Why businesses are switching to EV benefits

There’s a quiet revolution zooming through offices across the country. More and more businesses are swapping traditional perks for electric vehicle (EV) benefits. That’s not just because they’re eco-friendly; it’s because they’re transforming workplace culture and even boosting commercial success.

Let’s explore why EV salary sacrifice schemes are the future of employee perks.

Offering sustainable benefits is a great way to help the planet while supporting employees. They’re designed to promote environmental responsibility within a company’s culture. Unlike typical benefits (think free snacks or gym memberships) sustainable benefits emphasise long-term impact. They include initiatives that reduce carbon footprints, improve air quality or encourage greener lifestyles.

Businesses are increasingly offering these perks, because sustainability is increasingly becoming a competitive advantage. Customers, employees and investors are demanding that companies operate responsibly, and employees want to work for organisations that share their values. Offering sustainable benefits sends a strong message that your business cares about the future – and that builds trust, loyalty and a strong reputation.

Spotlight on the EV salary sacrifice scheme

One of the fastest-growing sustainable benefits in the workplace is the EV salary sacrifice scheme.

Here’s how ours works: employees can lease a brand-new EV through pre-tax salary deductions, which means they pay less Income Tax and National Insurance Contributions (NICs). And because their gross salaries are reduced, your company’s Employer NIC liability also falls.

They’ll also pay incredibly low Benefit in Kind (BiK) rates on EVs compared to petrol and diesel cars. And because Class 1A NIC is charged on the taxable value of company cars, your business saves too. These rates are staying low for years, so you don’t have to worry about anything changing down the line.

Attract & keep the best talent

75% of employees say that they're more likely to stay due to their benefits package.

Free to set up & easy to run

Free and easy to manage with our HR portal. Minimal admin, maximum team happiness.

Protection for your business

We cover a wide range of events, from resignations to sick leave.

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Your employees get much more than just a shiny new car. Our fully managed package includes the car, insurance, servicing, breakdown cover, and driver support as standard, all wrapped into one simple monthly payment.

All this has led to a sharp rise in EV adoption among businesses, with forecasts predicting even more growth as technology improves and charging infrastructure expands. Businesses that get in early are positioning themselves as leaders in the green economy.

And the best bit - it’s super quick and simple to set up so you can roll out the scheme quickly and with confidence.

More advantages of EV benefits

An EV salary sacrifice scheme is not just about saving money.

The environmental impact is massive. Switching to EVs helps cut down greenhouse gas emissions and lowers air pollution. It’s a direct way to shrink your company’s carbon footprint and contribute to global climate goals.

Then there’s the human factor: EV benefits boost employee satisfaction and retention. Offering such perks shows employees you care about their wellbeing and the planet. It attracts eco-conscious talent and keeps current team members happy and engaged. When people feel valued, they stick around.

If you’re thinking about bringing EV benefits to your company, here’s how to begin:

Before jumping in, think about what you actually want to achieve. Is this about cutting carbon? Offering your team an amazing new perk? Or a bit of both? Every business is different, so take the time to figure out what success looks like for you, whether that’s more of your employees driving electric cars, cutting your and their carbon footprints, creating a happier, more productive workplace, or all three.

An EV salary sacrifice scheme is tricky, so you need a partner you can trust and work with. From onboarding your company to managing the impact on payroll and tax communicating with your employees and then supporting them as drivers, you’ll want a partner with a track record of doing this successfully over many years.

The best benefit in the world won’t matter if people don’t know about it. So choose a partner that knows the best ways to communicate with your employees and then support them as drivers. A supplier that knows how to explain the scheme, help your people choose the right EV for them, and what they’ll save.

Bringing EV benefits into your business is a smart move for the planet, your people, and your bottom line. It’s a simple, meaningful way to show that you care about the cost-of-living, sustainability and employee wellbeing.

And the best part is that it doesn’t have to be complicated. With the right support, setting up an EV salary sacrifice scheme is straightforward and hassle-free. We’ll guide you and your people through every step, from planning to rollout, so you can feel confident you're doing it right.

Ready to get started?