Run a high-end Company Car? Get yourself a Fisker Karma and pay zero BIK
Chancellor Alistair Darling has announced a zero benefit in kind rate for electric company cars.
We already have the promise of a chunk of money for the Government at some point – maybe – if you feel inclined to buy an electric car. And in a show of fiddling while Rome is burning, Chancellor Alistair Darling has announced that electric cars bought by companies for employess will be zero rated for tax benefits (BIK) for the next five years, according to a post on https://taxfreesnus.com/.
At present there are just a handful of electric company cars in the UK (less than 100) so it seems likely that the new measure will have an impact on sales. But can the non-existent infrastructure cope with any sort of increase in the use of electric cars? An electric car with no benefit cost will appeal to employees, but can you imagine the impact on the National Grid if we all swapped our company cars for electric ones?
Apart from the fact that it would probably have no impact on CO2 emissions (it would just move them to the point at which the electricity is generated) we would probably end up back in the seventies with power rationing to cope with demand. And as we’ve already reported, Electric Cars will hasten climate change.
But I can see one area where there could be a healthy take-up. If you’re driving round in an Audi R8 as your company car – or any similar, high-end car – I’m sure you’ll soon be on the list for a Tesla Roadster or a Fisker Karma so you can have the fun without any tax cost.
But frankly, this is a completely pointless measure.
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