Fleet News | Zero company car tax is boosting BEV registrations, says Cornwall Insight

The Government’s decision to introduce zero benefit-in-kind-tax for battery electric vehicles is having a positive effect on BEV registrations. Latest registration figures from the SMMT show that 8,162 BEVs were registered in July out of a total 174,887 vehicles.

Resilient demand for BEVs appears to be driven by four key factors.

From April 6, changes to the benefit-in-kind company car tax means zero emission vehicles pay no tax in 2020-21, providing an incentive for businesses to transition their fleets.

Katie Hickford, Analyst

Fleet News