Frequently asked questions

A salary sacrifice scheme for electric cars is an employee benefit that allows your team to lease a new electric car while saving on taxes.

Your employer leases the car from The Electric Car Scheme and makes it available to you as a perk. By using a portion of your pre-tax or gross salary, employees lease the car and enjoy significant tax savings.

The Electric Car Scheme provides everything that employees need to get started with their new electric vehicle, including a home charging point, insurance, maintenance, and breakdown. This all inclusive package makes it easy for employees to hit the road in their new, electric car.

The Electric Car Scheme allows your company to lease an electric car for you, and they'll pay for it. In exchange, you agree to give up part of your gross salary to cover the monthly lease cost.

The Electric Car Scheme is different from the usual car leasing providers. Instead of paying with your post-tax income, the fixed monthly payments for the car are taken from your salary before any Income Tax or National Insurance is deducted.

The percentage of savings available is dependent on your salary, marginal tax rate and the Benefit in Kind (BIK) tax rate - simply, the more tax you pay, the more you save with The Electric Car Scheme.

A car through The Electric Car Scheme is an employee benefit provided to you. As it’s a ‘company car’, there is a company car tax payable. However, the value of this BIK is set by HMRC, and set at very low rates until at least 2028.

We know what matters to our customers. That's why we've created a salary sacrifice scheme that offers unbeatable prices on electric cars, protection against unexpected costs if you need to return your car early, and exceptional service that goes above and beyond your expectations.

✔ Show your team you care and make them feel rewarded

✔ Complete Risk Protection to safeguard you from unexpected costs

✔ We shop the electric car market to find the lowest prices

✔ Simple reporting for HR, Finance and Tax with ease and accuracy

✔ Delivering happiness and success for the long haul

✔ There is no cost to your business to run the scheme

Your employees will feel rewarded with this amazing scheme - and you’ll be enabling them to make the switch to electric much sooner than they think.

The availability of the scheme depends on the employer’s eligibility criteria, and the employee’s personal financial circumstances. We do not complete any credit checks against your employees.

Employers may set specific eligibility requirements, such as a minimum salary or length of employment, for employees to participate in the scheme.

Yes, employees can typically use the electric car for both personal and business purposes, subject to the employer's policy and HMRC guidelines.

However, it's important to consult with tax and legal experts to ensure compliance with tax regulations and other applicable laws.

Yes, however the choice of electric cars may depend on the employer’s eligibility criteria (e.g. minimum salary and length of employment). Employers may limit the selection of electric cars to specific makes and models that meet their criteria for affordability, sustainability, and other factors.

Employers are typically responsible for arranging and covering the costs of maintenance, repairs, and insurance of the electric car provided through the salary sacrifice scheme.

The Electric Car Scheme provides everything that employees need to get started with their new electric vehicle, including a home charging point, insurance, maintenance, and breakdown. This all inclusive package makes it easy for employees to hit the road in their new, electric car.

Employees may be able to opt out of the scheme, subject to the employer's policy and the terms of the salary sacrifice agreement.

However, it's important to note that once an employee has entered into a salary sacrifice agreement, it may not be possible to opt out or change the agreement until the end of the agreed-upon period, which is usually 2-3 years.

At the end of the salary sacrifice agreement period, the leasing provider may offer the employee the option to purchase the electric car at a predetermined price or return the vehicle. This must be discussed with The Electric Car Scheme well in advance to understand whether this is possible or not.

The employee may also have the option to enter into a new agreement for a different EV or choose to exit the scheme altogether.

Electric cars have lower emissions compared to traditional petrol or diesel vehicles, which can help reduce the overall carbon footprint of an organisation.

Implementing an electric car salary sacrifice scheme can promote the use of environmentally-friendly vehicles and contribute to the employer's sustainability goals.

Yes, employees can typically charge their electric car at their home or workplace, subject to the availability of charging infrastructure and the employer's policy.

If you purchase your new charge point using The Electric Car Scheme, you can include the charger as part of your salary-sacrifice package - so you can pay for it using your gross salary.

Employers may provide charging facilities at the workplace or reimburse employees for home-charging costs. If you speak with The Electric Car Scheme, we can refer you to our preferred charging partner, Smart Home Charge.

Implementing an electric car salary sacrifice scheme can help reduce your organisation’s carbon footprint by promoting the use of electric vehicles, which have lower emissions compared to traditional petrol or diesel vehicles.

This can contribute to your businesses environmental and sustainability efforts and demonstrate corporate social responsibility.

The Electric Car Scheme will do the hard work for you. When you’ve decided to implement the scheme, our team of dedicated Customer Success Managers will run a host of employee engagement activities to get everyone involved, quoting on our website and ordering their new electric car.

This includes (but is not limited to) employee launch webinars, test drive days, posters and cupcakes to your office, launch emails and more.

A B Corp, short for Benefit Corporation, is a certification designed to guide businesses in prioritizing their social and environmental contributions. These companies demonstrate their commitment to making choices that consider not only profits but also the positive effects they have on society and the environment.

A certified B Corporation is a for-profit company that has been officially recognised for meeting specific standards in social and environmental performance, accountability, and transparency. To become certified, a company needs to undergo a comprehensive assessment of its business practices and policies, focusing on areas such as workers' rights, environmental impact, and community engagement.

Once certified, the company commits to maintaining higher standards of social and environmental responsibility and regularly reporting its progress. Certified B Corporations have gained popularity because both customers and investors seek companies that actively contribute to positive change.

Considering this trend, it's likely that being a B Corp will become the norm for companies in the future.

We discussed the requirements for becoming a B Corp, but who gets to decide? To become a certified B Corp, you have to go through an assessment conducted by the non-profit organisation B Lab. This assessment evaluates how your company affects employees, customers, the community, and the environment. After certification, you need to uphold this status by meeting strict standards and being transparent. As a result, B Corps are at the forefront of building a new economy that prioritises both people and the planet.

The process takes between 6 to 8 months, sometimes even longer. It involves several steps: passing the B Impact Rating System, having an interview with a B Lab member, adopting a B Corp legal framework, and signing a term sheet to officially declare your company as a B Corp.

Though it may seem lengthy and a bit intense, becoming a B Corp is a fantastic way to demonstrate your dedication to making a positive impact on the world. Plus, you'll become part of a community of businesses that share similar goals and values.

The certification demonstrates our strong commitment to ‘doing business for good’. We believe that salary sacrifice for electric cars can and should be a force for good and the B Corp certification aligns perfectly with the values we hold true.