West Yorkshire-based building contractor Triton Construction has implemented an electric vehicle (EV) salary sacrifice scheme for its 70 employees.
Through a partnership with Carmyke Leasing, an appointed representative of Fleet Alliance, Triton employees will be able to choose a brand new EV with low benefit-in-kind rates, zero emissions, all service, maintenance and breakdown costs included, and early termination insurance (ETI) built into the monthly lease rates. These are enhanced by an employer contribution based on savings made from a reduction in employer’s national insurance contributions via the salary sacrifice scheme.
To further encourage participation, Triton has also installed six EV chargers in the car park at its Liversedge head office so that employees can charge their vehicles while at work.
The employer decided to explore a different company car route through its 10-year partnership with Carmyke Leasing due to rising prices for vehicles, and offer a car at no extra cost to the business. It wanted to encourage staff to transition to EVs, helping to reduce the corporate carbon footprint while also enabling it to meet its environmental, social, and corporate governance agenda.
Paul Clarkson, manging director of Triton Construction said: “Because of the transitory nature of the construction industry, we traditionally have a slightly higher rate of staff turnover than other industries. By building ETI into the monthly rates, we’ve been able to offer employees peace of mind that, if they leave the business, they will not be left with a hefty bill for the remainder of the lease.
“This should encourage uptake as it was originally a stumbling block in our initial discussions with employees. We are also carrying the cost of vehicle insurance on our company fleet policy. So far, we have had one order for a new EV but confidently expect that to rise dramatically with the new measures we’ve put in place.”