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An electric company car is taxed at 4% of its list price in 2026/27, and the rate rises each April to 10% in 2030/31, still far below plug-in hybrids from 2028 and petrol cars.
MHEV stands for mild hybrid electric vehicle: a petrol or diesel car with a small 48-volt motor that helps the engine but can never drive the car on electricity alone.
From 1 April 2028 electric cars pay 3p a mile and plug-in hybrids 1.5p a mile in Electric Vehicle Excise Duty, on top of normal road tax, so a typical EV driver pays about £240 to £270 a year.