UK Budget Sparks Pushback Over Rising EV and Plug-In Hybrid Fleet Taxes
The UK Autumn Budget outlined upcoming benefit-in-kind tax increases through 2031, drawing criticism from fleet operators who warn the changes could slow fleet decarbonization. Under the finalized roadmap, taxable rates for electric company cars will rise from 4% in 2026/27 to 10% by 2030/31, substantially increasing monthly costs for drivers. Plug-in hybrid models face even steeper percentage adjustments, prompting industry concern over long-term electrification incentives.