{"id":68260,"date":"2025-08-18T04:18:06","date_gmt":"2025-08-18T08:18:06","guid":{"rendered":"https:\/\/www.globalvillagespace.com\/tech\/top-electric-company-cars-for-2024-save-big-on-tax-and-drive-in-style\/"},"modified":"2025-08-18T04:18:06","modified_gmt":"2025-08-18T08:18:06","slug":"top-electric-company-cars-for-2024-save-big-on-tax-and-drive-in-style","status":"publish","type":"post","link":"https:\/\/www.globalvillagespace.com\/tech\/top-electric-company-cars-for-2024-save-big-on-tax-and-drive-in-style\/","title":{"rendered":"Top Electric Company Cars for 2024 Save Big on Tax and Drive in Style"},"content":{"rendered":"

Why Are Electric Company Cars So Popular Right Now?<\/p>\n

If you\u2019ve been job hunting lately, you\u2019ve probably noticed how often a company car pops up as a tempting perk. But here\u2019s the thing: electric company cars are stealing the spotlight, and for good reason. It\u2019s not just about driving the latest tech or doing your bit for the planet\u2014there are some serious financial upsides, too.<\/p>\n

Let\u2019s talk numbers. For the 2025\/2026 tax year in the UK, the benefit-in-kind (BIK) tax rate for electric vehicles (EVs) is just 3%. Compare that to petrol or diesel cars, which can hit a whopping 37%. That\u2019s not a typo. This means you could save thousands of pounds each year just by going electric. And with energy prices fluctuating, the ability to charge at home (often at off-peak rates) or even at the office if your employer offers it, makes the deal even sweeter.<\/p>\n

What\u2019s the Real Benefit of Low BIK Tax for Employees?<\/p>\n

You might be wondering, what does a low BIK tax rate actually mean for your wallet? In simple terms, BIK tax is the amount you pay for the privilege of using a company car for personal journeys. The lower the percentage, the less you fork out each month.<\/p>\n

Let\u2019s put it into perspective. Imagine you\u2019re offered a company car worth \u00a340,000. If you choose an electric model, you\u2019d be taxed on just 3% of that value\u2014so \u00a31,200. If you\u2019re a 20% taxpayer, that\u2019s only \u00a3240 a year. Go for a petrol or diesel equivalent at the highest band, and you\u2019re looking at \u00a32,960 a year. That\u2019s a holiday, a new laptop, or a chunk off your mortgage\u2014just for picking electric.<\/p>\n

Which Electric Cars Are the Top Picks for Company Drivers?<\/p>\n

With so many EVs on the market, it\u2019s easy to feel overwhelmed. But a few models consistently rise to the top for company drivers, thanks to their blend of range, comfort, and running costs.<\/p>\n

The Volkswagen ID 7 is a standout. It\u2019s got the range to handle long commutes, a spacious interior for those who need to haul colleagues or kit, and monthly costs that won\u2019t make your finance team wince. But it\u2019s not a one-car race. Tesla\u2019s Model 3 and Model Y remain popular for their tech and charging network, BMW\u2019s i4 brings that premium badge and a sporty drive, and MG\u2019s 4 EV offers impressive value for money.<\/p>\n

Looking for something specific? There are electric hatchbacks for city dwellers, SUVs for those who need space, and estate cars for anyone with a growing family or a love for weekend adventures. The market\u2019s never been more diverse.<\/p>\n

How Do Charging and Running Costs Stack Up?<\/p>\n

One of the biggest worries for first-time EV drivers is charging. Will you be forever hunting for a plug? In reality, most company car drivers charge at home overnight, taking advantage of cheaper tariffs. According to the UK Department for Transport, over 80% of EV owners do most of their charging at home. If your company offers workplace charging, that\u2019s an added bonus\u2014often at no cost to you.<\/p>\n

Maintenance is another win. Electric cars have fewer moving parts than petrol or diesel vehicles, which means fewer things to go wrong. A 2023 study by the RAC found that EVs can cost up to 30% less to service and maintain over three years compared to traditional cars.<\/p>\n

