Published on: Friday, April 21, 2023
King's has announced its latest employee benefit in partnership with loveelectric.cars, aimed at helping staff reduce the cost of purchasing a new electric car. With this new perk, employees at both the senior and prep school can potentially save up to 60% on the net cost of a new electric car, without the need for a deposit.
The King’s Sustainability Strategy includes a further move to electric vehicles for both King’s own fleet and for staff who use cars to commute to work. This green employee scheme aims to encourage the uptake of electric cars as a more environmentally friendly mode of transport. With loveelectric.cars help, the school hopes to make it easier for staff to switch to electric cars by reducing the financial barriers.
Speaking about the new scheme, the Director of Finance & Operations, Simon Worthy said: "We are delighted to be partnering with loveelectric.cars to offer this new benefit. We have also installed electric charging stations at the senior school which will soon be available and enable staff to make the switch more easily, and contribute to a cleaner, greener future."
Steve Tigar, CEO and co-founder of loveelectric.cars, added: “We’re on a mission to make electric cars affordable and accessible to people across the UK, and we’re delighted that King’s College has joined us on this journey. The savings their staff can unlock through salary sacrifice are huge: because the monthly payments come from their salary before tax, their National Insurance contributions and Income Tax are reduced – maximising their take-home pay and putting them behind the wheel of a brand-new EV.”
King’s College is committed to reducing its carbon footprint and is actively working towards becoming more sustainable. This new employee benefit is just one of the many initiatives the school has introduced to help achieve its goals, including the recent opening of a better than Net Zero Sixth Form Centre.
With this latest staff package, King's College is demonstrating its commitment to promoting environmentally friendly practices and supporting their community in making sustainable choices.