Why are EVs the "Must Have" Company Perk?

Recruit and Retain more Staff

A salary sacrificed EV is worth £14,000 to the employee which equates to a 10% pay-rise. It also releases £10,000 of tied up cash from employees personal cars.

Reduce your Carbon Footprint

UK business are under both governmental and moral pressure to improve their carbon footprint and creating an EV Green fleet is an easy step to moving towards a carbon zero.

Significant Financial Benefits

Introducing an EV salary sacrifice scheme saves a business £8,000 per employee on average, for a 4 year lease. This is generated by a 12% NI saving and reclaiming 50% of VAT (10%) which combined gives a 23.8% saving per lease.

Benefits of working with eco

Free EV Consultancy

From webinars, explainer documents and employee marketing to payroll files and contract amendments. eco really does it all for you!

Best EV Availability and Price

eco has access to over a 1,000 EV lease companies guaranteeing best availability and price.

Making EV Life Easy

eco's App provides tools for charging, energy switching, insurance and ways to value and sell your old car.

How does it benefit you as a Employer?

12% National Insurance saving. 10% VAT saving, with businesses able to claim back 50% of the VAT on the lease. Overall, this means that for every £1,000 spent on leasing, your business saves £250 in tax rebates
Save 4.6 tons of CO2 emissions per car(based on 11,500 average miles driven) Do your bit to save the planet
Lease inclusive of maintenance, servicing, and tyres Roadside assistance Driver insurance including members of the family Early termination insurance to cover for long term sickness, maternity, resignation, and redundancy.Overall, this means that for every £1,000 spent on leasing, the employee saves £320-£420, depending on their tax bracket
Providing employees the benefit of an electric vehicle on lease will improve hiring, retention and employee engagement.
Biggest and most tax-efficient employee perk available. 75% of employees stay due to employee benefit packages. EV SSS makes it easier to recruit and retain staff
All leased vehicles will count towards your green quotas, such as ISO14001 Corporate Responsibility targets, which look at energy efficiency and the amount of green energy that your business consumes. By utilising the Salary Sacrifice Scheme, you’re able to make huge strides of progress towards these protocols without having to make massive changes - you just need to offer your employees the chance to drive new, reliable, non-polluting cars at an incredibly affordable price!
In addition to the above, there are also many financial benefits to your business, particularly if you’re able to sign multiple employees up to the scheme, as you’ll receive a higher level of VAT claim back and will be able to aim for more aggressive eco-friendly targets as a result. Furthermore, eco is looking to ensure that businesses engaging with salary sacrifice for car lease schemes are protected in the event that an employee leaves the company.
Now that you have all the information that you need to make a decision on whether to engage in the salary sacrifice scheme, you’re probably wondering what the next steps are. In general, there are two different things that can happen at this point: As an employer, you begin to gauge whether the scheme is something that your employees would be interested in and whether salary sacrifice for electric cars is something that your employees could feasibly manage. If gathering this information is something you need assistance with, you can get in touch with the eco team, who will be able to conduct the survey on your behalf, collating all of the relevant information that is required. Some businesses struggle to implement such a scheme and do still distance themselves due to the fear of change. If this is the case, we can assist you in laying out all the information in a way that’s clear and easy to process for your managers and directors - following this, they will then be able to make an informed decision regarding salary sacrifice leasing for the business
For more assistance on the salary sacrifice car lease scheme or to discuss action plans for implementation at your business, please feel free to contact the eco team. Our experts are on hand to assist you with your questions and queries each day by phone, email, and our online contact form! Just pick the method of contact that you prefer and we’ll get back to you in no time at all

How does it benefit your Employees?

You will be provided a brand new car for the duration of your lease with the newest technology in the market.
New Electric Vehicle of your choice enables you to benefit from £10k*cash release by selling your previous car.
Included in your lease we can provide insurance for you and other drivers which also benefit from the salary sacrifice savings, tax and national insurance. Up to 64% cheeper.
We can include insurance that can protect you and your employer from the event of falling seriously ill.
EVs have a 66% lower running cost and these cost will reduce with time.
No tax or national insurance on car. 2% benefit in kind tax.
EV salary sacrifice schemes save 28%-42% over private leases.

How eco can drive your move to EV

eco Electric Car Organisation provides expert advice to enable businesses to seamlessly transition to electric vehicles solutions for their employees, enabling all to enjoy substantial financial and environmental benefits.

We provide businesses expert and independent support and guidance on all aspects moving to a EV salary sacrifice scheme from detailing benefit’s and structuring the salary sacrifice scheme to identifying the best lease provider and charger solutions.
Allows employees to switch salary for a lease EV provided through the company which allows significant financial benefits to the employer and employee.
Moving to EV provides an easy way to reduce your companies carbon footprint. (average of 4.6 tonnes for each EV)
Introducing a Government approved “Salary Sacrifice Scheme” creates a £235 (23.5%) financial gain on every £1k salary sacrificed.

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