Why should your business set-up an electric car salary sacrifice scheme?
The Electric Car Scheme can be a great way for businesses to promote sustainability and reduce their environmental impact. These schemes allow employees to purchase electric vehicles at a reduced cost through their pre-tax salary, which can save them money on their vehicle purchase while also reducing their carbon footprint.
There are several reasons why businesses should consider setting up an electric car salary sacrifice scheme:
Cost savings for employees: By purchasing an electric vehicle through a salary sacrifice scheme, employees can save money on the purchase price of the vehicle and also on fuel costs. This can make electric vehicles more accessible and affordable for employees, which can help to promote sustainability and reduce the business's carbon footprint.
Attracting and retaining top talent: Electric car salary sacrifice schemes can be a great way to attract and retain top talent. Many employees are looking for ways to reduce their environmental impact and will be attracted to companies that offer sustainable options.
Improving company image: Companies that promote sustainability and take steps to reduce their environmental impact can improve their public image and reputation. This can help to attract new customers and build stronger relationships with existing customers, which can lead to increased sales and revenue.
Cost savings for the company: In addition to the cost savings for employees, businesses can also save money by promoting the use of electric vehicles. This can help to reduce the company's reliance on fossil fuels and lower its carbon footprint, which can lead to cost savings in the long term.
Overall, electric car salary sacrifice schemes can be a great way for businesses to promote sustainability, reduce their environmental impact, and save money. By offering this option to employees, businesses can attract and retain top talent, improve their company image and save money in the long term.
