How EZOO’s Salary Sacrifice Scheme Simplifies EV Adoption

Transitioning to an electric vehicle (EV) can feel daunting, especially if you’re used to petrol cars, hybrids, or manual transmissions. However, EZOO’s salary sacrifice scheme makes adopting electric vehicles simpler, more affordable, and entirely stress-free.
 

Smooth Transition from Petrol or Hybrid to Electric

Switching from petrol or hybrid vehicles to fully electric can initially seem challenging. Concerns about range, charging infrastructure, and performance might arise. EZOO addresses these by providing extensive guidance and a premium selection of electric vehicles designed for real-life practicality. Modern EVs, such as those offered by EZOO—including popular choices like the Tesla Model 3, Audi e-tron, or BMW iX—often match or even exceed the performance of petrol equivalents, offering rapid acceleration, smoother driving experiences, and advanced technology.
 

Moving from Manual to Automatic

For drivers accustomed to manual vehicles, the move to an automatic EV can be equally transformative. Electric vehicles eliminate gear shifting entirely, providing a seamless and smooth driving experience. The simplicity of driving an automatic EV greatly reduces driver fatigue and allows for more relaxed and enjoyable journeys, especially in urban or heavy traffic environments.

Significant Cost Savings

Adopting electric vehicles through EZOO’s salary sacrifice scheme offers significant financial benefits compared to traditional petrol vehicles:

  • Fuel vs Electric Charging: Electric vehicles drastically cut down running costs. For instance, the average cost per mile for electricity can be around 4p, compared to approximately 18p per mile for petrol, creating substantial savings in everyday driving.
  • Reduced Maintenance Costs: EVs require less frequent maintenance due to fewer moving parts and no requirement for oil changes or traditional engine servicing.
  • Lower Total Cost of Ownership: Overall savings when switching from petrol or diesel to electric are considerable when accounting for fuel, tax, servicing, and depreciation costs.

EZOO’s Comprehensive Support

EZOO’s salary sacrifice scheme is designed to ease the transition at every stage:

  • All-Inclusive Packages: EZOO takes care of insurance, servicing, maintenance, road tax, and even provides complimentary home chargers, removing typical hassles associated with car ownership.
  • Flexible Options: Choose from a flexible short-term subscription or long-term lease options, accommodating your specific needs and financial circumstances.
  • Educational Resources and Support: EZOO provides resources and expert guidance to help drivers quickly adapt to electric vehicle driving, ensuring confidence and comfort from the outset.

Making Electric Accessible for Everyone

Whether you’re transitioning from petrol, hybrid, or manual transmission, EZOO’s salary sacrifice scheme makes it not just possible but highly advantageous. Employees benefit from significantly reduced costs, and companies benefit from providing a sought-after, premium, and sustainable perk, boosting morale and enhancing retention.

EZOO simplifies the adoption of electric vehicles through their tailored, supportive approach and comprehensive salary sacrifice scheme. Switching to electric becomes effortless and financially rewarding, enabling more drivers to experience the numerous advantages of electric vehicles.

Make the transition smoother, more affordable, and straightforward – choose EZOO and embrace a cleaner, smarter way of driving.

If you are a business owner, get in touch to find out how EZOO’s salary sacrifice scheme can become your most valued employee perk. 

If you are an employee who is ready to save, refer your company today.  

Unlocking the Benefits of Salary Sacrifice for Premium Electric Vehicles

Imagine driving a luxury electric car like a Tesla Model Y, an Audi Q8 e-tron, or even a Porsche Taycan, without facing the hefty upfront costs. Thanks to EZOO’s salary sacrifice scheme, this dream is easily achievable, offering remarkable vehicles at a fraction of their typical cost.
 

