Benefits of purchasing Range Rover Electric through your business
UK businesses purchasing a qualifying new electric car can currently benefit from a 100% First-Year Allowance.
This allows a business to deduct the full cost of a new Range Rover Electric from its taxable profits in the accounting period in which the vehicle is purchased, subject to eligibility and the relevant tax rules.
The allowance is currently available for qualifying expenditure until:
- 31 March 2027 for Corporation Tax
- 5 April 2027 for Income Tax
This can provide earlier tax relief than standard capital allowances, making Range Rover Electric an attractive option for businesses that intend to purchase and retain their company vehicle.
It is important to remember that the allowance reduces taxable profits rather than providing a direct reimbursement of the vehicle’s purchase price. The actual benefit will depend on your business structure, tax position, and individual circumstances.
Purchasing or leasing your Range Rover Electric
Businesses may choose to purchase or lease Range Rover Electric depending on their financial objectives.
Purchasing may be suited to businesses that:
- Want to retain ownership of the vehicle
- Have sufficient available capital
- Want to claim the qualifying 100% First-Year Allowance
- Prefer to recognise the available tax relief in the year of purchase
Leasing may be appropriate for businesses that:
- Prefer predictable monthly payments
- Want to preserve capital for other business activities
- Would like to change vehicles at the end of an agreed term
- Prefer not to take responsibility for the vehicle’s future resale value
For cars emitting more than 50g/km of CO₂, the amount of lease rental that can normally be deducted is subject to a 15% restriction. As Range Rover Electric produces 0g/km of tailpipe CO₂, this particular restriction would not ordinarily apply.
However, the tax and VAT treatment of lease payments will depend on the agreement, the vehicle’s use and whether private use is permitted. It's essential to seek advice from a tax advisor or an accountant familiar with UK tax regulations. They can offer personalised guidance tailored to your specific business needs, financial objectives, and the latest tax laws and allowances.
Benefit-in-Kind advantages for company car drivers
Where a company car is available for private use, the driver will normally pay Benefit-in-Kind tax based on the vehicle’s taxable value and the applicable company car tax percentage.
As a fully electric vehicle producing 0g/km of tailpipe CO₂, Range Rover Electric qualifies for a lower Benefit-in-Kind percentage than many comparable petrol or diesel vehicles.
The Benefit-in-Kind percentage for a fully electric company car is:
- 4% for the 2026/27 tax year
- 5% for the 2027/28 tax year
The amount of tax payable will depend on the vehicle’s taxable value, including selected options, and the driver’s personal Income Tax rate.
This can make Range Rover Electric a compelling company car choice for business owners, directors and employees seeking luxury and capability alongside comparatively favourable company car taxation.
Range Rover Electric: Pioneering Performance
Innovation lies at the heart of Range Rover Electric, with more patents filed during its development than for any previous Range Rover. Its advanced technologies work seamlessly together to deliver the refinement and capability expected of Range Rover, while improving efficiency.
Engineered and manufactured in-house, the twin 260kW electric motors produce 20% more torque than comparable motors of the same size. A sophisticated cooling system intelligently adjusts oil flow to help optimise performance across varying driving conditions.
| Performance specification | Range Rover Electric EV550 |
|---|---|
| Battery | 118.5kWh |
| Powertrain | Fully electric |
| Maximum power | 550hp |
| Acceleration, 0–60mph | 4.3 seconds |
| Combined WLTP electric range | Up to 372 miles† |
| Rapid-charging performance | Up to 136 miles added in 10 minutes§ |
| Rapid-charging conditions | 800V, 350kW charging station§ |
| Starting price | From £157,610 |
Manufacturer figures for the Range Rover Electric EV550. Range and charging performance may vary according to factors including driving conditions, temperature, vehicle configuration, battery condition and the available charging infrastructure.
Range Rover Electric: Made For Business
Range Rover Electric brings fully electric power to the original luxury SUV, retaining the unmistakable character and capability of Range Rover.
Its official electric range of up to 372 miles WLTP, with an estimated real-world range of up to 333 miles†, makes it well suited to longer business journeys as well as everyday commuting.
When connected to a compatible 350kW rapid DC charger, Range Rover Electric can charge from 10% to 80% in as little as 22 minutes§. Under suitable conditions, it can also add up to 136 miles of range in approximately 10 minutes§.
For workplace or home charging, the vehicle can charge from 0% to 100% in approximately:
- Seven hours using a 22kW AC charger§
- 19 hours using a 7kW AC charger§
Range Rover Electric also retains the capability expected from the marque, including a towing capacity of up to 2,500kg and a maximum wading depth of 900mm.
Inside, near-silent electric propulsion, advanced drivetrain isolation, acoustic laminated glass and Active Noise Cancellation technology help create a calm and refined environment. This makes Range Rover Electric equally suited to travelling between meetings, carrying clients or completing longer business journeys.
Discover Range Rover Electric at Dick Lovett Land Rover
Our team at Dick Lovett Land Rover in Melksham can help you explore Range Rover Electric and discuss the available purchasing and leasing options for your business.
Whether you are choosing a company vehicle for yourself, considering an executive car for an employee or reviewing your wider business fleet, we can help you identify an option suited to your requirements.
