The Electric Car Scheme to offer EV salary sacrifice services via subscription
The Electric Car Scheme has partnered with subscription car service Onto to offer a new subscription-based salary sacrifice scheme for electric vehicles.
Said to be a UK-first, the scheme will open up the cost-saving benefits of salsac to new businesses, enabling more employees to enjoy 30-60% savings on any electric car at no cost to their employer.
Until now, salary sacrifice has been limited to long-term leases on electric cars, limiting access, notably to companies with less than two years of trading. In 2021 alone there were 810,000 new businesses in the UK and these companies were previously unable to offer electric car salary sacrifice to their employees.
The new scheme targets such businesses as well as tapping into growing demand for subscription cars. Benefits include quick access to cars and an all-inclusive package that features maintenance, insurance and breakdown cover.
The Electric Car Scheme CEO and co-founder Thom Groot noted that “more than 80% of employees in the UK want their next car to be an electric car, and it’s only right that the government rebate for electric cars is made accessible to as many people as possible. Subscriptions have been a great way for people to try driving and owning an electric car. Now The Electric Car Scheme can help more people try electric car subscriptions and make this step as affordable as possible.”
Onto CEO and co-founder Rob Jolly continued: “This partnership is an exciting proposition for employers and employees alike. As the shift to electric cars continues, we want to continue making electric cars accessible to all and provide customers with a cost-effective, hassle free, flexible experience that also makes them feel good about their impact on the planet.”
Once an employer signs up to the initiative, The Electric Car Scheme helps their employees select and order the best electric car for them. The employer is also supported throughout the process with payroll, admin and finance support offered by The Electric Car Scheme.