Which vehicles have the cheapest company car tax bills?

In value for money terms, the MG4 makes a good case for paying a little extra tax. Similar in size to the Volkswagen ID.3, it has space for a family of five, a 218-mile range and charges five times faster than the Smart.

Monthly Benefit-in-Kind (20%/40%): £8.83/£17.66

Cheapest motorway cruiser: MG4 EV SE Long Range

MG’s game-changing hatchback combines Tesla-like touring capability with a list price closer to petrol and diesel cars. The larger of its two battery options offers a range of 280 miles, with 201bhp, adaptive cruise control and the usual Apple and Android smartphone connectivity to make light work of long drives. Plug it into a rapid chargepoint, and you’ll get 200 miles back in around half an hour.

Monthly Benefit-in-Kind (20%/40%): £9.81/£19.63

Also consider: Hyundai Kona Electric Premium (64kWh)

The Kona has been with us for almost six years, but it’s still a great all-rounder. It’s the 300-mile car with a list price under £40,000, and it’s one of the most efficient EVs on the market – so you’ll be spending less time and money at expensive motorway chargepoints.

Monthly Benefit-in-Kind (20%/40%): £12.57/£25.13

Cheapest tow car: Polestar 2 Standard Range Single Motor

Towing would once have been the Achilles heel of electric cars, but it’s becoming a more common feature in new models. If you need to tow a four-berth caravan, then the entry-level Polestar 2 provides the most pulling power for your money, at up to 1,500kg (braked). Options include a semi-electric towbar and roof rack with a 75kg weight limit, and it’ll travel 300 miles to a full charge once you unhitch the trailer.

Monthly Benefit-in-Kind (20%/40%): £14.97/£29.93

Also consider: Hyundai Ioniq 5 Premium 217hp RWD 77kWh

There’s more to the IONIQ 5 than futuristic styling. It can pull an extra 100kg of trailer weight compared to the Polestar 2 and, unlike the base-spec version of its Kia EV6 sister car, there’s an outlet for you to run a kettle off while you’re taking a break.

Monthly Benefit-in-Kind (20%/40%): £15.03/£30.06

Cheapest seven-seater: Citroën ë-Berlingo XL Feel 

Although it’s based on the ë-Berlingo van, Citroën’s electric MPV feels closer to a car when you’re behind the wheel. It offers a range of 174 miles and rapid charging, seven full-size seats, including six that fold and two that can be removed, and sliding doors for easier access in tight spaces. Peugeot and Vauxhall have similarly priced variants of the same vehicle, if you’re not keen on Citroën’s family styling.

Monthly Benefit-in-Kind (20%/40%): £11.09/£22.17

Also Consider: Citroën ë-SpaceTourer M Business Edition

If you need as much room on board as possible, then the entry-level ë-Spacetourer is the cheapest way to transport nine adults around. However, there is a huge price gap if to step up to the more car-like trim levels – and those only get eight seats.

Monthly Benefit-in-Kind (20%/40%): £12.35/£24.70

Cheapest performance car: Tesla Model 3 Performance

It’s one of the fastest accelerating production cars on the market but, following a recent price cut, the flagship of the Model 3 line-up is staggeringly good value as a company car – if your choice list allows it. This compact executive saloon will reach 62mph in 3.2 seconds, offers enough space for the family and has the advantage of Tesla’s excellent Supercharger chargepoint network. It’s hardly surprising that it’s the UK’s most popular electric car.

Monthly Benefit-in-Kind (20%/40%): £19.30/£38.60

Also consider: Polestar 2 Performance Pack