Salary Sacrifice FAQ’s

Employee Guide to Electric Vehicle (EV) Benefits and FAQs

Transitioning to Electric Vehicles: Why It Matters

As the world shifts towards more sustainable solutions, electric vehicles (EVs) have emerged as a pivotal change in the automotive industry, especially against the backdrop of the government's plan to ban the sale of new petrol and diesel vehicles in the future. Understandably, employees might wonder why moving away from traditional petrol or diesel vehicles is beneficial. The answer lies in the forward-thinking approach towards cleaner, more cost-effective motoring solutions. Transitioning to an EV now not only aligns with future regulations but also introduces employees to a world of savings, environmental benefits, and innovative technology.

Addressing Common Concerns: Costs and Charging Solutions

A common hesitation revolves around the initial cost, particularly the installation of home chargers. Fortunately, finding a qualified installer to assess your premises and guide you through selecting the right charger has become simpler. With the assistance of an approved OZEV installer, employees can access expert advice on costs and grant eligibility, making the transition smoother and more affordable. Moreover, choosing the correct charger, especially for overnight charging, can lead to significant savings, especially with lower electricity tariffs at night. For those living in flats or renting properties, as long as there's access to an electricity supply, parking space, and landlord approval, installing a home charger is feasible. And for those without a home charging solution, the UK's rapidly expanding network of public charging points provides a viable alternative.

Making the Switch: Salary Sacrifice and Savings

Participating in an employer's Salary Sacrifice scheme for an EV brings additional financial benefits, including savings on lease costs and a low Benefit in Kind (BIK) tax. This scheme not only makes acquiring an EV more accessible but also allows for the inclusion of maintenance and insurance in the lease, providing a comprehensive, worry-free motoring solution. For employees interested in exploring their options, AVC offers an easy online quoting process, along with personalized assistance to compare vehicles and calculate savings, ensuring each employee finds the perfect EV plan to suit their needs.

In conclusion, transitioning to an EV as part of an employer's initiative not only supports cleaner, more sustainable motoring but also offers significant cost savings and benefits. With the right information and support, employees can confidently make the switch to electric vehicles, contributing to a greener planet and enjoying the advancements in automotive technology.