PBR 09: Electric car exempt from tax

The UK government will now exempt all electric cars from company car tax for the next five years, Alistair Darling has announced in his pre-Budget report today.

He added that all electric vans purchased would recieve a 100% first year allowance as well as being exempt from the van benefit charge for five years.

The chancellor also allocated £30m in funding to support the development of low-carbon transport.