ECO For Employees

Saving the planet is no longer just personal choice, it’s also a corporate responsibility and most business will now help employees move to owing an EV via highly tax efficient “Salary Sacrifice Schemes”.

Why You Need ECO

How it can Help you Financially
Your saving depends on your pay level, but on average the cost of leasing an EV is reduced by a massive 42% by simply getting your company to pay for it via a SS Scheme, making virtually all EV’s cheaper to lease than polluting ICE cars (Internal Combustion Engines)
How you can Help the Enviroment
More importantly, moving an EV saves 40.5 tonnes of carbon emissions, which is the equivalent 2300 tree years of Co2 absorption, assuming an average of 12,000 miles a year. A great start in the fight to “Save the planet”

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The offering of EV cars via a salary sacrifice scheme, will provide a major employee benefit, whilst generate tax savings for the business that more than outweigh any potential costs. The emission savings from our “Grey Fleet” will help us drive towards carbon neutral status and meeting our corporate ESG targets.

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ECO Test Drive

How to Inquire
Don’t just take our word for how easy the transition to EV is, give it a go using our “Test Drive” program before committing to a longer-term lease.
Made easy for You
Although our range of Test Drive cars is naturally smaller, we can often allow you to “Test Drive” by renting the EV model you are considering leasing from a min on 1 month ( Recommended) up to 6 months if for some reason there is a waitlist for the most popular EV models and you need to get rid of your old ICE car sooner.

Salary Sacrifice Scheme

Explaines for Employees

The Scheme

The tax saving depends on their pay level.
Salary Band Tax saving Emp
£15-50k 28.0%
£50-100k 42.0%
£101-120k 64.5%
£121-150k 42.0%
£150k plus 47.0%

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How you save through your Employer

The company leases a car on behalf on an employee and deducts the cost e.g., £600 per month from their salary as a salary sacrifice, which at 42% tax would save £252 making effective lease cost £348 which is cheaper than an equivalent ICE car (Internal Combustion Engine)

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Charging Solutions

ECO provides a free consultation service and free charging options.

1

Free home chargers
ECO has a network of installers and by using Government grants can offer all employees with suitable locations a “Free” home charger, with the employee just paying the installation cost. Research shows that this home charger will deal with 95% of charging needs.

2

Free Office chargers
Government grants will cover the cost of day/night chargers at the office.

3

Funded Rapid Chargers
ECO can source funding via UKEV network to install rapid charging solutions which are funded by charging users 25p per mile charged.

The “Range Anxiety Myth”

Why Range Anxiety is a myth
ECO recognises that “Range Anxiety” is a key item that initially puts people off moving to an EV, but research shows that 96% of EV owners only charge outside of the home 3 times per year when undertaking particularly long journeys.
Another Reason its a Myth
The average driver post covid-19 only clocks up 200 miles per week which for most EV’s is less than one night’s charge. Use the ECO mapping tool to see how many times you can drive to work and back on one charge.
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Do you have more questions?
Call us: +44 20 4583 0170
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