How Salary Sacrifice Works

A salary sacrifice scheme allows employees to exchange a portion of their gross salary for a premium benefit, such as an electric vehicle. Because payments are deducted before tax and National Insurance contributions, employees can enjoy substantial savings, often between 30% and 60%, compared to traditional leasing or outright purchasing methods.
For example, a Tesla Model 3 that might typically cost upwards of £900 per month under conventional leasing terms could be significantly reduced through salary sacrifice, often making it financially accessible for professionals at all levels.
 

Benefits for Employees

  • Access to Luxury: Employees gain access to high-end vehicles without the upfront financial burden.
  • Significant Savings: Reduced monthly payments thanks to tax and National Insurance efficiencies.
  • All-Inclusive Convenience: EZOO’s comprehensive packages include insurance, servicing, maintenance, road tax, and breakdown cover, removing the typical headaches associated with vehicle ownership.
  • Flexible Contract Options: Choose between shorter-term subscriptions or fixed-term leases, adapting seamlessly to changing needs.

Why Company Owners and Directors Should Consider Salary Sacrifice

As a company owner or director, providing salary sacrifice options to employees isn’t just beneficial for staff, it’s advantageous for your business too:

Financial Efficiency

The EZOO salary sacrifice scheme is designed to be cost-neutral for employers. The administrative fee is directly offset by savings in National Insurance contributions and VAT, ensuring no additional cost burdens.

Enhanced Employee Satisfaction and Retention

Offering a premium benefit like access to luxury electric vehicles significantly boosts employee morale and retention. In a competitive job market, such benefits can set your business apart, making it more attractive to potential recruits.

ESG and Sustainability Commitments

Adopting a fully electric fleet helps your company meet Environmental, Social, and Governance (ESG) goals, reducing your carbon footprint and enhancing your corporate image as a forward-thinking and environmentally responsible business.

Comprehensive Early Termination Cover

EZOO offers robust early termination coverage, ensuring your business isn’t financially exposed if employees leave or face significant life changes. This coverage provides peace of mind and financial stability.

Real-Life Luxury at an Accessible Cost

Consider this scenario: through EZOO’s scheme, an employee choosing a Porsche Taycan could see their monthly costs significantly reduced compared to a conventional leasing arrangement, making what was previously an aspirational vehicle a practical reality.

Meanwhile, directors or business owners opting for high-end vehicles such as the Audi Q8 e-tron not only enjoy substantial financial savings personally but also reinforce the company’s commitment to sustainable luxury and innovation.

EZOO’s salary sacrifice scheme effectively transforms the dream of driving premium electric vehicles into an attainable reality for employees and a strategic advantage for employers. With substantial financial benefits, flexible contract options, and all-inclusive packages, there’s never been a better time to embrace this opportunity.

Unlock the power of premium EVs at a fraction of the cost and drive your business toward a greener, more sustainable future with EZOO.

Get in touch with a member of our team today to discuss how much you or your employees could save with a salary sacrifice scheme. 

How the Spring Statement Could Affect Your Next Car…And Why Salary Sacrifice Still Wins

Spring Budget 2025
With the Spring Statement just around the corner (26 March), many drivers and businesses are wondering what it could mean for them. While no major surprises are expected, there are key tax updates that will impact the cost of driving—especially for those considering an electric vehicle (EV). 
 
So, let’s break it down: what’s changing, how it affects you, and why an EV salary sacrifice scheme might still be the smartest way to drive an electric car for less. 
 
 

Benefit-in-Kind (BiK) Tax – Still a Bargain for EV Drivers 

If you get a car through a salary sacrifice scheme, you’ll pay Benefit-in-Kind (BiK) tax on it. The government has already confirmed that BiK for EVs will rise gradually from April 2025:
 
Currently: 2%
April 2025: 3%
April 2026: 4%
April 2027: 5%
April 2028: 6% 
 
That might sound like bad news, but let’s put it in perspective. The BiK rate for petrol or diesel cars can be as high as 37%! That means even with the increases, EV drivers will still save thousands in tax each year compared to those driving petrol or diesel cars.
 
