Octopus Electric Vehicles has secured a multi-million-pound green funding line from HSBC UK to support the growth of its salary sacrifice scheme, which aims to make the switch from a petrol or diesel car to an electric car easy and affordable for businesses and drivers. The company will use the funding to finance its fleet of electric cars for clients … [Read more...]
Slashing costs of electric vehicles
A new employee benefit initiative, The Electric Car Scheme, has launched. Staff across the UK are now able to submit a request for a heavily discounted electric car through their employers, in a similar vein to the popular Cycle to Work scheme. This high-demand new staff benefit is a UK Government tax incentive and works via a salary sacrifice scheme. … [Read more...]
Salary sacrifice powers drive to evs
A 280% growth has been seen by Arval UK in the number of vehicles it operates under its Ignition salary sacrifice product during the last 12 months, with the top 15 cars chosen now all electric vehicles. Richard Cox, consultant at the fleet and mobility specialist, explained that the growth showed both the burgeoning popularity of “sal-sac” and how quickly … [Read more...]
Salary sacrifice is saving emissions, reports Arval
Around 89% of cars leased via Arval on salary sacrifice are now an electric vehicle, an increase from just 39% two years ago. Over the same time period, the total number of cars provided using the sustainable mobility specialist’s salary sacrifice scheme, Arval Ignition, has risen by 252%. A figure that includes growth in terms of both existing clients and … [Read more...]
Fleets changing with the tide of life
Future car fleet management could soon develop into three relatively equal pillars – conventional fleet, grey fleet and salary sacrifice schemes – FleetCheck is forecasting. The fleet software specialist says that its conversations with customers about the impact of EVs and the pandemic so far in 2021 are indicating a shift in emphasis of this kind. Peter … [Read more...]
