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Cut the cost of new electric vehicles

 

The Government’s recent change to benefit in kind rules means that a cutting-edge electric vehicle (EV) can now cost less when leased through salary sacrifice – and employer National Insurance contributions are reduced as well.

Typical salary sacrifice electric car prices

 

Monthly costs will depend on car, salary and lifestyle, but here are some broad examples to give you an idea of how much an electric car costs on salary sacrifice*:

 

Car

Range

Gross Monthly Sacrifice

Net cost to Employee

Mini Hatch - Cooper S 33kWh 2

144 miles (WLTP)

£474

£289

Hyundai Kona – 64kWh

278 miles (WLTP)

£535

£328

Polestar 2 – 78kWh Pilot+

292 miles (WLTP)

£646

£397

*For illustration purposes only. Example based on 40% tax payer, 36 months and 15000 miles per annum. Road fund licence, manufacturer servicing, breakdown cover, fully comprehensive insurance and one vehicle charge point are included for the duration of the term.

 

It’s a compelling offer and we’ve made it easy for you to benefit from it. With our SalaryPlan, you just tell us what you need, we sort the details and your colleagues benefit from brand new EVs at a much lower cost.

 

 

 

 

Want to know more?

 

Download our EV Salary Sacrifice guide today, or visit our EV Salary Sacrifice site for more information.

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