 

 

National Insurance Changes – What It Means for Businesses and Employees 

Another big update is to National Insurance Contributions (NICs): 
 
  • The employer rate is increasing from 13.8% to 15%. 
  • The threshold for paying NICs is dropping from £9,100 to £5,000. 
For businesses, this means higher payroll costs. But here’s the silver lining: offering an EV salary sacrifice scheme helps reduce taxable salaries, which means lower NIC payments. It’s a win-win—employees get a cheaper car, and businesses cut their NIC bill. 
 
 
 
 

Road Tax – New Costs for All Cars (But EVs Still Win!) 

Starting next year, road tax is changing for all vehicles – including electric ones. Here’s what to expect: 
 

First-year tax: 

  • EVs: £10 
  • Petrol/diesel (91+ g/km CO2 emissions): £390 
  • Petrol/diesel (255+ g/km CO2 emissions): £5,490 
  • Annual tax after the first year: £195 for all cars 
Yes, EVs will no longer be fully exempt from road tax, but they’re still far cheaper to run. Over a typical 3-year lease, an EV driver could save over £5,000 in road tax alone compared to a high-emission car. 
 
 
 
 

Luxury Car Tax – EVs No Longer Exempt 

If your car has a list price over £40,000, you’ll have to pay an extra £425 per year for five years. EVs used to be exempt, but that’s changing. The good news? Through salary sacrifice, you’ll save up to 60% on the cost of the car anyway, meaning you’re still paying far less overall. 
 
 
 
 

So, Is Salary Sacrifice Still Worth It? 

Absolutely. Despite these changes, EV salary sacrifice with EZOO remains the most cost-effective way to drive a new electric car. Here’s why: 
 
  • Massive Tax Savings – Up to 60% off compared to leasing privately.  
  • Lower NICs for Employers – Cut business costs while offering a valuable perk.  
  • Cheaper Running Costs – EVs cost less to charge, maintain, and now even in road tax.  
  • Hassle-Free Package – Insurance, servicing, and breakdown cover are all included.  
  • Flexible Terms – Drive an EV from as little as 3 months. 
With costs rising across the board, the smartest move is to lock in lower rates now before any further changes. If your employer doesn’t offer salary sacrifice yet, now is the time to introduce them to EZOO. 

We can help convince them. Get in touch now.
 
 
 
 
EZOO makes switching to an EV simple, stress-free, and cost-effective. Want to see how much you could save? Explore Salary Sacrifice with EZOO 

click here to see our range of premium electric vehicles accessible via salary sacrifice or speak to an expert today.

What is EV Salary Sacrifice & How Does it Work?

What is EV Salary Sacrifice & How Does it Work?

To put it simply, an EV salary sacrifice scheme is a government benefit scheme that can help you afford to lease an electric car in a cost-beneficial way.

Essentially, you agree to give up a portion of your salary in exchange for an electric vehicle lease, and this arrangement allows for the lease payments to be deducted from pre-tax income, which lowers your taxable income.

This not only incentivises the adoption of environmentally sustainable vehicles but also offers significant cost savings by reducing your overall tax liability.

In this blog, we explain how EV salary sacrifice works, along with the benefits of the scheme and what type of electric car you should choose.

How Does EV Salary Sacrifice Work?

Are you interested in exploring how you can benefit from driving an electric vehicle while keeping the costs down?

The EV salary sacrifice scheme from EZOO offers a structured approach to acquiring a zero-emission car with financial advantages, which we’ve outlined below:

  • Car Leasing: Once an employer sets up the salary sacrifice scheme with us, they lease an electric car on your behalf, typically lasting between two and four years.
  • Simple Payments: The lease payments come straight out of your pre-tax salary. This means you’ll save between 30% and 60% on the cost of the car because the payments are deducted before tax.
  • Hassle-Free Experience: You can pick from a list of approved electric cars, and the one you choose will be delivered right to your door – with EZOO the wait can be as little as 7 days. The lease package covers everything: insurance, servicing, breakdown cover, and tyre replacement, so you don’t have to worry about extra costs.

