EDF has introduced a new salary sacrifice scheme for electric vehicles (EVs) for small- and medium-sized (SME) employers.
Through the salary sacrifice scheme, EDF’s customers’ employees can save up to 40% by exchanging part of their salary, with the gross amount sacrificed cutting the individual’s income tax and national insurance (NIC) liability, and the employer’s NIC liability.
The British energy firm is offering these businesses the option to help staff reduce the cost of a new EV through an extension of its partnership with DriveElectric.
Announcing the new initiative, the companies explained that salary sacrifice is a cost-effective way for an employee to switch to a new EV, with zero upfront outlay and lower vehicle running costs. They said that, for employers, the scheme also enables them to “attract, reward and retain the best employees, and accelerate an organisation’s progress towards its net-zero goals”.
Diana Bowden, sales and marketing director at EDF, said: “We’re on a mission to help everyone go net-zero by making it easier for customers to save cash and CO2. So we’re delighted to announce the launch of our salary sacrifice offer with DriveElectric. This latest initiative gives the employees of our business customers the ability to drive a brand new EV and have a Pod Point home charger fitted with significant savings, as well as to charge their vehicle using our zero-carbon GoElectric tariff.
“Our partners at DriveElectric already deliver an exceptional service to our personal and business leasing customers, so we’re excited to be working with them on this new offer to help even more drivers save cash and carbon.”
EDF customer employers can now search, select and order an EV online all year round, while businesses can control and oversee salary sacrifice electric vehicle leases using DriveElectric’s EV Hub.