Direct Line Group’s fleet insurance firm Churchill Expert has partnered with DriveElectric on insurance for electric vehicle (EV) salary sacrifice schemes.
DriveElectric, which specialises in leasing pure EVs, works with businesses and individuals to make the switch to zero emission motoring. Through its salary sacrifice scheme, companies can offer EV packages that include vehicle lease, maintenance, tax, insurance, and breakdown cover within a monthly payment.
The partnership now offers companies setting up a scheme the option to add Churchill Expert’s fully comprehensive insurance, which covers vehicle theft, accidental damage, theft or accidental battery damage, theft of charge cables and EV charger wall boxes.
Nicola Richmond, Head of Churchill Expert Flexible Fleet Partnerships, said: “With benefit in kind tax rates for battery electric vehicles confirmed until 2028, salary sacrifice will play a major role in supporting the switch to electric in the run up to 2030 ban on the sale of petrol and diesel cars. BVRLA data shows that salary sacrifice has now become the fastest growing car finance method.
“As well as offering employees a flexible and affordable way to switch to electric, salary sacrifice helps employers attract and retain talent. Our research shows that a third of drivers say access to an Electric Car Salary Sacrifice Scheme (ECSSS) would have a positive effect on how they view their employer, while 17 per cent would even consider switching jobs if a similar company were offering an ECSSS.”
Adam Kemp, Director of Partnerships at DriveElectric, said: “Together we have developed a unique and compelling EV salary sacrifice scheme for both existing and new DriveElectric business customers.
“Salary sacrifice schemes for electric vehicles are an essential part of the EV ecosystem. By offering an affordable way to drive a new car we’re also creating a used car market for everyone as we push to achieve a net zero future.
“With Churchill Expert as a key partner we can help accelerate this transition to electric by helping businesses (both small and large) provide their employees with significant financial savings.”