Hybrid, electric and other green cars deliver high fuel economy, therefore saving you money on fuel – whether that is petrol, diesel or electricity.
Electric cars are very cheap to run; they cost £2-£3 to fully charge, which gives a typical range of 100 miles. An average petrol or diesel car costs £12-£18 to drive 100 miles – in other words six times the cost of an electric car.
Cars that achieve high fuel economy also have low CO2 emissions. Low emissions result in tax savings in a number of areas.
Since 2001, cars in the UK have had their tax (vehicle excise duty) based on their carbon emission figure. A more economical car can currently save the owner hundreds of pounds in car tax each year. For example, a car in band A, B, C or D – up to 130g/km CO2 – pays zero tax for the first year, whereas a car in Band M, which emits over 255g/km CO2, pays £1030 for the first year.
Find out car tax rates and information on the fuel economy and emissions of all new cars on the market in the UK at: http://carfueldata.direct.gov.uk/
Company car drivers can save significant amounts of ‘benefit in kind’ tax by choosing a car with low emissions. There is zero benefit in kind tax to pay on fully electric cars, until 2015.
Cars with emissions of 100g/km CO2 or less are eligible for a 100% discount on the London Congestion Charge.