Benefits-in-kind, sustainability targets including Scope 3, boost EV adoption and encourage investment from businesses like Amazon

The impact of benefit-in-kind schemes

In today's automotive landscape, the government's benefits-in-kind scheme has become a pivotal factor driving the surge in EV sales. The stark contrast in tax liabilities between owning a large electric SUV and a conventional fuel-powered one is undeniable. With tax rates ranging from as low as 2% for EVs to a staggering 31% for high-emission vehicles, it's no wonder savvy employees entitled to a company car are capitalising on this incentive.