Employers also benefit from this scheme, as the leasing company, such as ourselves EZOO, handles all the fleet management administration at no additional cost. This allows employers to offer valuable employee benefits with minimal effort.

Overall, the process is simple as we liaise with employers to handle the paperwork, while you enjoy the benefits of a zero-emission vehicle at a reduced cost. 

However, if you have more questions find out more about how it works here >

What are the Benefits of EV Salary Sacrifice?

Aside from the fact that you get to drive one of the latest electric cars of your choice, we have a large and ever-expanding fleet of vehicles for both long and short-distance driving.

There are other benefits to consider, including:

Big Savings

You could save between 30% and 60% on the cost of driving an electric car. The best part is that payments are taken directly from your pre-tax salary, which lowers your taxable income and National Insurance contributions.

Plus, you can say goodbye to the high costs of petrol or diesel. 

All-Inclusive Coverage

No need to worry about road tax, maintenance, or insurance as many EV salary sacrifice packages cover these, along with the installation of a home charger.

With fixed monthly payments and no need for a large deposit or credit check, managing your budget becomes much easier—and your credit rating stays intact.

Flexibility and Peace of Mind

You’ll have a wide range of electric vehicles to choose from and the option to upgrade every few years, depending on your contract.

You don’t have to worry about the car’s value or selling it when it’s time to switch. It’s all taken care of, giving you the freedom to enjoy the ride.

Helping the Environment

Electric cars stand out as the environmentally friendly choice compared to petrol or diesel vehicles. They’re powered by lithium-ion batteries that are charged with electricity, unlike combustion engines that run on fossil fuels.

This means electric cars produce no exhaust fumes, significantly reducing harmful greenhouse gases like carbon dioxide that are typically emitted by traditional vehicles.

An EV salary sacrifice scheme offers you an affordable way to drive a new or used electric vehicle, with the added convenience of fixed payments, comprehensive coverage, and flexibility that fits your lifestyle.

Choosing the Right Electric Vehicle for Salary Sacrifice

So, how do you know how to select the right electric vehicle through a salary sacrifice scheme?

This involves careful consideration of several key factors:

Vehicle Range and Battery Life

Assess how far the EV can travel on a single charge and its long-term battery performance. Consider your daily commute and driving habits. Opt for an EV with a range that suits your needs and check the battery warranty for peace of mind.

Charging Infrastructure

 Evaluate the availability of charging options. Look into local public charging stations and the possibility of installing a home charger. Convenient home charging can be a significant advantage, and many salary sacrifice schemes include this option.

EV Type and Size

 Choose from various EV types, including hatchbacks, sedans, SUVs, and luxury models. Consider your personal and family needs, such as passenger capacity and cargo space. Ensure the vehicle fits your lifestyle and practical requirements.

Charging Options

Ensure you have access to reliable charging infrastructure, whether at home, work, or public stations. Charging at home is typically more cost-effective, but if you rely on public stations, check their availability along your regular routes.

By evaluating these factors, you can select an EV that meets your needs while maximising the benefits of the salary sacrifice scheme.

Join Our Scheme Today!

An EV salary sacrifice scheme is a great opportunity to drive a new electric vehicle while enjoying significant financial benefits. By allowing you to exchange a portion of your pre-tax salary for an electric car lease, the arrangement not only reduces your taxable income but also offers savings on National Insurance contributions.

In addition, the lease scheme covers essential costs like insurance, maintenance, and road tax, making it a hassle-free and budget-friendly option. Plus you are helping the environment so a real win-win.

With a wide selection of electric vehicles, flexible contracts, and the added benefit of contributing to environmental sustainability, EV salary sacrifice schemes are a smart and accessible choice for those looking to embrace the future of driving.

Be sure to evaluate your options carefully and check with your employer to take advantage of this cost-effective, eco-friendly opportunity.

Get in touch with us today to find out more about what we can offer you.

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