DF Capital launches electric vehicle salary sacrifice scheme

DF Capital today announced that it has launched an innovative electric vehicle salary sacrifice scheme. Similar to the Cycle to Work scheme but with electric cars, the programme is run in partnership with Octopus Electric Vehicles. Owning a new electric car becomes more affordable for employees as payments are made using part of their gross salary, making savings on income tax and national insurance.

There are over 30 cars available to DF Capital employees – including vehicles such as the Tesla Model 3, Nissan Leaf, BMW i3 and the Hyundai KONA – ensuring the switch to electric is more accessible to a wider audience and very cost effective.

The process is very simple. Employees have to select their choice of car, the length of term and mileage and the vehicle is then ordered for eligible participants. There is no initial payment to be made, no complicated individual credit checks to go through and maintenance, servicing, insurance or breakdown cover are covered by the payments to the scheme.

Charlie Michael, chief sustainability and people officer, DF Capital, (above) commented: “We are very excited about being able to help make electric dreams come true for our colleagues at DF Capital. We already offer great rewards to everyone who works here, but this new perk is something special as it allows us to unlock affordable, clean, green driving for all our employees. It was a natural extension to our benefits package as it aligns to our social conscience and sustainability ethos. We look forward to contributing towards a more climate friendly environment as a business moving forward.”

Natalia Peralta Silverstone, Head of Propositions at Octopus Electric Vehicles said: “Our electric vehicle salary sacrifice scheme is a win, win. DF Capital gets to supercharge its employee benefits package and everyone within the business is happy saving money, while doing their bit for the planet. The latest stats show that EVs aren’t a thing of the future, but what customers want now. We will see hundreds of thousands more UK drivers sitting behind the wheel of an electric-powered car in 2022 and beyond. We look forward to working with DF Capital to help contribute to that number and speed up the transition to zero emission cars.”

This latest scheme joins an impressive list of employee benefits on offer at DF Capital, which includes access to a group pension plan – providing a full 10% employer contribution with no mandatory employee contribution – private medical care for everyone, gym membership and 30 days annual leave as standard.