Fleet Evolution

Salary Sacrifice Car Scheme Opens First New Car Ownership to 82% of employees - fleet evolution

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andrew leech founder and md fleet evolution

Andrew Leech

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82% Are First-Time New Car Drivers

Analysis by Fleet Evolution has found that over 80% of eligible employees who joined one of its salary sacrifice car schemes were selecting their first ever new car through salary sacrifice.

The Tamworth-based salary sacrifice and fleet management specialist found that 82% of employees had never owned a new car before. Most were 20%, not 40%, taxpayers – dispelling the myth that salary sacrifice car schemes are only effective for well-paid staff who regularly change their cars.

This points to a growing trend: employees with moderate incomes are increasingly able to access new, fully electric vehicles thanks to structured, tax-efficient schemes.

Electric Cars Dominate Choices

n the overwhelming majority of cases, employees joining a Fleet Evolution car scheme chose an electric carjust 2% selected a hybrid. This clearly underlines the effectiveness of salary sacrifice car schemes in supporting green mobility, particularly for employees looking to reduce their environmental impact.

BIK Tax Incentives Drive Interest

A key factor in the decision-making process was the very low prevailing Benefit-in-Kind (BIK) tax rates on new electric cars, with current BIK rates at 3% and rising only slightly to 4% in 2026/27.

This, combined with the increasing variety of affordable electric cars entering the UK market, makes electric vehicles increasingly appealing to employees at all income levels.

“There is this misconception that salary sacrifice car schemes only work for very well-paid employees. But that is not the reality. Salary sacrifice has made a new car affordable for many lower paid employees, in many cases for the first time,“ said Fleet Evolution founder and managing director, Andrew Leech.

All-Inclusive Running Costs Appeal to All Income Levels

“Even the lower paid can benefit from a scheme’s advantages, which include all servicing, tyres, breakdown cover, road fund licence and fully comprehensive insurance,” he added. These fully bundled packages make electric cars significantly easier to manage financially, eliminating many of the hidden or unexpected costs of car ownership.

New Government Grant Could Increase Uptake Further

Leech said that the Government’s recently announced Electric Car Grant (ECG) of between £3,750 and £1,500 would have a dramatic impact on the affordability of electric cars within salary sacrifice car schemes, making them more accessible still.

“We calculate that the ECG will make electric cars around £50 net cheaper per month. But at the moment we cannot advise customers as to which manufacturers’ vehicles will be included within the grant, as we are as much in the dark as they are.”

Employers Introducing the Scheme

If you're an employer looking to introduce salary sacrifice to your company, book a call to speak with the Onboarding Team below!

Employees Going Green

If you're an employee looking to find out more about green motoring through salary sacrifice, book a call to speak with the Driverline Team below!

MG4 Most Popular Model for First-Time Drivers

Leech went on to say that the most popular electric car for first-time buyers/lessees through the scheme was the MG4.

“It represents a very attractive package with a high specification and a genuine 200-plus electric mileage,” he said.

Fleet Evolution calculates that employees earning as little as £32,000 can comfortably afford an electric car on salary sacrifice – a significant milestone for vehicle accessibility.

A Call for Government to Reassess Rules

Current rules for salary sacrifice schemes state that employees cannot enter into a scheme for any assets if the amount of salary sacrificed takes their take-home pay below the minimum living wage.

However, Fleet Evolution has been lobbying the government to amend these rules, arguing that the current laws discriminate against the very people they aim to protect.

“We would like Government to make a minor adjustment to the current rules with a caveat which states that the minimum living wage threshold remains in force, unless the employee opts for and agrees to a beneficial salary sacrifice arrangement which takes them below that level. That would open up electric car ownership to even more prospective employees,” said Leech.

FAQs

What is an employee benefits trust?

An Employee Benefits Trust (EBT) is a legal arrangement in which a company sets aside funds into a trust to provide various benefits to its employees, such as bonuses, share schemes, or retirement benefits. It is managed by independent trustees, and makes sure that the assets are used in the best interest of the employees. While originally popular for tax planning purposes, EBTs are now often used to support long-term incentive plans or employee ownership initiatives. They help align employee interests with the company’s success, promoting retention and motivation.

How to understand your workforce

Start with data. Use employee surveys, focus groups, or exit interviews to identify what your people actually value. A benefits scheme should reflect the demographics, lifestyles, and priorities of your team, and not just trends.

Make sure to prioritise flexibility and personalisation

One-size-fits-all benefits rarely work. Offering flexible benefits or a pick-and-mix system allows employees to tailor their package to suit their needs, whether that’s childcare support, mental health services, or extra annual leave.

Make sure your benefits are legally compliant

Make sure your scheme meets UK employment laws and avoids any bias. Review how benefits are accessed to ensure they’re inclusive of all genders, family structures, and health conditions.

The benefits you offer should align with your businesses goals

Tie your benefits to your culture and objectives. For example, if you're a sustainability-focused company, offer green commuting schemes. If retention is a challenge, consider long-term incentive plans.

How to increase benefit uptake?

Communicate clearly and regularly. Even the best benefits are useless if employees don’t know about them. Launch with clear communication, and regularly remind staff of what's available, through onboarding, internal platforms, and manager support.

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Fleet Evolution offers innovative salary sacrifice schemes, helping employers and employees save on costs while promoting eco-friendly electric cars. Enjoy easy setup, free maintenance, and swift activation for any company size.