No, as far as we understand, the current HMRC guidance is that output VAT does not apply to company cars provided for employees. See Section 2 (Intro to The Electric Car Scheme) for more information.
Disclaimer:
The Electric Car Scheme is not authorised to provide tax, legal, HR or accounting advice. Content or information provided or made available by The Electric Car Scheme is for general information only and is not tax, legal, HR or accounting advice on which reliance can or should be placed.