The campaign hit a crucial milestone last week with a Salary Sacrifice briefing of MPs at the Houses of Parliament. Launched last month, the #SeeTheBenefit campaign is calling for the Chancellor to support the uptake of electric cars in the Autumn Budget.
More than 30 MPs from across the political spectrum came to share their views on the electric vehicle market and find out more about the key role played by Benefit-in-Kind tax incentives. Currently, tax foresight for EV company cars has only been given up to 2024/25. The campaign is highlighting the need for additional years to continue to support the burgeoning Salary Sacrifice market, where BVRLA members are helping thousands of basic rate taxpayers get access to a new battery electric vehicle for the first time.
BVRLA Director of Corporate Affairs, Toby Poston said: “The UK currently has a world-leading policy that is democratising access to EVs. Low company car tax rates have been the single biggest driver of EV uptake to date.
“With over 70% of petrol or diesel company car drivers due to renew within the next two years, keeping EV BiK rates low is the best way for the UK to meet its Net Zero targets. We are delighted that so many MPs came to talk to us, signed our pledge car and agreed to support our campaign for more BiK foresight and effective long-term incentives.”
Find out more about the #SeeTheBenefit activity and how to get involved via the campaign page.
