The benefits to plug-in hybrid and electric vehicles...

The benefits to plug-in hybrid and electric vehicles...

It's probably fair to say that one day the electric car market will shape all our future new car purchases... This ever-expanding market for electric car production seems to grow on a daily basis. Some of the world's largest prestige manufacturers are increasing their often vast model range to include such hybrid and electric variants.

The UK government proposed company car tax incentives for cars registered after the 5th April 2020 on hybrid and the electric vehicles, really couldn't fail to be more appealing to prospective new car buyers at present. Resulting in some fully electric vehicles attracting 0% benefit in kind (BIK) for the first year (2020/21), and are said to increase by only to 1% from April 2021 and 2% from April 2022.

We personally feel that a massive consideration at this particular time is an individual's annual mileage when deciding on a potential hybrid or electric vehicle replacement. Albeit mobile electric charging points are forever on the increase, we appreciate that new car buyers with a higher than average annual mileage, or more importantly experience longer round trips than a fully charged battery capacity can facilitate, has to become a real conundrum.   

Hybrids/Phev vehicles, on the other hand, may well be the answer for some potential customers at present and provide the adequate stepping stone to a fully electric vehicle given time. They often attract a much lower BIK than the alternative petrol and diesel equivalent vehicles within the model range. However, those willing to take the plunge and go fully electric with their new car choice, are not only doing their bit for the environment but shall be duly rewarded from a BIK perspective of 0%.

These new UK government proposed company car tax incentives have compelled Nucar to launch our new hybrid/electric new car campaign for 2020. We have chosen numerous vehicles offered by some of our most popular manufacturers to showcase not only what we can offer with regard to Nucar deals, but what these vehicles incur from a proposed BIK perspective. So, why not see what we can offer by viewing our new plug-in hybrid and electric vehicle campaign.

Our new hybrid/electric new car campaign has been built around company car uses based upon business contract hire (BCH), however, we're able to facilitate a wide range of finance solutions for both company users and individuals alike, therefore please feel free to contact us in order to discuss your requirements on 0113 2525126 or email us on enquiries@nucar.co.uk       

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