The Top 3 EV Scheme Benefit Providers

You've probably heard of EV salary sacrifice schemes and how they can be a benefit to your employees. But how do you choose the best provider? We've rounded up our top picks for EV scheme providers to help you make sense of the options and find the right fit for your team.

What is an EV scheme?

An EV scheme is a type of salary sacrifice benefit you can offer to your employees, allowing them to lease or finance an electric vehicle in a cost-effective way. This is a great way for employees to save money on what is usually considered a large and expensive purchase, but also an environmentally friendly travel option.

Why should you offer an EV scheme to your team?

An EV salary sacrifice scheme can save not only your employees money, but your business, too. That’s because companies who offer this scheme benefit from reduced national insurance contributions, as employees will use their pre-tax salary to pay for the car.

Plus, an EV scheme can help your business reach its ESG goals thanks to its ability to reduce your carbon footprint. So you can save money and have a positive impact on the planet.

Another reason you might choose to offer this kind of scheme is to make your workplace more attractive to future candidates. High salaries are no longer the only way to stay competitive as an employer – employees these days want better benefits too, with three quarters of people claiming they want the EV scheme in particular.

We can all agree it’s important for employers to be fair and treat their staff equally. Offering an EV scheme can help with this, as it gives employees at lower income levels the opportunity to purchase a vehicle and potentially save money commuting to work.

The top 3 EV scheme benefit providers

Here at Ben, these are the providers we partner with to bring you EV salary sacrifice schemes:

Octopus EV

With Octopus EV, your employees can save up to 40% off the cost of an electric car via the salary sacrifice scheme. With Benefit-in-Kind rates so low for electric cars, next to no tax is paid for this benefit. This all-in-one monthly salary sacrifice scheme includes everything your people need to hit the road: the car, charger, energy, comprehensive insurance, breakdown cover, servicing, maintenance, tyres – the lot.

Tusker

Tusker's green car benefit provides employees with a brand new, fully-maintained and insured car for an affordable, fixed monthly amount. Combining tax efficiencies and manufacturer discounts, this is a great value fully-inclusive package. All drivers need to do is add fuel or charge and go. They don’t even need to pay a deposit. And Tusker’s Lifestyle Protections mean that if an employee leaves their job, they can simply hand the car back without any cost to them or the employer.

The Electric Car Scheme

The Electric Car Scheme allows your employees to save up to 50% on any electric car of their choice; they agree to deduct a portion of their pre-tax salary each month to cover the cost. Employees will receive the best prices on electric cars available in the market and a trusted 5* service that goes above and beyond your expectations.

Want to learn more about EV schemes?

You can get started with an EV scheme using any of these providers with Ben. Or, book a demo and one of our consultants will ask you a few questions and pair you with the right provider from our extensive broker network. Start saving money for your people and your business today with one of the best employee benefits around.