Not so long ago, company car and salary sacrifice drivers faced a difficult choice when selecting their next set of wheels. Do you play it safe, keep costs down, and accept long but uninspiring hours behind the wheel? Or do you take the hit on tax and go for something a bit more interesting? Thankfully, with the exponential rise of electric cars, that dilemma is largely gone.
Combining strong performance with exceptional refinement, ultra-low Benefit-in-Kind tax rates and low running costs, electric cars have transformed the company car and salary sacrifice landscape. But some go further than others in delivering that ideal blend of performance and practicality – and none more so than the Genesis GV60 Magma.
The first model from Genesis’ new performance division, the GV60 Magma is a 641bhp fire-breathing performance SUV that takes everything good about the standard GV60 – its tech, comfort and practicality – and turns the dial up to 11 with serious track-honed DNA. The result is a car that makes every journey feel genuinely electrifying, while keeping costs way down. Here’s why you should consider it.
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What is Magma anyway?

It’s hot stuff, and we’re not talking about molten rocks. Magma is the start of a new era for Korean luxury brand Genesis, and there are no half measures here. It’s a dedicated line-up of ultra-high-performance vehicles focused on power, precision and luxury, and launching in parallel with a motorsport campaign that begins with the 2026 FIA World Endurance Championship.
The electric GV60 Magma is the first in line for the Magma treatment. It’s the production realisation of a concept shown two years ago, and the most powerful Genesis model to date – a track-bred, battery-electric powerhouse bristling with clever technology, yet surprisingly affordable for fleet drivers.
How does the GV60 Magma stand out from the rest of the range?

To start: raw performance. Thumb the Boost Mode button on the steering wheel and the GV60 Magma puts out 641bhp through its dual-motor powertrain, resulting in a mind-scrambling 3.4-second sprint to 62mph. However, we’d advise leaving the 164mph top speed and Drift Mode untested if you’d like to stay on the right side of your fleet manager.
Of course, fast EVs are nothing unusual these days, so the wider experience counts and Genesis has worked hard to make sure this isn’t a one-trick pony. There are five different drive modes to choose from, including two that are unique to the Magma; SPRINT fine-tunes the car for maximum performance, while GT dials in extra comfort for long-distance touring.
But the jewel in the crown of the GV60 Magma is unquestionably its Virtual Gearshift technology. Meticulously engineered by the performance specialists at Magma, this synthetic ‘gearbox’ simulates the rapid-fire shifts of a track-focused petrol performance car, complete with a 9000rpm redline. Engage it, and the driving experience is elevated to one of unrivalled viscerality – giving fleet drivers the unique opportunity to experience sports car-like driving character every single day. There’s also a choice of three artificial engine notes, including a V6 petrol soundtrack, to heighten the sense of occasion further.






