The future of automotive transport lies in hybrid and electric cars. Not only do they offer the same innovative features that we love in regular cars, they’re also better for the environment and your bank balance!
Typically, hybrid and electric cars are 20 to 35% more efficient than their petrol and diesel counterparts. To help you choose the best electric or hybrid lease deals, we’ve selected our best offers below.
What are the benefits of having a hybrid or electric car?
The average electric car can travel between 60 and 120 miles on a full charge. With most UK citizens travelling fewer than 30 miles per day for work, an electric car is ideal for normal day-to-day commuting.
You can charge your electric car from standard mains or charging points at home or work, helping you to save money straight away.
However, if you tend to drive more miles, a hybrid option would be a better choice. This type of vehicle combines an electric motor with a small petrol engine to increase the vehicle’s miles per gallon (MPG) and help you save money on refuelling costs.
Cars classed as ‘ultra-low emission vehicles’ (ULEV), or anything producing fewer than 75g/KM Co2, are exempt from certain tax charges. These types of vehicles also qualify for exemption from the London congestion charge.
Cars that come under the ULEV bracket don’t have to pay any fuel duties when they need to re-fuel or charge.
There are government grants available to help contribute up to a maximum of £4,500 towards your vehicle. These do not just apply to cars bought outright; hybrid lease deals can qualify too, thereby reducing the overall leasing cost.
Vehicle Excise Duty (VED)
Every vehicle on the road today is subject to a yearly VED charge. However, electric or hybrid-powered vehicles can qualify to have the standard charge reduced, up to as much as 100%! Cars that sit below the £40,000 threshold and produce no emissions are exempt from the initial VED charge.
Value Added Tax (VAT)
Vehicles charged through mains at home or work are subject to a charge of just 5%, far lower than the 20% being charged at normal fuel pumps for conventional cars.
Cheap Company Car Tax
Company car tax is dictated by the value of the vehicle, and, most importantly, its emissions output. Hybrid and electric cars produce less CO2, which reflects well on company car tax schemes. You could make significant savings when compared to a petrol or diesel-powered car on a similar model.