Norton Motorcycles offers staff a way to buy EVs via 'salary sacrifice scheme'

LONDON: Norton Motorcycles in UK is adopting a "a salary sacrifice scheme" for its employees who want to buy an electric car.

The scheme, formed in partnership with electric vehicle (EV) leasing company DriveElectric, allows Norton employees to reduce the cost of driving a new EV by hundreds of pounds per month.

DriveElectric offers a comprehensive range of EV salary sacrifice deals, covering compact city cars, large SUVs, and now used EVs. This scheme allows employees to save up to 40% on an electric vehicle by sacrificing part of their salary, reducing income tax and national insurance contributions for both employees and employers.

Notably, employees can save £2,358 (RM14,000) annually on a new MG4 SE or £3,317 (around RM20,000) on a new Tesla Model Y Long Range. Norton Motorcycles has adopted DriveElectric's "Complete" salary sacrifice solution, which includes insurance and early termination protection.

Additionally, a Pod Point 7kW Solo 3 home charger with an exclusive EV tariff can be part of the package, offering further savings on home charging.

The salary sacrifice scheme provides employees with a cost-effective way to switch to new EVs without any upfront costs, benefiting from lower running costs and helping employers attract and retain top talent while advancing their net zero goals.

DriveElectric, set up in 2008, specialises in EV leasing and has partnered with Sumitomo Corporation since 2021 to expand its services.

Norton Motorcycles, a historic company founded in 1898, is currently developing an electric motorbike as part of an expansion programme.