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Electric Vehicles: Car Allowances

Asked by Mr Richard HoldenConservativeTreasuryTabled Answered 13 July 2026UIN 16597

The question

To ask the Chancellor of the Exchequer, if she will make it her policy to assess the fairness of calculating company car benefit-in-kind tax on used electric vehicles using the vehicle's original P11D list price rather than its current market value, in the context of significant depreciation in used electric vehicle values.

Answered by Dan Tomlinson

The Government considers P11D list prices the fairest and most practical way to calculate benefit-in-kind liabilities for company cars and has no plans to move away from this approach. However, the Government will keep the second-hand EV market under review and continue to monitor developments closely.

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