Electric Vehicle Bik 2024 Lok. The government set the benefit in kind (bik) rate for each vehicle class depending on how much co2 a vehicle produces. For all fully electric cars on sale, the bik rate is 2% during the.
Minister for finance michael mcgrath unveiled budget 2024 this week, featuring significant measures for the automotive industry. The benefit in kind (bik) regime is also.
In Short, The More Polluting The Vehicle, The Higher Its Bik Rate Is.
Less exemption that applies for 2024 :
The Exact Co2 Figure Is Always Rounded Down To The Nearest 5 Grams Per Km โ Except Where Noted In The Table.
You can also download the full company car bik formula here.
โฌ35,000 X 18% = โฌ6,300.
Images References :
The Bik Charge Is Calculated By Multiplying The Cev By The Appropriate Bik Rate, And Then Adding The Co2 Surcharge.
The reduction is not applicable to cars in category e.
The Bik Rate Staying Low For Evs Gives Drivers Great Savings And Incentives To Switch To Electric.
So, to work out the benefit in kind payable for an electric car, take the current bik rate as a percentage of the list.
In Budget 2024, Minister Mcgrath Announced An Extension To The Temporary Bik Relief Announced.