New advisory fuel rates (AFRs) for company car mileage reimbursement have been published by HMRC.
The new rates include several reductions, such as the advisory electricity rate for EVs going down from 8p to 7p per mile.
Reduced rates have also been announced for all petrol and diesel cars.
Hybrids are treated as either petrol or diesel cars for AFR purposes.
The new rates will apply from 1 September, 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 1p)
Over 2,000cc: 24p (down by 2p)
Diesel:
1,600cc or less: 12p (down by 1p)
1,601cc to 2,000cc: 14p (down by 1p)
Over 2,000cc: 18p (down by 2p)
LPG:
1,400cc or less: 11p
1,401cc to 2,000cc: 13p
Over 2,000cc: 21p
Electric:
7p (down by 1p)
