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£81,141 when new
Mmmmmm. Hybrid. Indeed. PHEVs are, quite possibly, the one remaining socially (and legally) acceptable method of limiting one’s tax liability. Official economy tests give MPG and CO2 figures that are all but impossible to match, but nonetheless mean that in Britain hybrids capable of running short distances on electricity alone get big tax breaks. How big? It’s complicated, and depends on how much you earn and how economical your car is. We won’t bore you with the process, but assuming you’re what they call an “additional rate” taxpayer, you can expect to pay Her Majesty’s Government something like £4,476 annually in company car tax for your shiny £81,141 Panamera 4 E-Hybrid – a car for which Porsche claims 113mpg and 56g/km. A regular Panamera 4 is just £70,924, but emits a comparatively whopping 175g/km of CO2, more than doubling your yearly tax liability to £10,850. Take leasing costs (but not road tax, fuel, insurance…) into account, and some quick TG maths reveals that over three years, you’ll be £19,122 – or a whole Mini Cooper S – better-off with the ostensibly more expensive hybrid. This is not to be sniffed at.