The Smart Way to Drive Electric

The best way to get a new Electric Vehicle (EV) and save some serious cash? Salary sacrifice. Sounds scary - like you’re giving up your hard-earned money. Yet it’s actually one of the smartest ways to drive electric without emptying your wallet.

What is Salary Sacrifice?

Salary sacrifice means you swap part of your pre-tax salary for a benefit. In this case, a brand-new EV.

• Payments come before tax and National Insurance, so you pay less overall.

• Your employer usually handles all the boring stuff: lease, insurance, and maintenance.

Why Only EVs?

Because petrol and diesel cars don’t get the same tax perks.

• EVs enjoy super-low Benefit-in-Kind (BIK) rates and government incentives.

• Plus, driving electric is the future.

How It Works

1. Pick an EV your employer offers.

2. Agree on a salary sacrifice amount - basically your lease cost, maybe insurance and maintenance too.

3. Your pay is reduced before tax, and you drive off in a new EV.

4. BIK tax is calculated based on the car’s value and emissions.

5. Enjoy zero-emission driving without the admin headaches.

Why It’s Winning

• Lower monthly cost - thanks to tax savings.

• No massive deposit - just your salary swap.

• All-in-one package - insurance and maintenance often included.

• Good for the planet - one less petrol car on the road.

Watch Out For

• BIK rates change - they could rise, so check the forecast.

• Mileage limits - go over, and you pay extra.

• Leaving your job early - this can affect your lease.

• Gross salary drops - might affect mortgages or other borrowing.

Bottom Line

Salary sacrifice EVs are a smart, simple, and cost-efficient way to get into electric driving. If you plan to stay with your employer and stick to the mileage, it’s usually cheaper than owning outright — and better than most other lease deals out there.