Top 10 PHEV Company Cars to Reduce Your BIK Tax Bill

Are you a business driver looking for a smart way to save on taxes while enjoying the benefits of a company car? Plug-in hybrid vehicles (PHEVs) could be the ideal solution for you! Not only do they combine the efficiency of electric power with the reliability of traditional engines, but they also come with significantly lower tax implications compared to conventional petrol or diesel cars. In this article, we’ll explore the ten best PHEVs that can help lessen your benefit-in-kind (BIK) tax bill.

Understanding Plug-in Hybrids

PHEVs are unique vehicles that feature both an internal combustion engine and an electric motor, powered by a rechargeable battery. This combination provides unparalleled flexibility, allowing you to drive on electric power alone for distances typically between 30 to 75 miles before switching to petrol or diesel. With a PHEV, you can enjoy long journeys without worrying about charging, making them an exceptional choice for business drivers who cover significant mileage.

The primary advantage for company drivers is the reduced CO2 emissions associated with PHEVs, which translates into lower BIK tax bills. For example, while many traditional vehicles might fall into a 27% tax bracket, PHEVs usually range between 6% and 15% based on their electric-only range. Thus, selecting a PHEV is not just environmentally friendly but also financially savvy.

1. BMW 5 Series

The BMW 5 Series stands out as a classic in the executive car segment, featuring refined design and luxury.

Specifications

• Powertrain: Turbocharged 2.0-litre petrol paired with an electric motor
• Power: 295bhp
• Electric Range: 60 miles
• BIK Rating: 8%

Pros

• Impressive performance and handling
• Comfortable interior with top-notch technology

Cons

• Complex infotainment system

2. Škoda Superb iV

Renowned for its spaciousness and comfort, the Škoda Superb iV combines practicality with hybrid efficiency.

Specifications

• Powertrain: 204bhp plugin hybrid
• Electric Range: 60 miles
• BIK Rating: 9%

Pros

• Exceptional interior space and comfort
• Good driving experience

Cons

• Not the most luxurious feel compared to competitors

3. Mercedes-Benz C-Class C300e

The Mercedes-Benz C-Class merges the prestige of the brand with efficient driving, making it a top choice for business professionals.

Specifications

• Powertrain: Turbocharged 2.0-litre with an electric motor
• Power: 308bhp
• Electric Range: 70 miles
• BIK Rating: 6%

Pros

• Quiet and comfortable ride
• High-quality interior

Cons

• Limited boot space

4. Land Rover Range Rover P460e

For those in need of luxury combined with off-road capability, the Range Rover remains unmatched.

Specifications

• Powertrain: Powerful hybrid engine
• Electric Range: Over 70 miles
• BIK Rating: 8%

Pros

• Outstanding comfort and off-road ability
• Luxurious interior finish

Cons

• Heavy and expensive

5. Citroën C5 X Plug-in Hybrid

The Citroën C5 X offers a distinctive design and comfort, perfect for those who value relaxation on the road.

Specifications

• Powertrain: 222bhp combined power
• Electric Range: 39 miles
• BIK Rating: 13%

Pros

• Comfortable ride with spacious interiors
• Unique styling

Cons

• Mediocre driving performance

6. Volkswagen Golf PHEV

The trustworthy Volkswagen Golf continues to impress with its plug-in hybrid variant, offering excellent fuel economy and versatility.

Specifications

• Powertrain: 201bhp petrol-electric
• Electric Range: 88 miles
• BIK Rating: 6%

Pros

• Strong blend of performance and efficiency
• User-friendly infotainment system

Cons

• Less engaging than previous models

7. BMW 3 Series 330e

The BMW 3 Series is known for its engaging driving dynamics and luxury features, ideal for the business driver.

Specifications

• Electric Range: Up to 63 miles
• BIK Rating: 8%

Pros

• Dynamic driving experience
• Sporty and responsive

Cons

• Choppy ride on bad surfaces

8. Porsche Panamera Turbo S E-Hybrid

For those at the top of the corporate ladder, the Porsche Panamera presents staggering performance along with hybrid efficiency.

Specifications

• Power: 671bhp
• Electric Range: 59 miles
• BIK Rating: 9%

Pros

• Exceptional performance and handling
• Luxurious interior with high-end materials

Cons

• High price point

9. Toyota C-HR PHEV

The Toyota C-HR, with its eye-catching design, delivers a compelling alternative for business users seeking a stylish crossover.

Specifications

• Powertrain: 220bhp hybrid
• Electric Range: 41 miles
• BIK Rating: 9%

Pros

• Bold exterior style
• Smooth driving experience

Cons

• Limited cargo space

10. MG HS SE

Rounding out our list is the MG HS SE, providing great value for money in the hybrid sector, equipped with a spacious interior and an impressive electric range for its class.

Specifications

• Electric Range: Up to 75 miles
• BIK Rating: Competitive

Pros

• Affordable pricing
• Generous interior space

Cons

• Less dynamic than competitors

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As a business driver, choosing a PHEV not only helps in making a positive environmental impact but also offers significant tax benefits through reduced BIK rates. With these highlighted models, you’re sure to find a plug-in hybrid that fits your needs perfectly. Additionally, utilize our online fast AI car diagnosis tool for quick assessments and insights about your vehicle here. Start maximizing savings and comfort by making the transition to a PHEV today!