Company Car Benefit

[EasilyVexed]

Hi,

I appreciate this may seem trivial but a question I was hoping may be answered nonetheless.

I have a list of options for a new company car and it is exclusively weighted towards electric vehicles. The range of fossil fuel burning vehicles varies in cost between £22k-£32k, and the electric options vary in cost between £35k-£55k. With this discrepancy in cost comes quality, prestige etc…

Due to conditions at my current address, I have no feasible way of charging an electric vehicle at home. If I were to take an electric vehicle, I would only have the option of public charging. This would cost more per mile than my company is prepared to remunerate.

The company’s remuneration scheme is reasonably generous. Someone who can charge exclusively at home can actually make money.

The list of vehicles available is not specific to me and anyone in my salary band has exactly the same choices. It feels like I’m being pushed towards a ‘lesser’ benefit than my contemporaries purely due to my living arrangements.

Is there discrimination in level of benefit being offered?

I have two options as I see it - Either pay out of my own pocket for business mileage in an electric vehicle or take a diesel car worth considerably less.

Thank you in advance for any constructive answers/advice.

[Pezza54]

Hi
Welcome to LB
You have not mentioned the most important cost factor - BiK
Electric cars presently have a BiK rating of 2%, increasing by 1% a year to 5%
Petrol and diesel cars can have a BiK rating up to 37% depending on CO2 emissions
You should factor in Bik to your calculations. You will probably find there is a big financial saving to have an electric company car as opposed to a petrol or diesel one.
At the end of the day your decision should be based on the availability of public charging, and if you decide on an electric car, choose one with fast charging capability