Company cars are popular amongst many businesses as an employee incentive however, the potential tax implications are rather less appealing and choosing the wrong car can prove very expensive.

A big portion of how much company car tax you pay depends on the amount of CO2 emissions that the car produces.

We have pulled together some of the best electric vehicles for your company fleet; electric vehicles are eligible for a 1% Benefit-in-Kind (BiK) company car tax rate in 2021/2022 and rising to 2% in 2022/2023.

Whilst on the other hand, petrol and diesel company car tax rates are increasing, a diesel vehicle can pay up to 33% in 2022/2023. From a cost perspective, that is a difference of £1,860 per a year.