The Electric Car Scheme has introduced a game-changing new initiative, The Charge Scheme, designed to make EV charging significantly more affordable for employees. This industry-first offering allows employees to salary sacrifice all their charging costs, leading to savings of 20-50% on charging expenses.
What is The Charge Scheme?
Building on the success of their original salary sacrifice EV program, which is one of the best ev schemes in the UK right now. The Electric Car Scheme now brings The Charge Scheme to the market to further reduce EV ownership costs. Through the scheme, employees can opt to salary sacrifice their EV charging expenses, whether charging at home, at work, or via public networks, making sustainable driving more accessible and cost-effective.
How Does it Work?
The Charge Scheme is designed to be easy for both employees and employers. Employees can enroll by choosing to salary sacrifice their charging costs and will receive an app and charging card for seamless management. Through a partnership with PlugSurfing, the app connects users to over 55,000 public chargers, allowing employees to track their monthly usage and apply their savings directly through payroll. With payroll instructions provided by The Electric Car Scheme, employers can easily set up the gross salary deduction, ensuring employees see significant savings on their EV charging.
Coverage for All Types of Charging
The Charge Scheme is designed to cater to all types of charging needs:
- Public Charging: Access to a network of 55,000 public chargers via the Charge Scheme app, created in partnership with PlugSurfing.
- Home Charging: Employees can easily bundle their car and home charging expenses under the scheme, simplifying EV management and maximizing savings.
- Workplace Charging: The Charge Scheme is compatible with any charging provider, allowing employees who charge at work to benefit as well.
Benefits of The Charge Scheme
The Charge Scheme is an industry-first that strengthens The Electric Car Scheme’s product lineup, allowing employees to salary sacrifice not only their EV and home charger but also their charging costs, making EV ownership more affordable and accessible. It’s free to set up and easy to integrate into any company’s existing salary sacrifice scheme, even if they are not currently a client of The Electric Car Scheme.
The Charge Scheme May Transform the UK Salary Sacrifice Market
The launch of The Charge Scheme by The Electric Car Scheme could have a transformative impact on the UK’s salary sacrifice sector, especially for employees considering EV adoption. This innovative initiative expands the traditional scope of salary sacrifice, moving beyond just car leases to cover charging costs, making electric vehicles more attractive and financially viable for a broader group of employees. Here’s what this means for the sector and why it could drive higher adoption rates:
- Broadened Appeal of EVs
By addressing a major ongoing cost—charging—The Charge Scheme removes a significant barrier to EV ownership. Employees can now enjoy substantial savings on both their vehicles and their charging costs, making the salary sacrifice route more appealing than ever for potential EV drivers. This bundled approach aligns with the UK’s broader push for electrification and could entice a more diverse range of employees to opt for EVs through salary sacrifice schemes. - Industry-Wide Adoption
The Charge Scheme’s flexibility in integrating with any employer’s existing salary sacrifice plan, regardless of their provider, makes it accessible to a wide array of companies. This open approach is likely to prompt other salary sacrifice providers to consider similar offerings, which could standardize EV charging benefits across the sector. - Increase in Salary Sacrifice Uptake
With potential savings of up to 50% on charging costs, The Charge Scheme could drive significant growth in salary sacrifice participation. Employees who were previously hesitant to switch to an EV may now find the cost benefits too compelling to pass up. This affordability could lead to a ripple effect, with more companies and providers enhancing their salary sacrifice options to remain competitive. - Support for UK’s Green Goals
By making EVs more affordable, The Charge Scheme aligns with the UK government’s sustainability targets, which aim to phase out new petrol and diesel cars by 2035. As salary sacrifice becomes a more attractive option for EV ownership, the sector will play a crucial role in supporting the UK’s transition to a low-carbon economy.
Overall, The Charge Scheme is set to elevate salary sacrifice offerings in the UK, making it a key player in encouraging widespread EV adoption. With both employers and employees set to benefit, this innovative approach could spark further growth and competition in the salary sacrifice market.
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