaching 5% in 2027/28. In this comprehensive guide, we explore bik rates for evs.

The pledge is included in its roadmap. For all fully electric cars on sale, the bik rate is just 2% during the 2022/23 tax year at which it will remain during 2023/24 and 2024/25 (see table below).