If you’re looking at getting a new company car, then you might want to consider getting a plugin hybrid.
Plugin hybrids are becoming increasingly popular, and we predict that they will only become more popular in the coming years.
But, why do they make good company cars?
In this article, we look at 5 reasons why we think your next company car should be a plugin hybrid.
What is a plugin hybrid?
Before we start, we’ll explain exactly what a plugin hybrid is. A plugin hybrid runs on both electricity and fuel.
A plugin hybrid will run on electricity for as long as possible, until its battery gets to a pre-determined level. It will then switch to fuel, a majority of plugin hybrids run on petrol but there are some diesel plugin hybrids on the market.
You then recharge the battery via a plug, either a normal plug in your house or a charging point that is installed in your home or garage when you get the car.
That’s essentially it, a plugin hybrid will run on electricity as long as possible, and will only use fuel when the battery has reached is lowest point. So now we can look at the reasons why a plugin hybrid would make a good company car.
1. They are great for the environment
This is quite an obvious one but it would be silly for us not to mention it. Plugin hybrids are great if you want to lower your carbon footprint. They produce very little emissions, so little in fact, that they are considered ultra-low emission vehicles. This means that they produce 75g/km of CO2 or less. This is enormously beneficial for the environment and for many other reasons which we will go into more detail about further down.
If you want to lower your carbon footprint but are unsure whether an electric car is right for you, then a plugin hybrid is definitely the way forward.
2. No range anxiety
An electric car is a big jump. And many people are worried about range anxiety. Range anxiety is, quite simply, the fear that you are going to run out of battery before reaching a charging point or your final destination. Sort of like when you’re on the train and your phone hits 10%, but with a car.
Anyway, a plugin hybrid is a happy medium. You get the low emissions of an electric car but you don’t get the range anxiety as you have the combustion engine to fall back on. This means that plugin hybrids make perfect company cars as if you are travelling long distances for work then you won’t have to worry about finding a charging point.
3. Low running costs
Regardless of whether you or your employer pays for fuel, one of the great things about plugin hybrids is that they have very low running costs. Admittedly, they aren’t as low as electric cars but they do cost less to run than your average fuel-powered car or even standard hybrid. This is because you won’t have to fill up your fuel tank as regularly and charging your plugin hybrid is not as expensive as you may think. In fact, you can charge your plugin hybrid for as little as 2p/per mile.
This isn’t including the fact that they are exempt from congestion charge and you won’t have to worry about things such as ultra-low emission zones in the capital and other cities. Fight the system…exactly how they want you to fight it.
4. Low company car tax
Speaking of low cost, plugin hybrids are great for company car tax. This is because of their low CO2 emissions as company car tax is predominantly based on how much CO2 your company car emits.
Therefore, the lower the CO2 emissions, the lower the company car tax. As of April 2017, there will be more bands for the low emission cars, meaning that you could end up paying more in company car tax. However, you can reduce this as much as possible by opting for a plugin hybrid. You can read more about the company car tax changes here.
5. They are technologically advanced
Plugin hybrids are the future. There’s no doubt about that. Obviously I’m not saying that fuel-powered cars will become obsolete anytime soon, but plugin hybrids will become increasingly popular and they will soon become the next Vauxhall Corsa or Ford Focus. But slightly more hi-tech.
Many plugin hybrids come with things such as heated seats and climate control as standard as well as offering more technology as standard than a fuel-powered car. And what’s better than having a company car that has the latest technology? Not a lot.
So, there five reasons why your next company car should be a plugin hybrid. They are great for the environment, cost little to run and to tax, and equipped with the latest technology. If you are looking for a low emission car but don’t want to take the plunge and go fully electric then a plugin hybrid is for you. Or perhaps you are doing longer journeys and therefore like the fact that you have a combustion engine to fall back on should you run out of charge. Or maybe you just like the idea of a plugin hybrid. Whatever your situation, a plugin hybrid will make the perfect company car.