EV leasing booms following Benefit in Kind tax changes

By |2020-10-08T16:08:36+01:00October 7th, 2020|Categories: Leasing & Finance News|Tags: , , , |

The growth in EV leasing has contributed to an increase in total EV registrations of 157% so far this year, as combustion car sales slump by an average of 52%. On April 6 2020, the UK government eliminated Benefit in Kind (BIK) tax for drivers using an EV, instantly making leasing an EV through workplace salary sacrifice schemes very attractive.