Benefit In Kind On Electric Cars 2024/25. Benefit in kind (bik), is often referred to as company car tax. Company car tax, officially known as benefit in kind tax (bik), is calculated based on the p11d value of the vehicle, its co2 tailpipe emissions and the employee’s income tax band.

Electric vehicles (evs) continue to enjoy the lowest bik tax rates. The lower tax rates for electric vehicles in the tax years 2023/24 and 2024/25 make driving electric even more appealing.