The Volvo V60 Plug-in Hybrid is now more appealing, especially in the long run, thanks to the new Transport for London Congestion Charge Policy and Company Car Tax. London’s Congestion Charge scheme has a new Carbon Dioxide emission limit of 75g/km, effective July 1, 2013. Since the Volvo V60 D6 AWD has carbon dioxide emissions of just 48g/km, it will still benefit from the Ultra Low Emission Discount (ULED) for the Congestion Charge.
The vehicle will still benefit from being in the lowest Benefit-In-Kind (BIK) tax band, even as changes in the taxation of diesel hybrid cars were made.
Already confirmed by Transport for London, the current Greener Vehicle Discount and Electric Vehicle Discount will be replaced by the ULED. This will reduce the carbon dioxide eligibility of vehicles from 100g/km to 75g/km.
This means that the Volvo V60 D6 AWD could still have a free entry into London's Congestion Charge zone and avail of reduced parking fees in some areas. The Volvo V60 D6 AWD will also benefit from the zero first year vehicle tax and zero annual vehicle tax.
Companies purchasing the Volvo V60 D6 AWD also gain from the 100% first year write down allowance. Hybrid BIK taxation was initially expected to increase from the current (2013-14) 5% to 15% in 2015-16.
The government has confirmed that vehicles emitting between zero and 50g/km of carbon dioxide will be taxed at 5% in 2015-16 and 7% in 2016-17, instead of the higher 51-75g/km band, taxed at 9% and 11% respectively.
After its debut at the 2013 Geneva Motorshow, Volvo made various exterior and interior enhancements to the V60 D6 AWD. A customer could avail from a number of color and feature options.
The Volvo V60 Plug-in Hybrid is available in SE Lux Nav specification and features newly developed technology like Active Bending Xenon Headlights with permanent high-beam and Cyclist Detection. The Volvo V60 Plug-in Hybrid has a starting price of £48,775 (£43,775 including the £5000 Plug-in Car Grant) on-the-road.