Norton Motorcycles is offering employees the chance to switch to electric cars and benefit from cost savings of up to 40% via a new salary sacrifice scheme.

Norton has teamed up with EV leasing specialist DriveElectric to offer its employees a salary sacrifice scheme

The iconic British motorcycle manufacturer, which is currently developing an electric motorbike, has teamed up with EV leasing specialist DriveElectric, enabling employees to reduce the cost of driving a new EV by hundreds of pounds per month.

Rob Ridgway, head of human resources, Norton Motorcycles, explained: “As a member of the leadership team at Norton, I feel that I’m playing my part in developing our people and this iconic brand. Motorcycles already represent a sustainable way of getting around but giving our ‘Nortoneers’ the option to take an electric car via salary sacrifice amplifies our collective contribution to a decreased carbon footprint and is a lovely additional perk we’re offering to our enthusiastic team.”

Salary sacrifice enables employees to save up to 40% on an electric vehicle by exchanging part of their salary; the gross amount sacrificed reduces the employee’s income tax and national insurance (NIC) liability, as well as the employer’s NIC liability.

Examples of cost reductions offered by salary sacrifice compared to a personal lease for an employee include a £2,358 annual saving on a new MG4 SE, or a £3,317 annual saving on a new Tesla Model Y Long Range, for a 40% taxpayer.

Norton Motorcycles is providing employees with access to DriveElectric’s ‘Complete’ salary sacrifice solution, which includes insurance and early termination protection. A Pod Point 7kW Solo 3 home charger with an exclusive EV tariff can also be included in the package if required, allowing drivers to make significant savings on home charging.

Salary sacrifice customers can also benefit from DriveElectric Plus, a smart charging solution which can reduce EV charging emissions by up to 89%.

Mike Potter, managing director of DriveElectric, said: “Norton Motorcycles has joined an ever-growing list of organisations that are benefiting from salary sacrifice. Employees can save thousands of pounds per year on new or used EVs, with zero tailpipe emissions minimising impacts on climate change and local air quality. Norton’s employees receive support throughout the journey from our EV experts, ensuring that knowledgeable answers are provided to any questions about electric cars and charging.”