Steve Tigar: Why electric cars make employee benefit sense

Leading the charge

clock • 4 min read

Driving a new electric car is now within easy reach for many employees of financial services firms and is an ideal way for employers within the sector to forge greater staff loyalty. So, how is this possible? Steve Tigar explains...

Sales of new petrol and diesel cars will be banned from 2030, but the demand for electric cars is already happening now. This is the fastest growing sector of the market, and many want to be part of this revolutionary change. Financial services firms can meet the need by offering their employees access to a highly desirable, environmentally friendly, and brand-new leased vehicle. This is made possible through salary sacrifice, which, because of tax breaks, means the price of the car is around half of that for a vehicle leased outside of the workplace. Why lease? A 50% saving may so...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your Business

Advising corporate clients: An ageing workforce comes with different challenges

Advising corporate clients: An ageing workforce comes with different challenges

Focus on employees who are unpaid carers

Tony Miles
clock 11 November 2025 • 4 min read
News editor's view: A week of warnings

News editor's view: A week of warnings

The news editor's Friday Night Takeaway from 7 November

Sahar Nazir
clock 10 November 2025 • 3 min read
Locking in business opportunities as wealth management evolves

Locking in business opportunities as wealth management evolves

Exploring wealth management business evolution

Jenna Brown
clock 07 November 2025 • 4 min read