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In 2015 there’s going to be quite a hike in company car tax for drivers of low-CO2-emitting cars.
As we reported, trade groups are calling for the Government to make the change far more gradual to stop motorists having to foot the bill.
With that in mind, we’ve laid out the cars which will be affected and how much extra you’ll have to pay in tax. Granted, some aren’t out yet and one of them is extremely unlikely to be a company car, but it illustrates the problem all ultra-low-CO2 cars will have.
What is it? If you were asked to name a hybrid car, the likelihood is you’d pick the Prius. Toyota has manufactured an entire brand around its petrol/electric car, and the latest version uses new battery technology and a plug socket to return impressive CO2 emissions and fuel economy. CO2 emissions: 49g/km P11d value (Including £5,000 Government grant): £27,840 Cost per month now*: £55 Cost per month in 2015*: £121 |
What is it? Vauxhall’s version of the General Motors range-extender car. Extremely similar to the Chevrolet Volt, it’s an electric car which has a small petrol engine to charge the batteries once range has run out. This allows for some seriously impressive claimed efficiency figures. CO2 emissions: 27g/km P11d value (Including £5,000 Government grant): £32,195 Cost per month now*: £54 Cost per month in 2015*: £161 |
What is it? Chevrolet’s version of the range-extender car from GM. It’s slightly cheaper, but uses the very same powertrain and chassis as the Vauxhall car. It’ll hit 62mph in nine seconds, while fuel economy is a claimed 235mpg on the combined cycle. Our reviewer saw more like 70mpg over mixed driving. CO2 emissions: 27g/km P11d value (Including £5,000 Government grant): £29,940 Cost per month now*: £50 Cost per month in 2015*: £130 |
What is it? OK, so this isn’t exactly your archetypal company car, and it isn’t out until November 2013. It does illustrate the hike in costs fairly well, though. The hybrid supercar will hit 62mph in 3.2 seconds, yet is capable of claimed fuel economy of 94 mpg and crucially CO2 emissions of 70g/km. It uses a combination of a 500bhp V8 petrol engine and a pair of electric motors making around 218bhp. CO2 emissions: 70g/km P11d value: £500,000 (approx.) Cost per month now*: £833 Cost per month in 2015*: £2,166 |
What is it? A Plug-in version of Volvo’s V60, this car differs from the others in this article in that it uses diesel power rather than petrol. There’s up to 600Nm of torque available when the 2.4-litre 212bhp engine works with the 69bhp electric motor, which means 0-62mph is possible in 6.2 seconds. CO2 emissions: 49g/km P11d value (Including £5,000 Government grant): £42,000 (approx.) Cost per month now*: £70 Cost per month in 2015*: £182 |
*Cost per month is based on the current P11d value of the car, and calculated on the 40% pay scale.
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