Quote:
Originally Posted by Floriank
Simple Calculation as a UK Tax Payer for Company Car purposes:
Over the 3 years I normally keep a vehicle, the T8 will give me a minimum Tax saving of £20,160
And, as a business owner I can write off the full £59,955 for the plug-in hybrid against Corporation Tax in the first year.
There's your reason for buying a plug-in hybrid, here in the UK at least.
Now let's see, a hybrid (even the T8 with it's near 400hp output) will be a little less satisfying to drive than a V8 but hey, £20,160 might just buy me a little toy for weekend trips to make up for it...
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Those are dramatic tax savings. However, I bet the cost of each ton of CO2 reduced as compared to the diesel vehicle is huge, if any CO2 is reduced in practice. Meanwhile, the rest of the taxpaying public is paying for this.