EV Salary Sacrifice
Electric Vehicle Salary Sacrifice (EVSS) is a tax-efficient employee benefit that allows employees to lease a brand new electric vehicle through their employer.
What is Electric Vehicle Salary Sacrifice?
Electric Vehicle Salary Sacrifice (EVSS) is a tax-efficient employee benefit that allows employees to lease a brand new electric vehicle through their employer. Employees pay for the vehicle through a reduction in their gross salary (before tax and National Insurance), which results in significant tax savings. This arrangement typically includes insurance, maintenance, road tax, and breakdown cover in one convenient monthly payment, making it an all-inclusive and hassle-free way for employees to drive electric vehicles.
With growing environmental consciousness and government incentives for electric vehicles, EVSS schemes have become increasingly popular as part of comprehensive employee benefits packages. These schemes help organisations demonstrate their commitment to sustainability while providing employees with an affordable way to drive premium electric vehicles. With the UK government's plan to ban the sale of new petrol and diesel cars by 2030, EVSS represents a forward-thinking benefit that aligns with future transportation trend.
What Electric Vehicle Salary Sacrifice features should you look for?
- Vehicle selection range - The variety of electric vehicle makes and models available
- Contract flexibility - Options for contract length (typically 24-48 months) and mileage allowances
- Early termination provisions - Protection in case of employment changes or unforeseen circumstances
- Comprehensive package inclusions - Insurance, maintenance, breakdown cover, and road tax
- Carbon footprint reporting - Tools to track and report on emissions savings
- Charging solutions - Home charging installation options or workplace charging infrastructure
- Customer support quality - Dedicated account management and driver assistance services
- Digital platform usability - Easy-to-use interface for vehicle selection, order tracking, and management
- Additional benefits - Value-added services like free charging credits or exclusive deals
What are the key benefits of Electric Vehicle Salary Sacrifice?
- Significant cost savings - Employees can save 30-60% compared to personal leasing through tax efficiency
- Environmental impact - Reduced carbon footprint aligns with corporate sustainability goals
- Enhanced benefits package - Attractive perk for recruitment and retention in competitive job markets
- All-inclusive package - Simplified vehicle ownership with maintenance, insurance, and breakdown cover
- No upfront costs - Minimal initial outlay compared to vehicle purchase
- Brand new vehicles - Access to the latest electric vehicle technology and features
- Administrative simplicity - Streamlined process managed through employer payroll systems
- Support for corporate ESG goals - Demonstrable commitment to reducing environmental impact
Description
Ayvens is a leading mobility solutions provider offering comprehensive vehicle leasing and fleet management services through salary sacrifice arrangements.
Medium to large enterprises looking to enhance benefits packages with sustainable mobility options
Multiple options, contact for more information
Fleet of 3.4 million vehicles across 42 countries
- · Salary Sacrifice Vehicle Scheme
- · Sustainable Mobility Options
- · Digital Management Platform
Fleet Evolution is a UK-based company specialising in electric vehicle (EV) salary sacrifice schemes and fleet management services.
UK-based SMEs and mid-market companies looking to offer sustainable employee benefits
Multiple options, contact for more information
Over 600 customers
- · Comprehensive EV Salary Sacrifice Schemes
- · End-to-End Fleet Management
- · Dedicated Account Management
Love Electric is a UK-based company specialising in electric vehicle (EV) salary sacrifice schemes, aiming to make electric cars more accessible and affordable for both businesses and their employees.
UK-based businesses of all sizes looking to offer electric vehicle benefits
Multiple options, contact for more information
Over 1,000 customers including Zoe, Clearscore, The Economist and Fenwick
- · Comprehensive Salary Sacrifice Management
- · Digital EV Platform
- · Carbon Saving Analytics
Octopus Electric Vehicles is a UK-based company specialising in electric vehicle (EV) leasing and services.
Companies with at least 20 employees looking to offer EV benefits
Multiple options, contact for more information
Over 5,500 customers including Dyson, Huel, Purple Bricks and Greene King
- · Salary Sacrifice Scheme
- · Comprehensive Vehicle Selection
- · Home Charging Installation
- · Employer Dashboard & Analytics
The Electric Car Scheme is a UK-based company that facilitates salary sacrifice programs, enabling employees to lease electric vehicles (EVs) through their employers at reduced costs.
SMEs looking to add a sustainable, cost-effective benefit
Multiple options, contact for more information
Customers include Holland & Barrett and Time Out
- · Employee Savings Calculator
- · Employer Dashboard
- · All-Inclusive Package
A part of Lloyds Banking Group, Tusker are an award winning car leasing company who have been providing company car and tax efficient car benefit schemes for over 15 years.
Medium to large UK companies seeking to reduce their carbon footprint while offering attractive benefits
Multiple options, contact for more information
Undisclosed
- · End-to-End Scheme Management
- · Digital Platform
- · Comprehensive Risk Management
WeVee is a UK-based company specialising in electric vehicle (EV) leasing and salary sacrifice schemes.
SMEs looking to implement sustainable transport benefits
Multiple options, contact for more information
Customers include Joseph Joseph, Honest Burgers, Mindful Chef and Proper Snacks
- · EV Salary Sacrifice Scheme
- · Fleet Management Dashboard
- · Carbon Reduction Reporting
Zenith is the UK's leading independent leasing, fleet management, and vehicle outsourcing company.
Mid-size to large organisations seeking a comprehensive EV salary sacrifice scheme
Multiple options, contact for more information
Undisclosed
- · Comprehensive Salary Sacrifice Scheme
- · All-Inclusive Vehicle Packages
- · Comprehensive Risk Protection