Choosing a company car? If you're running a small business, an electric car is the way to go!

Here's why:

• Electric cars are much cheaper on tax than petrol or diesel cars. They benefit from a much lower "appropriate percentage" which is applied to the car's list price to work out the tax bill. For example, an electric car has a 2% rate, whereas a petrol car with similar emissions could be 17%.

• No tax is charged for electricity used by an electric company car, whereas there is a separate tax charge for petrol or diesel provided by the employer.

In short, electric cars for businesses mean much lower tax bills!