Businesses and can slash their costs if they move to make EV salary sacrifice schemes.
The electric vehicle salary sacrifice schemes will offset Rachel Reeves’s upcoming tax increases in April and companies have been seeking ways to minimise the impact of the Chancellor’s controversial National Insurance hike, which will rise from 13.8 per cent to 15 per cent from 1 April.
Thom Groot, chief executive of The Electric Car Scheme, said inquiries jumped by 20 per cent after the Budget announcement while car orders rose by 22 per cent in the same period.
He told The Telegraph, “Pretty much overnight after the Budget, we saw a big uptick in interest. Previously there were a lot of businesses who were looking at it and telling us, ‘This is interesting, but I’m really busy’.
“But now the increase in employee National Insurance contributions has sparked a lot of those businesses into action, because they’re being challenged on costs and asking, ‘How can we drive savings?'”
