
The Electric Car Scheme
A Brief Overview of The Electric Car Scheme Offerings
The Electric Car Scheme is on a mission to simplify access to electric vehicles (EVs) through a tax-efficient salary sacrifice arrangement. The Electric Car Scheme specialises in making EVs accessible to a wider audience by eliminating upfront costs, offering flexible leasing options, and providing comprehensive risk protection for employers. The company is committed to sustainability and affordability, enabling businesses to align with their net zero while supporting their employees with a desirable benefit.
The Main Benefits for Employees
For employees, The Electric Car Scheme offers several key advantages:
- Significant Cost Savings: Salary sacrifice allows you to save thousands of Pounds on any electric car of your choice. You simply agree to have a portion of your pre-tax salary deducted each month to cover the car cost. This lowers your income tax and National Insurance contributions, making EV ownership far more affordable than traditional purchase or leasing methods.
- Used Cars: The Electric Car Scheme offers the largest selection of used EVs, making the benefit more affordable and accessible
- The Charge Scheme: Employees can save up to 50% on all charging costs, whether it be at home, office or public charging.
- Convenient Digital Platform: Employees can browse vehicles, generate quotes, and manage their lease agreements through The Electric Car Scheme’s user-friendly online portal, streamlining the entire process.
- Zero Upfront Costs: The scheme eliminates the need for an initial deposit, allowing employees to access a premium electric car without a large upfront payment. This makes the scheme accessible to more individuals, regardless of their financial situation.
- All-Inclusive Leasing Package: Employees enjoy a worry-free driving experience as the scheme includes comprehensive insurance, servicing, maintenance, MOTs, tyre replacement, and breakdown cover. This eliminates unexpected expenses, making EV ownership both predictable and manageable.
- Eco-Friendly Benefits: By choosing an electric car, employees contribute to reducing carbon emissions and combating climate change. The scheme aligns with the values of employees who want to make environmentally conscious commuting choices.
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The Main Benefits for Employers
Employers benefit significantly by offering The Electric Car Scheme as part of their benefits package:
- Complete Risk Protection: As an employer you are protected against any early termination fees from day one.
- Hassle-Free Administration: The Electric Car Scheme manages all aspects of setup and ongoing administration, reducing the workload on HR and payroll teams.
- Attract and Retain Talent: Providing access to affordable EVs demonstrates a commitment to employee well-being and sustainability, making organisations more attractive to top talent and fostering loyalty among existing employees.
- Cost-Neutral Implementation: The Electric Car Scheme is designed to be cost-neutral for employers with the potential of being net positive through tax savings.
- Sustainability Goals: Partnering with The Electric Car Scheme allows employers to support their corporate social responsibility (CSR) initiatives by promoting greener commuting options and reducing the organisation’s carbon footprint.
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Special Features You’d Like to Highlight
- Exceptional Risk Protection: The Electric Car Scheme offers industry-leading risk protection including coverage for employee turnover, maternity or paternity leave, and long-term illness. Employers are safeguarded against unexpected costs.
- Best prices available: Through the Electric Car Scheme You will access the top leasing companies to ensure your employees get the best prices available. The best prices are required to get good employee take-up.
- The Charge Scheme: Employees can now save on all charging costs through salary sacrifice, making electric car charging cheaper for everyone - whether at home, the office, or in public.
- Largest selection of Used EV’s: Your employees will have access to the largest selection of used EV’s on the market making the benefit more affordable and accessible to employees.
- B Corporation Certified: The Electric Car Scheme is a proud B Corporation, ensuring high standards of social and environmental responsibility. This certification reflects the company’s commitment to sustainability and ethical business practices.
- Customisable Employer Portals: Employers receive a dedicated portal to track and manage the scheme, simplifying administration and ensuring a seamless experience for both HR teams and employees.
- Commitment to Employee Engagement: The Electric Car Scheme provides educational resources, including webinars and EV guides, to help employees understand the benefits of switching to electric vehicles, boosting engagement and participation.
