Benefits of Electric vehicles

• They do not require any form of fuel, meaning trips to the filling station are a thing of the past
• They can be pricey, although savings on fuel and financial incentives can outweigh the cost of the vehicle
• Apart from the BMW i3 range extender, electric cars do not come with the “back up” of a combustion engine, therefore “range anxiety” is an issue
• There will be no more trips to the petrol station, but you will usually have to plug your EV in each night, depending on your range requirement and its range capability
• Electric vehicles are great news for company car drivers; in the current tax year (to 5th April 2014/15), all EVs are BIK tax exempt – going forward, the Percentage charge will be 5% in 2015/16 and 7% in 2016/17

Benefits of Plug in hybrid vehicles

• Plug in hybrids not only have an electric motor, but also fitted with an engine – thus eliminating the electric only “range anxiety”
• Whether fitted with a petrol or diesel engine, a Plug in hybrid will still need fuel – therefore you’ll still incur fuel costs – but they will be a lot less than for a standard engine on its own
• Plug in hybrids are also usually more expensive to buy than those fitted with conventional engine.  alternative but again, savings and incentives can result in overall savings
• Plug in hybrids cost less to run fuel-wise than a normal engined vehicle, but more to run than an electric vehicle
• Once again, BIK tax implications for company car drivers are beneficial – currently, in tax year 2014/15, the plug in hybrid percentage charge is 5% and (like the EV), in 2015/16 the charge will be 5% 2016/17 it will be 7%