Tusker has reported its strongest-ever year in the company’s history as a result of rising demand for EVs on salary sacrifice.

Kit Wisdom, managing director of Tusker

The business, acquired by Lloyds Banking Group at the start of 2023, saw its fleet grew by more than 90% in 2023, with EVs accounting for 82% of the cars delivered and 75% of the fleet as a whole.

While EV demand may have slowed down in the wider new car market, Tusker is continuing to see growth in orders for electric cars, as the company continues to break its own records for deliveries month on month.

Tusker’s average CO2 emissions of its fleet have also dropped to 13g/km.

Tusker’s scheme is now available to more than one in five employed people in the UK across a broad selection of blue-chip corporations, SMEs, third-sector and public bodies.

Tusker continues to spotlight the affordability of driving an electric car through a salary sacrifice arrangement and said its policies remain cost effective, despite record rises being seen in insurance costs for owner-drivers.

With amounts fixed for the duration of the agreement, and with BiK rates published until 2028, drivers are fully aware of their monthly commitment for the duration of their agreement.

Affordability is also reflected in customers’ choice of vehicles. In 2023, the Nissan Leaf, Mini Electric hatchback, Volkswagen ID.3 and MG4 EV featured in the most-ordered vehicles on the scheme. With lots more EV brands entering the UK market this year, Tusker expects to see many of these prove very popular across its driver base.

Kit Wisdom, managing director of Tusker, said: “We’re seeing more and more people make the switch to an EV thanks to the affordable way employees are able to drive one on the Tusker scheme.

“Our continued growth shows that while an EV might not be for everyone, the vast majority of drivers are keen to drive EVs with the proportion of people choosing petrol vehicles dropping year on year.”