Supercar / Sportscar PHEV Company Cars?

[Rob_F]

Reason for posting here not in Finance/Supercars or Car Buying is that it spans all these topics.

We all know tax incentives have heavily shaped the car market in the UK for a while, whether it’s towards diesels, then away, then towards PHEVS, then those 4 door pick-ups, and now of course pure EV.

PHEVs can still work out well, so question is, does anyone know if for those with a few quid, does something like the 296 GTB actually start to make sense again as a company car? Or, are there any other of these new breed super cars which are going to be very popular with directors who have a good accountant?

I’m intrigued!

Cheers
Rob

[samoht]

Company car tax bands https://www.autoexpress.co.uk/car-news/consumer-ne... or https://www.fleetnews.co.uk/fleet-faq/what-are-the...

Answer, yes and no.

To benefit from the plug-in specific lower rates of tax, a car must have CO2 emissions lower than 50 g/km. You then pay 2, 5, 8 or 12% based on the electric-only range.

The facelifted BMW i8 extends its official electric range to 34 miles, getting it into the 12% band.

The Artura at 129 g/km and 296 GTB at 149 g/km don't qualify for the hybrid-specific tax breaks. However, the hybrid systems do lower their official emissions, putting them at 30% and 34% respectively, vs the normal top band that any non-hybrid supercar would fall into of 37%.

So a worthwhile saving compared to an F8 or a 570S, but not a game-changer.


Given the withdrawal of the i8, the cancellation of the Jag CX-75, and the general push towards full electric, I think the weight of batteries needed to score a truly low BIK tax rate probably mean we won't see such a car, or at least I can't think of any.

Will have to save your pennies and get a Lotus Evija, Pininfarina Battista or Rimac Nevera to truly get one over Rishi Sunak, Nadhim Zahawi or whoever's in Number 11 this week.

[Rob_F]

Thank you for that comprehensive analysis! I’d sort of come to the same conclusion but good to know I’m not missing anything. I suppose an i8 could still work out quite well but, it’s not really massively appealing.

Rob

[HelldogBE]

Not sure if a Polestar 1 is enough of a sportscar but it has 600hp and falls into the lowest bracket at 15g/km CO2.

Then there's some interesting powerful normal cars:
Volvo S60/V60/V90/XC90 T8 - 390hp
BMW 330e/530e - 290hp standard, 420hp stage one
BMW 545e - 394hp standard, 500hp stage one

[jaydeeuk1]

Rob_F said:

Thank you for that comprehensive analysis! I’d sort of come to the same conclusion but good to know I’m not missing anything. I suppose an i8 could still work out quite well but, it’s not really massively appealing.

Rob

Also bear in mind to be offset 100% against corporation tax for capital allowances, the car needs to be brand new as well as being electric only.