ev as company car as BIK increases

ev as company car as BIK increases

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ds666

Original Poster:

2,746 posts

184 months

Friday 25th November 2016
quotequote all
Will people still have pure EV's as company cars as the BIK keeps increasing ?
When it was zero , I could accept the low range or the continual need to plug-in as the car was effectively free . As the BIK rushes towards 20% ( I'm guessing that will be the minimum in 3-4 years ) they become significantly less attractive .

caseys

317 posts

173 months

Friday 25th November 2016
quotequote all
ds666 said:
Will people still have pure EV's as company cars as the BIK keeps increasing ?
When it was zero , I could accept the low range or the continual need to plug-in as the car was effectively free . As the BIK rushes towards 20% ( I'm guessing that will be the minimum in 3-4 years ) they become significantly less attractive .
Depends what is available in 2019-2021 period. BIK is just one part about the economical viability. That and range is constantly increases and will most likely not decrease. BIK is going to be 16% by April 2020 (at the moment).

Yes there's the cost of the car with BIK, but also the cost per mile of running it. If you've already bought an EV/PHEV and have the cables, a wallpoint installed etc, know where you can charge on your most common routes it's a cost assessment.

With many manufacturers plans to EV/PHEV most of their ranges I don't see how they would sell the cars if they are more expensive per mile to both fleet/business drivers and non-business drivers who are in the market for that size/power of vehicle.

oop north

1,604 posts

133 months

Friday 25th November 2016
quotequote all
2019-20 is 16% for my car (i3 range extender) following from 7% now going up to 13% in 18-19 (last year I have it under three year contract hire). But in 20-21 it gets better again - under 50g cars will be 2%-14% depending on pure electric range (criteria not yet published). That was new announcement in this week's autumn statement.

I would expect there to be lobbying to reduce 19-20 back down sonconsistent with 20-21 proposals but as it stands that is a disincentive to replace the i3 with another electric car. Fancy the Jag I-Pace but 15 months at 13%/16% might make me delay and see what else is around at the time.

Next time I want something with more leccy range and five seats / bigger boot

ds666

Original Poster:

2,746 posts

184 months

Friday 25th November 2016
quotequote all
under 50g cars will be 2%-14% depending on pure electric range (criteria not yet published).

That's interesting - do you have a link to that info ?

My feelings are that zero co2 cars should have a lower BIK and that the hybrids that effectively exploit the way co2 is measured by current tests should be subject to more representative testing .
We all know manufacturers' mpg figures as per testing are about 85% correct but the hybrid bit completely distorts that . For example EVO mag have an i8 on test - suggested mpg is 135 , actual is 35 ..... making its BIK a bit of a mickey take ...

Amateurish

7,862 posts

227 months

Friday 25th November 2016
quotequote all
ds666 said:
Will people still have pure EV's as company cars as the BIK keeps increasing ?
When it was zero , I could accept the low range or the continual need to plug-in as the car was effectively free . As the BIK rushes towards 20% ( I'm guessing that will be the minimum in 3-4 years ) they become significantly less attractive .
Have you seen the Autumn Statement. In 3.5 years (April 2020), the BIK on EVs will be 2%!

BIK on cars above 75g CO2 will be on a sliding scale up to from 22% to 37%.

caseys

317 posts

173 months

Friday 25th November 2016
quotequote all
Amateurish said:
Have you seen the Autumn Statement. In 3.5 years (April 2020), the BIK on EVs will be 2%!

BIK on cars above 75g CO2 will be on a sliding scale up to from 22% to 37%.
2-14%, dependent upon how many miles the vehicle can go on electric range. So yes pure EVs like Tesla, 93a-i3 etc will probably be 2%. An Outlander/C350e/Prius/330e will probably be at the 14% range.

ds666

Original Poster:

2,746 posts

184 months

Friday 25th November 2016
quotequote all
Ah that sounds sensible . Was that our government ?

oop north

1,604 posts

133 months

Friday 25th November 2016
quotequote all
ds666 said:
under 50g cars will be 2%-14% depending on pure electric range (criteria not yet published).

That's interesting - do you have a link to that info
http://fleetworld.co.uk/post-2020-company-car-tax-to-include-electric-range/

ds666

Original Poster:

2,746 posts

184 months

Friday 25th November 2016
quotequote all
Good news . The new i3 comes in Jan , 3year lease and getting taxed on 2% of a tesla price in 2020 sounds good smile

Amateurish

7,862 posts

227 months

Friday 25th November 2016
quotequote all
caseys said:
2-14%, dependent upon how many miles the vehicle can go on electric range. So yes pure EVs like Tesla, 93a-i3 etc will probably be 2%. An Outlander/C350e/Prius/330e will probably be at the 14% range.
Yes, I know. The OP was asking about BEVs which will be 2%

ChrisW.

6,602 posts

260 months

Wednesday 30th November 2016
quotequote all
caseys said:
2-14%, dependent upon how many miles the vehicle can go on electric range. So yes pure EVs like Tesla, 93a-i3 etc will probably be 2%. An Outlander/C350e/Prius/330e will probably be at the 14% range.
But isn't this ridiculous ?

BMW create the lightest electric city car with a big enough battery for most daily requirements, a piece of Eco jewellery.

Tesla create a load lugging yankee motor that combines big weight and a bigger battery --- in order to recreate a conventional car but with a big battery and big electric motor ...

And you pay more BIK for the carbon chassis'd i3 ....

Bonkers ...

oop north

1,604 posts

133 months

Wednesday 30th November 2016
quotequote all
ChrisW. said:
But isn't this ridiculous ?

BMW create the lightest electric city car with a big enough battery for most daily requirements, a piece of Eco jewellery.

Tesla create a load lugging yankee motor that combines big weight and a bigger battery --- in order to recreate a conventional car but with a big battery and big electric motor ...

And you pay more BIK for the carbon chassis'd i3 ....

Bonkers ...
I doubt the rate will be more for the i3 - this is likely a move to penalise phev cars that can only do 10-30 miles whereas the i3 can do 100+

Leggy

1,020 posts

227 months

Thursday 1st December 2016
quotequote all
What will be the 2020 BIK rate for the 50-70 co2 band?