The Advisory Electricity Rate (AER) for electric company car mileage reimbursement will be increased for the second time in three months.
The rate will be 9p per mile from 1 March, having stood at 8p since December, and previously at 5p since December 2021.
The new AER has been announced alongside new Advisory Fuel Rates (AFRs) for petrol and diesel cars, which have seen widespread reductions.
Hybrids are treated as either petrol or diesel cars for AFR purposes.
The new rates will apply from 1 March, but the old rates can still be used for up to one month from that date.
The new rates per mile are as follows:
Petrol:
1,400cc or less: 13p (down by 1p)
1,401cc to 2,000cc: 15p (down by 2p)
Over 2,000cc: 23p (down by 3p)
Diesel:
1,600cc or less: 13p (down by 1p)
1,601cc to 2,000cc: 15p (down by 2p)
Over 2,000cc: 20p (down by 2p)
LPG:
1,400cc or less: 10p (unchanged)
1,401cc to 2,000cc: 11p (down by 1p)
Over 2,000cc: 17p (down by 1p
