Fleet Evolution

The scheme is brilliant way to help companies reduce their CO2 footprint and be less dependent on fossil fuels. By switching as much of your fleet to electric cars as possible, each employee trip will emit 30% less carbon dioxide than a typical diesel vehicle would.

Introducing electric salary sacrifice cars as part of your employee benefits package also brings many cost-saving benefits, none more so that reducing the amount of National Insurance Contributions (NICs) you make. Whilst employers pay NIC contributions on their employee’s salaries, benefits such as a car salary sacrifice scheme or pension contributions are exempt. That means the more employees who agree to the scheme, the less NIC contributions you make. By championing the go-green message, you can not only save money, but play your part in reducing our reliance on fossil fuels.

As employees are giving up part of their salary, the cost benefits need to be attractive enough in order for them to do so. The good news is, they are. In return for the deduction of overall pay, employees receive a fully-maintained electric car, and pay less tax and national insurance each month. As salary sacrifice cars and schemes are exempt from NIC contributions, the employee will only continue to pay tax and make contributions to their national insurance based on the amount of their newly lowered income. For many employees, paying less tax and NIC, combined with the option to own an electric vehicle and play a role in reducing our detrimental impact on the environment, is a tremendous perk.

Fleet Evolution provide a low-admin, total control approach to electric car sacrifice schemes. To set up your scheme for free today and to learn more about what’s included, visit the Fleet Evolution website or call them on 0300 302 0626.