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Two thirds of SMEs consider offering EV sal sac scheme

Research from Direct Line Group’s specialist flexible fleet insurer Churchill Expert reveals that as the 2030 deadline for stopping the sale of petrol or diesel cars approaches, business decision makers appear to back the scheme. Half of SMEs (49%) believe that all companies should offer the ECSSS to employees, stating that doing so is part of their company’s responsibility to reduce its carbon footprint while 37 % believe it would be irresponsible not to offer it.
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24 June 2022

MORE  than two thirds (68%) of SMEs are considering offering employees the Electric Car Salary Sacrifice Scheme (ECSSS), with more than half (56 %) planning to implement it in the next 12 months.

Research from Direct Line Group’s specialist flexible fleet insurer Churchill Expert reveals that as the 2030 deadline for stopping the sale of petrol or diesel cars approaches, business decision makers appear to back the scheme. Half of SMEs (49%) believe that all companies should offer the ECSSS to employees, stating that doing so is part of their company’s responsibility to reduce its carbon footprint while 37 % believe it would be irresponsible not to offer it.

While just 13% of SMEs currently offer the scheme, uptake is good as almost half (49%) of employees who drive have signed up to the initiative if available to them.

Looking to the future, 45% of companies believe that offering the ECSSS will have a positive effect on retaining and recruiting talent. This is backed by additional research which found 7.4m (33%) driving workers would view their employer more positively if they offered the scheme, and 3.8 million (17%) would consider switching jobs if a similar company offered it.

Nicola Richmond, Head of Churchill Expert Flexible Fleet Partnerships, said: “Our research shows there is tremendous appetite for this scheme. As everyone looks to do their bit for the planet and reduce their own carbon footprint, it’s great to see companies also taking their contribution seriously.

“While availability for the scheme at the moment is low, it’s encouraging to see that companies believe it is part of their responsibility to implement it in the next year. Recently company benefit packages have been forefront of mind, so the introduction of such initiatives can only have a positive effect on how current and potential employees view an organisation.”

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Chris Wright

Chris Wright

Chris Wright has been covering the automotive industry nationally and internationally for 30 years. Following spells with consumer titles he became News Editor of Automotive Management (AM), Editor of Automotive International, International Editor for Detroit-based Automotive News, and Editor of Dealer Update. He has also co-authored several FT Management Reports and contributes regularly to Justauto.com

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