Are There Any Downsides to Consider?<\/p>\n

No car is perfect, and it\u2019s only fair to mention a couple of potential drawbacks. Range anxiety is less of an issue than it used to be, but if you regularly drive long distances in rural areas, you\u2019ll want to check charging infrastructure along your routes. Also, while the upfront price of EVs can be higher, the tax savings and lower running costs usually make up for it over time.<\/p>\n

It\u2019s also worth checking with your employer about their charging policy\u2014some companies are ahead of the curve, while others are still catching up.<\/p>\n

What Should You Look for When Choosing an Electric Company Car?<\/p>\n

Start with your needs. Do you need space for family or colleagues? Is range a priority, or will you mostly be zipping around town? Don\u2019t forget to factor in charging options at home and work.<\/p>\n

It\u2019s smart to test drive a few models, too. The driving experience can vary a lot between brands, and what feels right for one person might not suit another. And don\u2019t be shy about asking your HR or fleet manager for a breakdown of running costs\u2014they\u2019ll usually have the numbers at their fingertips.<\/p>\n

The Takeaway: Is an Electric Company Car Worth It?<\/p>\n

If you\u2019re weighing up your next company car, electric is hard to beat. The tax savings alone make it a no-brainer for most drivers, and with more models hitting the market every year, there\u2019s something for everyone. Add in the environmental benefits and lower running costs, and it\u2019s easy to see why so many people are making the switch.<\/p>\n

So, next time you\u2019re scanning job perks or chatting with your employer, don\u2019t overlook the electric option. It could save you money, simplify your commute, and even make you look forward to Monday mornings. Well, almost.<\/p>\n","protected":false},"excerpt":{"rendered":"

\"Autocar<\/a><\/p>\n

Take advantage of low benefit-in-kind tax bandings with the ultimate list of electric company cars<\/p>\n

\n

When looking for a new job, many drivers consider a company car<\/a> as a must-have perk.\u00a0<\/p>\n

Company cars can save employees money, and choosing an electric car<\/a>\u00a0brings a great\u00a0reduction in\u00a0benefit-in-kind (BIK) tax.\u00a0<\/p>\n

Business users are taxed on a low percentage of the car’s value, which can amount to significant annual tax savings.<\/p>\n

For the 2025\/2026 tax year, this figure is just 3% for EVs, while petrol and diesel models come in significantly higher \u2013 up to 37%, in fact.<\/p>\n

In the modern world, EV drivers can also benefit from cheap home charging rates\u00a0or even charge at the office, should their company offer it.\u00a0<\/p>\n

There are many excellent electric company car options out there, with models from Volkswagen<\/a>, Tesla<\/a>, BMW<\/a> and MG<\/a> all proving popular with the British driving public.\u00a0<\/p>\n

The Volkswagen ID 7<\/a> stands out as our premier choice, offering remarkable range, unparalleled comfort\u00a0and excellent practicality, all at a highly affordable monthly cost.<\/p>\n

But which other options should you add to your shortlist? Check out our full list below to find out, including some of the best hatchbacks<\/a>, SUVs<\/a>, estate<\/a> cars and more.<\/p>\n<\/div>\n","protected":false},"author":1,"featured_media":68261,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"footnotes":""},"categories":[2,137],"tags":[],"class_list":["post-68260","post","type-post","status-publish","format-standard","has-post-thumbnail","category-featured","category-news"],"_links":{"self":[{"href":"https:\/\/www.globalvillagespace.com\/tech\/wp-json\/wp\/v2\/posts\/68260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalvillagespace.com\/tech\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalvillagespace.com\/tech\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalvillagespace.com\/tech\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalvillagespace.com\/tech\/wp-json\/wp\/v2\/comments?post=68260"}],"version-history":[{"count":0,"href":"https:\/\/www.globalvillagespace.com\/tech\/wp-json\/wp\/v2\/posts\/68260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.globalvillagespace.com\/tech\/wp-json\/wp\/v2\/media\/68261"}],"wp:attachment":[{"href":"https:\/\/www.globalvillagespace.com\/tech\/wp-json\/wp\/v2\/media?parent=68260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalvillagespace.com\/tech\/wp-json\/wp\/v2\/categories?post=68260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalvillagespace.com\/tech\/wp-json\/wp\/v2\/tags?post=68260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}