The Charge Scheme: A charge card service by Electric Car Scheme
Last updated: Dec 13th 2024
Our EV salary sacrifice partner, The Electric Car Scheme, recently launched its latest initiative: The Charge Scheme.
The first-to-market offering enables employees participating in any salary sacrifice scheme (including any other salary sacrifice providers) to save 20-50% on the cost of charging their electric car.
This applies to both home charging and more costly public rapid and ultra-rapid charging.
As the demand for electric cars continues to surge, one of the key challenges for drivers - both current and future - is the high cost of public charging. Recognising this, The Electric Car Scheme, is dedicated to making electric driving more affordable by enabling savings on charging costs through salary sacrifice.
Want to know more about Salary Sacrifice?
Whether you're an employee or employer, our comprehensive salary sacrifice guide covers all you need about how you can save money on a new (or used) EV.
How does The Charge Scheme work?
The Charge Scheme is simple to use and set up for your employees. Upon ordering their electric car, they opt into salary sacrificing their charging, which The Electric Car Scheme records via a provided app and public charging card.
As this is a salary sacrifice, employee benefit.
They then supply employers with the relevant payroll instructions so you can set up the gross salary deduction, enabling your employees to save 20 - 50% on all their electric car charging costs.
Save hundreds on all types of electric car charging
Whether you have a private driveway, live in a flat, or rely solely on public charging for your electric car, The Charge Scheme is designed to accommodate all types of living situations.
No matter your charging needs, this scheme ensures you can save money on your electric vehicle's charging costs.
According to the RAC's Fuel Watch, the average cost of charging at a rapid or ultra-rapid charger is 24p per mile.
This is approximately 40% higher than the cost of petrol or diesel, and three times more expensive than charging at home using a standard tariff.
The Charge Scheme aims to bring down the cost of public charging to be in line with, or cheaper than, the cost of driving an ICE car.
Find the cheapest charging networks
Our free to use cost-to-charge tool can help you find the cheapest charging network by comparing them side-by-side.
Pam Pinder got her car through The Electric Car Scheme.
Her employer has offered The Electric Car Scheme as a benefit to staff for the last 2 years. She is expected to save around £300 in the first year of using The Charge Scheme.
"The Charge Scheme was an amazing surprise when The Electric Car Scheme shared it with me. I was sent a bright green charge card, and easily downloaded the Charge Scheme app. I like the app functionality and that it shows me which charge points are available which has made charging simpler.
I was spending a ton on these charge points which made me quite uncomfortable using my car and having to use public charging points. The money saved is very welcome to me at the moment with all increased costs."
John Godfrey got an MG4 through salary sacrifice earlier this year when his company launched the scheme for employees.
He's expected to save around £600 in the first year of using The Charge Scheme.
"Since I don't have a home charger I have been spending a lot on electricity from public charge points, I was pretty relieved to find out that there's a way to get some savings back through salary sacrifice. It'll likely save me more than £50 per month"
The Electric Car Scheme CEO and Co-Founder Thom Groot commented:
"Despite the significant demand for EVs and sustainable transport options, EV uptake remains behind where it should be for us to meet Net Zero and ZEV targets in 2030. Cost remains the primary barrier for over two-thirds of potential adopters, according to our research, and this cost is increased significantly if you don't have access to home charging and off-peak tariffs.
The Charge Scheme addresses this challenge by lowering the overall cost of running an electric car and offers a practical and affordable solution to those without access to home charging. Incentives like this are crucial in making the transition to net-zero more accessible, helping us towards our sustainability goals."
With this new benefit, The Electric Car Scheme continues to lead the way in providing innovative, cost-effective net zero benefits that break down barriers for employees wishing to make environmentally responsible choices. If you would like to learn more about setting this up for your business, visit our Employers page.
Last updated: Dec 13, 2024
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