plug in hybrid vehicles tax credit in uk

Lexus have always been a market leader in the Mild Hybrid arena and making the move into the PHEV market has been no different. Designed with quality and refinement in mind, the C-Class provides the sense of being a class leader compared to its competitors. With an electric-only range of 62 miles, bringing you within the 8% BIK banding. As with all the latest Mercedes models coming through, the updated technology and interior quality really gives you the premium creature comforts.Īn SUV isn’t for you? No problem, the C300e is a beautifully designed executive saloon and is also one of the first in the Mercedes line up. With an electric-only range of an impressive 80 miles, many clients won’t even use the petrol engine for the majority of the use. If you’re looking for something more compact and want to take advantage of the 5% BIK, the Mercedes GLC 300e is the one for you. Just beware, this latest version of Range Rover has jumped up in price since the last iteration, but with residual values very strong, we’re seeing some strong lease pricing.

Of course, with Range Rover the specifications from SE to Autobiography will give you a great span for utility and personalisation. With an electric only range of 70 miles, this allows for the lowest banding of 5% BIK, making an excellent proposition for a company car. Check out the list below.Īrguably the king of the SUVs and ticking all the boxes for style and luxury, doing what Range Rover do best.

The cars suggested balance our core brands' offering, with the best pricing in the market at present, and combine that with our favourites. To remove the hassle, our team of ‘Mavens’ have put together a list of the top 5 PHEV’s that you can get your hands on. We are starting to see PHEV vehicles arrive with as much as 80 miles of electric range, with one example the Mercedes GLC which will land from March 2023. The BIK rates start at 2% for full electric, with 4 further bandings up to 14% dependant on the level of “electric-only” range on your vehicle.

With the new taxation laws on ultra-low emission vehicles now confirmed through until 2028, now is the best time to make the move. At Pike + Bambridge, we have been asked by our clients for the best advice for the step into Plug-In Hybrid (PHEV) and what the leading vehicles are to take advantage of the benefit-in-kind (BIK) benefits through their businesses.

Plug in hybrid vehicles tax credit in uk