The new Porsche Panamera S E-Hybrid has gained UK’s OLEV (Office for Low Emission Vehicles) Grant approval.

Only a select handful of cars qualify for the UK Government-backed program, which entitles customers of qualifying ULEV (Ultra-Low Emission Vehicles) models to a 25 percent grant towards the cost of the car, up to a maximum of £5,000.

Started in January 2011, this UK grant is designed to encourage vehicle manufacturers to develop electric and green technologies for market, and to help customers invest in ‘green’ automotive technologies.

Powered by a 3.0-litre V6 engine paired to a newly-developed lithium-ion battery and electric motor, the Panamera S E-Hybrid is a four-door, four-seat sports car that, as the German manufacturer said, is first and foremost a Porsche, offering performance, power and driver-focused dynamics while offering fuel economy of 91 imperial mpg and CO2 figures standing at 71 gram/kilometer.

Porsche explained the S E-Hybrid is capable of running purely on electric power for emission-free driving and zero petrol consumption for up to 22 miles (subject to driving style and conditions) and can reach speeds of up to 84 mph in this mode.

In the UK, those ultra-low emissions ensure the Panamera S E-Hybrid qualifies for a number of other fiscal benefits and capital allowance benefits for business customers. These include:

  • Company car tax liability of only 5 percent (paid as a ‘Benefit in Kind’ based on the P11D value of the vehicle);
  • Exemption from Vehicle Excise Duty, thanks to its official emissions placing it in ‘Band A’;
  • Exemption from First Registration Fee (first tax disc);
  • Exemption from the TfL (Transport for London) Congestion Charge (following an initial registration fee to qualify);
  • 100 percent first-year allowance (FYA) – any vehicle with an official CO2 figure of less than 95 g/km is eligible for 100 percent of first-year capital allowance under Government rules.

Building on the Porsche full hybrid platform, the Panamera S E-Hybrid is said to be a systematically advanced development of the proven Porsche parallel full hybrid, with a more powerful electric motor, a higher-performance battery that supplies more energy, while also having the ability to be recharged externally from the electrical grid.

The electric drive motor 95 horsepower (70 kilowatt), which is more than double the power of the previous Panamera Hybrid electric motor. The electric motor is linked to a new lithium-ion battery, which at 9.4 kilowatt-hour; when connected to an industrial outlet, it can be charged within around two and a half hours via the integrated on-board charger and the standard Porsche Universal Charger (AC). The battery can be charged in less than four hours when connected to a conventional UK household electrical outlet.

Porsche said its plug-in hybrid technology will not be limited to the Panamera S E-Hybrid. The Porsche super sports car, the 918 Spyder, also utilizes this powertrain system to help it reach 887 horsepower from the combination of a V8 gasoline engine and two electric motors, making it the fastest road-going Porsche to date reaching 62 mph in 2.6 seconds and a top speed of 214 mph. And yet it does so while being the Porsche with the lowest emissions, with official figures of just 70 gram/kilometers of CO2 and fuel economy of 94 imperial mpg.

Porsche did mention there will be further plug-in hybrid developments from the brand in the future.