King's College scheme to reduce cost of new electric cars

The perk allows employees at the senior and prep schools to potentially save up to 60 per cent 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.

The 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 scheme, the director of finance and 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, chief executive and co-founder of loveelectric.cars, said: “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.