What is the Electric Car Salary Sacrifice Scheme?
The Electric Car Salary Sacrifice scheme is quickly becoming the UK’s most popular employee benefit, designed to make electric vehicles (EVs) accessible and affordable for everyone. Think of it as the cycle-to-work scheme, but for electric cars. It’s a smart, cost-effective way for companies to offer their employees a green benefit that not only helps reduce carbon emissions but also supports sustainability goals. With a focus on both businesses and their teams, this scheme offers a seamless way to switch to electric vehicles while keeping things simple and risk-free.
Main Benefits of the Scheme
Here’s why companies and employees alike are loving this approach:
- Save 30-60% on an electric car through salary sacrifice
- Zero Risk Guarantee ensures companies are never out of pocket
- Helps reduce Scope 3 carbon emissions and overall carbon footprint
- Attract and retain top talent with a benefits package that stands out
- Cost-neutral for businesses, with no upfront payments required
- Access to both new and used EVs, offering flexibility and affordability
- All-inclusive monthly payments covering maintenance, insurance, and more
How the Zero Risk Guarantee Works
One of the standout features of this scheme is the industry-leading Zero Risk Guarantee. From day one, companies get peace of mind knowing they’re protected. This guarantee includes an Early Returns Service, meaning if things don’t go as planned, businesses won’t be left holding the bag. It’s a safety net that makes the whole process feel a lot less daunting, especially for companies new to EV leasing or salary sacrifice schemes.
Flexible Options for Employees
Employees get to enjoy a package that’s truly all-inclusive. Whether they’re after a brand new electric car or a more affordable used EV, the scheme has them covered. Monthly payments include everything from maintenance and servicing to breakdown assistance, insurance, and even optional home chargers. Plus, with the option to pay nothing upfront or choose to maximise discounts with deposits, it’s designed to fit a variety of budgets and preferences.
Supporting Sustainability and HR Goals
For companies, this scheme isn’t just about offering a perk—it’s a strategic move to hit sustainability targets and improve HR outcomes. By encouraging employees to switch to electric vehicles, businesses can significantly cut their carbon footprint and reduce Scope 3 emissions. At the same time, offering such a compelling benefit helps reduce staff attrition and attracts the best talent. It’s a win-win that aligns environmental responsibility with business growth.
Project Impact on Sustainable Development Goals (SDGs)
- SDG 7: Affordable and Clean Energy – Promotes the use of electric vehicles powered by cleaner energy sources.
- SDG 8: Decent Work and Economic Growth – Supports businesses in providing attractive employee benefits.
- SDG 9: Industry, Innovation, and Infrastructure – Encourages innovation in sustainable transport solutions.
- SDG 11: Sustainable Cities and Communities – Helps reduce urban pollution and traffic emissions.
- SDG 13: Climate Action – Directly contributes to lowering carbon emissions and fighting climate change.
Why Choose This EV Salary Sacrifice Scheme?
What sets this scheme apart is its commitment to putting businesses and employees first. With exclusive special offers, ring-fenced stock, and partnerships with the UK’s largest leasing companies, it offers the lowest pricing on the market. The all-inclusive package means no hidden costs, and the Zero Risk Guarantee adds an extra layer of confidence. Ultimately, it’s a mission-driven initiative focused on making electric cars accessible, affordable, and hassle-free for everyone involved.
