[MafellUser]

Completely absence from this are the loss due to lower Benefit in Kind (BIK) for Electric vehicles, and First Year Allowances for EV purchases. Driving an EV means only paying 1-2% per year tax compared to 30-40% for a locally polluting vehicles. First Year allowances mean you claim back 100% of the cost of the EV to offset any taxable income.

These business rates mean owning an EV outright as a normal employee is very dumb. Would you rather pay £300 per month for a PCP on a Zoe, or £150 a month for a Taycan as a company car?

[Gordonjcp]

Given that only two cars I've ever owned in 25 years of driving cost more than £300 to buy outright, I can't imagine paying £300 per month for any sort of vehicle.