The British Government should incentivise EV private car purchases, say the car-makers. The Society of Motor Manufacturers and Traders said the ev market has moved from the early adopter phase with 16% of new registrations but more incentives were needed to push towards the zero emissions target of the Government. A petition in Wales calling for this week's 20mph urban speed limit to be repealed … [Read more...]
Newslines 4 September
The fifth generation, all-electric MINI Cooper will be unveiled at the German Motor Show in Munich this week. It will be available in E or SE grades with 190 or 250 miles range and priced from £30,000 next Spring. EDF’s small and medium-sized enterprise business customers can now save up to 40% on the cost of an electric vehicle through DriveElectric’s salary sacrifice scheme. Building upon … [Read more...]
Octopus Energy spread into used evs for business
Octopus Electric Vehicles has launched a second hand workplace leasing scheme for electric cars. Octopus’ ‘Nearly New’ salary sacrifice offer makes EVs even more accessible to the mass market by considerably reducing costs. Drivers are able to access popular EV models like the Renault Zoe, Peugeot e-208 and Vauxhall Mokka-e for roughly £300 a month, including fuel, insurance and maintenance … [Read more...]
EV fleet challenge to smaller businesses
According to recent findings by Alphabet GB, small and medium-sized fleets are facing difficulties in transitioning to electric vehicles. While companies have the desire to initiate the switch to electrified vehicles, 45% of fleet managers claimed that they lack the required knowledge and time to take the crucial initial steps. A majority of businesses that operate with smaller fleets are still … [Read more...]
Employees missing out on tax break
Current conditions are hampering take-up of salary sacrifice with many failing to fulfil their potential as a result, said the Association of Fleet Professionals. The organisation says that although employees are keen in theory to join salsac schemes, the initiatives are being badly affected by a range of factors including highly restricted electric vehicle supply, rising lease costs and the … [Read more...]
Halve your new company car costs
With the cost-of-living crisis heading the domestic political agenda, an EV salary sacrifice car scheme costs nothing to introduce, works for all employees, and can save workers hundreds of pounds per month. An innovative electric car scheme holds the key to solving the two crises facing the world today – the climate emergency and the cost-of-living crisis. After a summer of record-breaking … [Read more...]
Newslines 31 May
Octopus Electric Vehicles has secured a multi-million-pound green funding line from HSBC UK to support the growth of its salary sacrifice scheme, which aims to make the switch from a petrol or diesel car to an electric car easy and affordable for businesses and drivers. The company will use the funding to finance its fleet of electric cars for clients offering EVs as a benefit to their employees … [Read more...]
Slashing costs of electric vehicles
A new employee benefit initiative, The Electric Car Scheme, has launched. Staff across the UK are now able to submit a request for a heavily discounted electric car through their employers, in a similar vein to the popular Cycle to Work scheme. This high-demand new staff benefit is a UK Government tax incentive and works via a salary sacrifice scheme. This ends up saving employees between … [Read more...]
Salary sacrifice powers drive to evs
A 280% growth has been seen by Arval UK in the number of vehicles it operates under its Ignition salary sacrifice product during the last 12 months, with the top 15 cars chosen now all electric vehicles. Richard Cox, consultant at the fleet and mobility specialist, explained that the growth showed both the burgeoning popularity of “sal-sac” and how quickly EV adoption could happen in the “right … [Read more...]
Salary sacrifice is saving emissions, reports Arval
Around 89% of cars leased via Arval on salary sacrifice are now an electric vehicle, an increase from just 39% two years ago. Over the same time period, the total number of cars provided using the sustainable mobility specialist’s salary sacrifice scheme, Arval Ignition, has risen by 252%. A figure that includes growth in terms of both existing clients and the creation of new schemes. Richard … [Read more...]