From 2030 the sale of new petrol and diesel cars will be banned in the UK. As part of the UK government’s 10-point” green industrial revolution” the ban is set to shake up the motoring industry in a big way. We are going to use our combined experience to offer companies solutions to help them accelerate the transition to electric vehicles in the most cost-effective way.

 

Electric cars have many benefits, reduced noise pollution, a cleaner environment, no congestion charges, free parking and lower running costs. Driver’s attitudes are also changing a recent study by Ofgem found that as many as 6.5m people in the UK (24% of those asked) plan on driving an electric car by 2026

 

Why are people hesitating? – The high purchase price – Access to charging points- Concerns about range

 

The solution is to set up an electric car benefit scheme at your company. Salary sacrifice is a financial solution where an employee gives up a portion of their gross salary for a fully funded with no initial upfront costs, maintained and insured electric car. The scheme lets you pay for the car from your gross salary each month saving on income tax and national insurance. The scheme is HMRC and VAT compliant and is provided through a portal which links with the Companies internal systems and HMRC.

 

Salary Sacrifice- Benefits to employees: Access to a brand-new electric vehicle, fixed cost motoring, no risks, no unexpected service bills, no credit checks, no initial upfront costs, protection against resignation, redundancy, maternity, paternity, long-term sickness, and fuel savings. Benefits to employers: Fully maintained and insured company cars with all in-life services managed. Class 1a NI savings, a mechanism for reducing your company’s carbon footprint, potential to offset against salary increments, easier to attract and retain experienced members of staff, a desirable option for drivers moving out of the company car scheme.