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  • My workplace is considering implementing some form of EV company car scheme, but are on the fence as interest is low.

    I'm struggling to find concrete info online about how such schemes could work, and where the benefits might lie to companies.

    Does anyone know how this shit works, and ideally have experience of it that they could share?

  • Benefit to the company is the the salary sacrifice is taken out before they have to calculate their employers NI and pension contributions on the remaining balance of your salary every month.

    As you now have a benefit of a company car you would also have an adjustment made to your personal tax code based (I think) on CO2 emissions of the vehicle so currently benefit on EVs is very low but will be changing.

    When you get a quote the company will usually model the net cost based on whether you are a lower or higher rate tax payer and impact on take home pay after the tax code change too.

    The 'all inclusive' bit is also worth putting on a spreadsheet to compare; just had a £180 Nissan mini-service after the first year of ownership paid by Arnold Clarke who my car is leased through.

  • @dubtap @andyp Thanks for the info, the Octopus website is pretty comprehensive.

    I'm trying to convince my employer to sign up, and also install a few charging points in the car park as a 'perk'...

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