HM Revenue and Customs (HMRC) has confirmed new advisory rates for electric company cars, which will take effect from June 1. Drivers using public chargers will incur a charge of 15p per mile, while those charging at home will be charged 7p per mile. These rates are applicable for business travel reimbursement and for employees repaying costs for private travel. HMRC reviews these advisory fuel rates quarterly, with the latest increase reflecting rising fuel prices due to geopolitical tensions, particularly following the Iran war. Despite the overall increase in fuel prices, the rates for fully electric vehicles have not changed this quarter. The advisory rates are based on calculations using electricity costs and consumption data from various governmental departments. Drivers can also use higher amounts than the advisory rates if they can substantiate that their actual costs per mile are greater. The new rates will be reviewed again in September.