What should I be paying?
We’d better tackle the price first. Fifty-odd grand for a Peugeot with a 1.6-litre engine seems punchy. But spec a BMW 330e up to similar levels and you’ll be paying similar cash for a hybrid saloon or estate with notably less power.
Peugeot reckons the vast majority of PSE buyers will be company car uses. Given its dreamworld 46g/km and 139mpg figures yield 12 and 13 per cent BIK rates (for Fastback and SW respectively), that makes sense. It’s a tougher sell on the private lease market: perusing some finance calculators at the car’s April 2021 introduction got us a £950-per-month deal when the Audi S4 and BMW M340i are around £650 on the same terms.
It’s worth noting that Peugeot throws in almost everything as standard, though. Key options are paint (grey is standard, black is £575, white is £725 – nothing more gaudy is on offer) and whether you want a panoramic sunroof (£870) or the numerous decals stuck upon those bold little aero flicks (deleting them is a no-cost option).
While Peugeot claims 26 miles of electric-only range, bargain on around 15 when the weather’s shaky. A full charge takes just under two hours if you’ve fitted a wall box at home, or seven hours on a regular three-pin plug. Overnight, basically.
You can charge it on the move, by activating brake regen from the gear selector and choosing between keeping six, 12 or the full 26 miles of range in the bank, but you probably shouldn’t. It eats into fuel consumption and you’ll only be doing it for your own feelgood factor.
Buy into the 508 PSE as a hybrid car, and you’d better be plugging it in. Treat it purely as a performance car – something Peugeot won’t offer again without some form of electrification – and your average fuel economy might not be much better than petrol-only rivals.