HCSA Conference

Time to go electric

Electric car options also provide employers and employees with even bigger savings. Until April 2025, electric vehicles that emit no emissions will attract a 2% Benefit in Kind rate. Ultra-Low Emission Vehicles will also attract generous tax breaks further reducing lease values. Our data shows that over a three-year zero emission car lease, employers can save on average £1,568 on Class 1 and pension contributions per year. And staff can expect to save around £4,000 over the duration of the agreement with fuel savings on top. Even if your staff don’t opt for a pure electric vehicle, hybrid cars offer some of the lowest emissions on the market all of which will be carbon offset through the CPC Drive framework.