The Future of Company Cars: PHEVs and EVs Leading the Way
As the automotive industry evolves, plug-in hybrid electric vehicles (PHEVs) and fully electric vehicles (EVs) are emerging as top choices for company fleets. Advancements in battery technology and favorable tax incentives are driving this shift.
A selection of our top Pick of PHEV vehicles:
Volkswagen Tiguan PHEV
The new VW Tiguan PHEV features a larger battery, delivering over 70 miles on electric power alone. This extended range reduces fuel costs and emissions, while the 5% Benefit-in-Kind (BIK) tax rate makes it a cost-effective option for both employers and employees.
Cupra Formentor
Sister to the VW Tiguan, the Cupra Formentor also benefits from a larger battery and an updated engine. With its enhanced electric range of over 70 miles and a low 5% BIK tax rate, it’s an excellent choice for company car fleets.
BMW 330e PHEV
The BMW 330e PHEV offers more than 70 miles of electric range and benefits from the same 5% BIK tax rate. It combines luxury and efficiency, making it a desirable option for premium company cars.
Electric Vehicles (EVs)
Fully electric vehicles now offer ranges exceeding 350 miles on a single charge, making them viable for both daily commutes and longer trips. With expanding charging infrastructure, EVs are becoming more practical and appealing.
A selection of our top Pick of EV vehicles:
Polestar Long Range Single Motor
The Polestar Long Range impresses with an official range of over 400 miles. It features an Android-powered infotainment system with Google services and maintains high standards of quality and safety as part of the Volvo family.
Tesla Model 3
Known for its groundbreaking role in the EV market, the Tesla Model 3 offers a range of up to 390 miles. The Performance model accelerates from 0-60 mph in just 2.9 seconds. With a minimalist interior, a 15.4-inch touchscreen, and advanced Autopilot features, it’s a top choice for those transitioning to electric driving.
BMW i4
The BMW i4 combines dynamic performance with premium electric driving. The 83.9 kWh version achieves 360 miles of range and features a powerful motor with acceleration from 0-60 mph in 3.9 seconds. Its high-quality interior and intuitive infotainment system reflect BMW’s commitment to driving pleasure and sustainability.
MG4
The MG4 stands out with its blend of affordability and functionality. The Long Range version offers up to 280 miles of range, with a stylish design, spacious interior, and user-friendly infotainment system. The MG4 XPower model delivers high performance, rivaling brands like Porsche, while remaining budget-friendly.
Why These Vehicles Make Great Company Cars:
- Low BIK Tax: The 2% BIK rate and 5% BIK rate on PHEVs with extended ranges provides substantial savings.
- Reduced Fuel Costs: Extended electric ranges minimize fuel needs for short to medium distances. Charging at home can greatly reduce your fuel costs and make a big saving on your ppm
- Environmental Impact: Lower emissions align with corporate sustainability goals.
- Increased Range: Enhanced battery technology ensures versatility for various driving needs.
The latest PHEVs and EVs are becoming increasingly viable and cost-effective options for company cars. Now is the ideal time to consider making the switch to electric.
To find out more about these and other similar vehicles, drop us a message using the form below or give us a call on 01242 500 007 and we will be happy to answer any questions that you may have.