Salary sacrifice schemes could be key to driving the uptake of electric cars from private buyers, according to experts. With the UK’s zero emission vehicle mandate due to be implemented from 1 January 2024, after which time manufacturers will be required to sell an increasing proportion of EVvs, schemes that promise drivers access to cheaper EVs look to be a potent weapon in their efforts to register sufficient numbers.
” What is an electric car salary sacrifice? Salary sacrifice allows employees to finance a new car, leased by their employer, out of their gross pay. For employees, the benefit is a new car at significantly less cost than one they could source and finance privately. For employers, it’s being able to offer an additional retention and recruitment incentive .