Company Cars: Taxation

Treasury written question – answered on 28th June 2018.

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Photo of Mark Pawsey Mark Pawsey Conservative, Rugby

To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect of the company car tax rate on consumer demand for electric vehicles.

Photo of Robert Jenrick Robert Jenrick The Exchequer Secretary

Together with the wider support the government provides, the company car tax system aims to encourage the uptake and manufacture of ultra-low emission vehicles (ULEVs) by providing an incentive for motorists to choose zero-emission and other low CO2 emitting models.

In 2017, sales of ULEVs were 1.8% of all new cars, and the UK was the second largest market for ULEVs in the EU.

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