Mileage Allowance 2024 For Electric Cars

Mileage Allowance 2024 For Electric Cars. As of 1 march 2024, the hmrc mileage rate for fully electric cars is set at 9 pence per mile. The 2% bik rate is set to remain at 2% for the 2024/25 tax year, after which it will increase by 1% a year each year to reach 5% in 2027/2028.


Mileage Allowance 2024 For Electric Cars

The previous advisory fuel rate (afr) for electric cars was 8p per mile before it was updated to 7p per mile effective september 2024. Rates and allowances for travel including mileage and fuel allowances.

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