Alejandro Gonzalez
1 min read
CBVC Vehicle Management has partnered with business consultancy Champions (UK) plc to implement a new electric vehicle (EV) salary sacrifice scheme for the company’s employees, strengthening its position in the corporate EV benefits market.
Launched in late February, the scheme is now open to eligible staff across Champions’ 100-strong workforce, according to a press release. CBVC is managing all aspects of the programme, from vehicle procurement to employee onboarding. Four battery electric vehicles (BEVs) have been delivered so far.
The scheme offers only full BEVs, enabling employees to access lower Benefit in Kind (BiK) tax rates while supporting Champions' carbon reduction strategy.
Mike Manners, Managing Director at CBVC Vehicle Management, said: “We’re delighted to support Champions UK in delivering this new employee benefit. EV salary sacrifice is increasingly relevant for employers looking to reduce national insurance contributions and enhance their attraction and retention offering. The timing is ideal as businesses face rising employment-related costs.”
Champions, which operates across events, entertainment, influencer marketing and speaker management, selected CBVC for its consultative and responsive approach.
John Hayes, CEO of Champions, said: “We chose CBVC over other providers due to their personalised service and professionalism. The team has been quick to answer questions and make the rollout smooth and transparent.”
Salary sacrifice schemes allow employees to lease an EV using a portion of their gross salary, reducing income tax and NIC liabilities. Employers also benefit from NIC savings while offering a sustainable, high-value perk.
"CBVC supports Champions UK with rollout of EV salary sacrifice scheme" was originally created and published by Motor Finance Online, a GlobalData owned brand.
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