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‘Easier than pensions’: why electric cars are the hot company perk

Salary sacrifice schemes provide cheaper access to EVs

In decades past, the company car was a symbol of professional status, prized by employees as a visible marker of seniority.

It is now making a comeback in a different guise as a popular workplace perk — and has quietly become the biggest driver of electric vehicle sales across the UK.

Employers are increasingly allowing staff to lease electric vehicles for their personal use through salary sacrifice schemes, which means they can make big tax and national insurance savings. The benefit significantly reduces the cost of the car and gives companies a chance to encourage staff to think about their environmental impact.

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