Steve Tigar: Why electric cars make employee benefit sense

Leading the charge

clock • 4 min read

Driving a new electric car is now within easy reach for many employees of financial services firms and is an ideal way for employers within the sector to forge greater staff loyalty. So, how is this possible? Steve Tigar explains...

Sales of new petrol and diesel cars will be banned from 2030, but the demand for electric cars is already happening now. This is the fastest growing sector of the market, and many want to be part of this revolutionary change. Financial services firms can meet the need by offering their employees access to a highly desirable, environmentally friendly, and brand-new leased vehicle. This is made possible through salary sacrifice, which, because of tax breaks, means the price of the car is around half of that for a vehicle leased outside of the workplace. Why lease? A 50% saving may so...

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