How an EV Salary Sacrifice Scheme Can Improve Employee Wellness
Prioritising employee well-being is essential for a thriving workplace. Offering flexible working options and wellbeing-focused benefits helps retain talent, boost productivity, and create a happier team. When it comes to electric car salary sacrifice schemes - the benefits to employees stretch beyond the workplace - acting as a tangible improvement to the lives of your staff, and their overall wellbeing.
Introducing electric cars through an EV salary sacrifice scheme is a sustainable, modern benefit that complements flexible working and existing employee perks - creating a well-rounded, competitive compensation package at little to no cost.
Electric car salary sacrifice schemes allow employees to purchase electric vehicles at a reduced cost through their pre-tax salary, saving money and reducing their carbon footprint. This government initiative encourages more sustainable driving in the UK.
In this article, we'll discuss how salary sacrifice schemes provide additional benefits to employee wellness, promote work-life balance, and help your company become a more sustainable and inclusive workplace. Let's look at why implementing a company's electric car scheme could be transformative for your employees.
Key Insights:
Electric car salary sacrifice schemes provide financial benefits through pre-tax lease payments, saving employees up to 50% compared to standard leases.
EV schemes enhance company competitiveness as an attractive, forward-thinking employee benefit that helps with recruitment, and retention - at no net cost to employers.
EVs contribute to employee wellbeing by creating quieter, smoother commutes while increasing transport access, reducing stress, and improving work-life balance.
An EV salary sacrifice scheme can help organisations meet environmental and ESG goals while preparing for the 2030 petrol/diesel ban, positioning companies as sustainability leaders.
EV Salary Sacrifice is Future-Proof
Preparing for the EV Revolution With the 2030 ban on new petrol and diesel vehicles approaching, electric cars represent the future of motoring. The Electric Car Scheme helps your organisation stay ahead of this transition, providing employees with access to the latest EV technology and establishing your company as forward-thinking.
Electric vehicles offer long-term economic benefits through lower running costs compared to traditional vehicles. As the second-hand EV market matures and charging infrastructure expands nationwide, early adopters will enjoy both financial advantages and smoother adaptation to this inevitable shift in transportation.
Financial Peace of Mind
The Electric Car Scheme delivers financial certainty through fixed monthly payments deducted directly from gross salary. These all-inclusive packages typically cover the vehicle, maintenance, breakdown cover, and often include additional benefits such as discounted home charging points and special electricity tariffs.
With savings of up to 50% compared to standard leases and protection against future benefit-in-kind rate increases, employees enjoy significant cost reductions without unexpected expenses. This comprehensive approach eliminates the financial uncertainty of traditional car ownership, supporting employee wellbeing while operating at net-zero cost to employers.
EV Salary Sacrifice Schemes Reduce Stress and Offer Stability
Electric cars are smoother, quieter, and better for the environment - reflected in the driving experience, with reduced noise, vibrations, and emissions. This creates a more calming environment for employees during their commute - allowing them to relax, and focus on their drive, and helping them to arrive at the office refreshed and ready for work.
Additionally, electric vehicle salary sacrifice offers a wealth of affordable cars for your employees - increasing access to vehicles for those who would have previously been unable to sustain their costs. In turn, access to a car may improve employee flexibility, reduce the stress of their commute, increase reliability, and contribute to improved well-being through increased stability. In addition, electric cars break down less, and salary sacrifice schemes for EVs tend to offer all-inclusive maintenance and breakdown cover as standard.
By offering EVs as an employee benefit - you unlock the opportunity to present your company as environmentally conscious, whilst contributing to improved mental health, and well-being of your team - ultimately creating a productive work culture.
EVs improve work-life balance
Whenever your employees are driving to the office to attend meetings, doing the school run, or gearing up for their food shop - driving an electric car through a salary sacrifice scheme provides value beyond leasing a company car. It provides your employees with a car for all aspects of their lives - increasing daily flexibility and improving their commute whilst providing a valuable and flexible asset.
For those working in a hybrid manner - EVs can significantly reduce the cost of a longer commute - allowing your employees to live further away from work, and embrace lower cost of living. At the same time, your company benefits from the ability to select from a wider range of candidates by offering salary sacrifice as a benefit within your business. All this, without compromising on sustainability, or exposing your company to increased financial risk.
Salary Sacrifice Schemes Boost your Companies Competitiveness
With increasing popularity and demand for employee benefits, jobseekers are commonly seeking company benefits that make a real difference to their lives, and improve their wellbeing within the workplace, whilst aligning with their values.
The addition of an EV scheme into your employee benefits package furthers your commitment to employee wellbeing and helps you stand out in a competitive job market. EV salary sacrifice car schemes provide a top-in-class benefit to your employees at no net cost to the business, making them an attractive and financially sensible addition to your remuneration package.
Improve Your Businesses’ Environmental Credentials
As more people become conscious of their climate impacts - with increasing interest in sustainability - the demand for EV salary sacrifice schemes will continue to grow. Schemes like The Electric Car Scheme offer your business the opportunity to contribute to a cleaner environment by helping your team reduce its carbon footprint without sacrificing convenience or paying extra.
EV salary sacrifice car schemes can also help your company meet its own environmental and ESG goals while demonstrating corporate social responsibility. By facilitating the transition to electric vehicles for your employees, your organisation makes a tangible commitment to sustainability that aligns with increasingly eco-conscious consumer and employee expectations.
Offering EV Salary Sacrifice in your Company
You can set up a salary sacrifice scheme that works for your employees and your business through a trusted provider like The Electric Car Scheme. Setting up an electric vehicle salary sacrifice scheme within your company is easier than you might think, and at The Electric Car Scheme - we are ready to help you get started.
There is no net cost to your company and our specialists aim to make onboarding straightforward so that your business can start benefitting from EV salary sacrifice as soon as possible.
Ultimately, implementing an EV salary sacrifice scheme is a win-win-win: it improves employee well-being, supports environmental initiatives, and helps your company stay ahead of the curve in a competitive job market. By making this simple, forward-thinking change, you’ll enhance your workplace, support your employees, and contribute to a greener future.
How to Get Started
Step 1: Talk to us
Talk with one of our Product Specialists to understand how EV salary sacrifice will work in your business, and what we can do to help you get started.
Step 2: Sign up to The Electric Car Scheme
Our Product Specialists will handle the scheme setup and launch, ensuring a hassle-free process for you. We will liaise with your company to ensure a smooth launch.
Step 3: Launch the scheme
We’ll assign a dedicated Customer Success Manager to support your business with the launch of the scheme - this includes employee webinars, demo days, promotions and more.
Step 4: Ongoing support
Once your scheme is launched our EV Specialist and Customer Success Teams will regularly be in touch to ensure your scheme is an ongoing success. Your employees will then be able to lease their cars through The Electric Car Scheme.
Last updated: 07.03.25
