A comprehensive EV salary sacrifice guide for Business Owners, Directors, HR Professionals and Benefit Managers.

In January 2024, Britain registered its 1 millionth electric vehicle, and with the UK government targeting zero emissions for 80% of all new cars by 2030, the EV revolution is just getting started.

But with cost-of-living pressures eroding employees’ spending power, whilst intensifying pressure for wage growth, employers can find themselves in a difficult position. Fortunately, to incentivise the move to EVs, the UK government offers compelling tax incentives, which can alleviate both these issues.

In this guide, we’ll explore the benefits of salary sacrifice schemes, which can offer employees access to the latest EVs, at significantly reduced monthly cost.

We’ll also highlight the advantages for employers, showcasing how they can improve employee retention and satisfaction, reduce national insurance costs, and reduce your company’s carbon footprint - all at no cost to the business.