What is The Electric Car Scheme?
The Electric Car Scheme is a smart and straightforward way to save big on electric and hybrid vehicles. It lets employees choose any electric or hybrid car they like and pay for it by deducting a portion of their pre-tax salary each month. This means you get the best prices on electric cars available in the market, complete employer protection against unexpected costs, and a trusted 5-star service that goes above and beyond what you might expect. Whether you’re eyeing a brand-new Tesla or a more affordable MG4, the scheme makes driving electric easier and more accessible than ever.
Main Benefit: Save Up to 50% on Electric Cars
Here’s the deal with The Electric Car Scheme — it’s all about saving money while going green. Check out these key facts:
- Save up to 50% on any electric or hybrid car of your choice.
- Salary sacrifice means you pay from your gross (pre-tax) salary, reducing your income tax and National Insurance contributions.
- Not just new cars — used electric vehicles are included, making it even more affordable.
- Access to virtually any electric vehicle on the market, from all manufacturers and models.
- Complete employer protection from day one, shielding you from unexpected costs if you need to return the car early.
How Salary Sacrifice Works
Salary sacrifice is a clever tax mechanism that makes electric cars more affordable. Basically, you agree to exchange part of your gross salary to cover your monthly vehicle payments. Since this amount is deducted before tax, you don’t pay income tax or National Insurance on it. This significantly cuts down the overall cost of driving an electric car. Plus, it’s flexible — you can pick any electric or hybrid vehicle, new or used, that fits your lifestyle and budget.
Getting Started with The Electric Car Scheme
Jumping on board with The Electric Car Scheme is pretty simple, but it starts with your employer. Usually, a senior decision maker like a Director or HR Manager needs to chat with The Electric Car Scheme team to set everything up. Once that’s done, employees can start choosing their electric cars and enjoy all the benefits that come with the scheme. It’s a win-win for employers and employees alike, promoting greener choices while offering fantastic perks.
Wide Range of Vehicles to Choose From
The scheme isn’t just about one or two brands — it covers a huge range of electric vehicles across all price points. Whether you want something budget-friendly like the MG4 or a premium ride from Tesla, Audi, or BMW, you’re covered. This flexibility means everyone can find an electric car that suits their needs and preferences perfectly. The Electric Car Scheme really opens up the electric vehicle market to more people, making the switch to EVs easier than ever.
Project Impact: Supporting Sustainable Development Goals (SDGs)
- SDG 7: Affordable and Clean Energy – Promotes the use of electric vehicles, reducing reliance on fossil fuels.
- SDG 11: Sustainable Cities and Communities – Encourages cleaner transportation options in urban areas.
- SDG 12: Responsible Consumption and Production – Supports sustainable consumer choices through salary sacrifice.
- SDG 13: Climate Action – Helps reduce carbon emissions by making electric cars more accessible.
- SDG 8: Decent Work and Economic Growth – Provides employee benefits that improve workplace satisfaction and sustainability.
Additional Perks and Employer Protection
Beyond the savings and wide vehicle choice, The Electric Car Scheme offers robust protection for both employees and employers. From day one, the scheme provides market-leading protection to cover unexpected costs if the electric car needs to be returned early. This peace of mind means you can enjoy your electric vehicle without worrying about hidden fees or surprises. Plus, the scheme is backed by a trusted 5-star service that’s all about going the extra mile for customers. It’s not just about getting a car — it’s about a smooth, worry-free experience all the way through.
