The electric vehicle (EV) market is accelerating fast and the unique and ground-breaking salary sacrifice car scheme offered by Pink Salary Exchange is your opportunity to get involved. In September 2021, EVs accounted for 15% of new vehicle sales and outsold diesel vehicles, so more and more people are making the switch to EVs.
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All major manufacturers now offer an electric vehicle
When Nissan put the Leaf on the market in 2010 it changed the landscape for electric vehicles. It was a major manufacturer entering the EV game and it was a resounding success. Although it has since been surpassed by the Tesla Model 3 as the all-time best-selling EV, it has surpassed 500,000 global sales and paved the way for every major vehicle brand to develop EV technology. In 2021 EVs offer a driving range from 150 miles to over 250 on one full charge. This has reassured motorists that EVs are the future of motoring and signing up with Pink Salary Exchange is a practical and affordable way to drive.
Our EV Salary Sacrifice Scheme Examples
Take a look at some of our most popular vehicles businesses choose as part of their Pink Salary Sacrifice Scheme!
Tesla Model 3 Saloon Salary Sacrifice
Tesla Model Y Hatchback Salary Sacrifice
Kia EV6 Electric Estate Salary Sacrifice
MG Motor UK MG4 Hatchback Salary Sacrifice
Cupra Born Electric Hatchback Salary Sacrifice
Porsche Taycan Saloon Salary Sacrifice
Audi Q4 E-Tron Estate Salary Sacrifice
Volkswagen ID.4 Esate Salary Sacrifice
Financial Example
Mercedes-Benz EQA
20% Tax Rate
=£458 p/m
40% Tax Rate
=£409 p/m
45% Tax Rate
=£379 p/m
60% Tax Rate
=£294 p/m
The figures above are the estimate of the true net monthly cost to the employee of taking this car via salary sacrifice. It includes the car, full maintenance and insurances.
The figures are based on the employee's marginal rate of income tax which impacts the net salary sacrifice value.Financial Example
SEAT Mii One Electric
20% Tax Rate
=£235 p/m
40% Tax Rate
=£208 p/m
45% Tax Rate
=£194 p/m
60% Tax Rate
=£208 p/m
The figures above are the estimate of the true net monthly cost to the employee of taking this car via salary sacrifice. It includes the car, full maintenance and insurances.
The figures are based on the employee's marginal rate of income tax which impacts the net salary sacrifice value.Financial Example
Mercedes-Benz EQA
20% Tax Rate
=£458 p/m
40% Tax Rate
=£409 p/m
45% Tax Rate
=£379 p/m
60% Tax Rate
=£294 p/m
The figures above are the estimate of the true net monthly cost to the employee of taking this car via salary sacrifice. It includes the car, full maintenance and insurances.
The figures are based on the employee's marginal rate of income tax which impacts the net salary sacrifice value.Financial Example
SEAT Mii One Electric
20% Tax Rate
=£235 p/m
40% Tax Rate
=£208 p/m
45% Tax Rate
=£194 p/m
60% Tax Rate
=£208 p/m
The figures above are the estimate of the true net monthly cost to the employee of taking this car via salary sacrifice. It includes the car, full maintenance and insurances.
The figures are based on the employee's marginal rate of income tax which impacts the net salary sacrifice value.
What are the benefits of driving an EV?
Zero Emissions
Because you are driving using an electric motor charged by a battery
Running Costs
It costs an average of £63.80 to fill a tank with petrol or diesel, in comparison a full charge on an EV could cost less than £1, depending on the size of vehicle, its battery size and how fast the charger is.
Low Maintenance
Because there are fewer moving parts, less can go wrong, so service and maintenance costs are minimal.
Performance
EVs are lighter and easier to handle than traditional vehicles and technology is improving all the time to make them more spacious, with better connectivity, better safety features and better range.
Which EV should I choose?
In 2021 alone, new EV models have entered the market such as the Skoda Enyaq, BMW iX3, Hyundai Ioniq 5 and Audi Q4 e-tron. These have helped to develop the EV market and offer more choice to EV drivers, which you can benefit from as part of our salary sacrifice car scheme.
After the Nissan Leaf changed the EV market in 2010, big manufacturers such as Volkswagen, BMW and Audi really shook things up by adding their considerable weight to the developing EV industry. The VW Id.4, BMW Ix3 and Audi e-tron were game-changers and opened up the market to different demographics.
So now you can choose a small city car EV such as a Peugeot 208, Hyundai Kona or a Renault Zoe, or if you have a family to transport daily, a bigger SUV-type EV like the Citroën Berlingo, Audi Q4 or Volvo XC40 might suffice.
The executive and luxury markets are well catered for too with the Hyundai Ioniq and Tesla Model S, and even vans are in on the game with the Vauxhall Vivaro and Mercedes-Benz Eqv
If you sign-up with Pink Salary Exchange today, you can have access to the EV that matches your budget, your lifestyle and your motoring ambitions, so get in touch today.