Company Cars: Taxation
(asked on 20th June 2018) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect of the company car tax rate on consumer demand for electric vehicles.
This question was answered on 28th June 2018
Together with the wider support the government provides, the company car tax system aims to encourage the uptake and manufacture of ultra-low emission vehicles (ULEVs) by providing an incentive for motorists to choose zero-emission and other low CO2 emitting models.
In 2017, sales of ULEVs were 1.8% of all new cars, and the UK was the second largest market for ULEVs in the EU.