The Electric Car Scheme speeds up EV adoption with rapid growth and £2.5m in funding


This post is by Anamaria Iuga from Seedcamp


Electric Vehicle adoption plays a pivotal role in the transition to carbon-free transportation and urban sustainability. However, the process of purchasing low-carbon assets is expensive and complex for consumers. 

We are excited to see the Electric Car Scheme, a UK-based salary sacrifice employee benefit startup, accelerate the future of sustainable urban mobility while enabling employees to make more environmentally-conscious decisions when purchasing new cars. 

Set up in June 2020 by Thom Groot and Tom Eilon, who found the government’s tax incentive to help employees switch to driving electric cars and go green impossible to access, ECS allows employees to lease electric vehicles at a 30-60% lower price – all at no cost to the employer. 

Since the start of the year, the salary sacrifice scheme has grown its customer base five-fold, making electric cars available across hundreds of companies. Many employees who have benefited from the scheme say that the opportunity made the difference between buying a polluting petrol or diesel car and going electric. The company estimates it has reduced as many harmful emissions as one would planting more than 100,000 trees.  And it’s just getting started!

Co-founder and CEO of The Electric Car Scheme, Thom Groot says: 

“We are ecstatic that so many companies are recognising how easy it can be to offer their employees a great perk and bring down emissions – all at no cost. It’s a real no-brainer.

The consistent feedback we get is that our scheme is the difference between going electric (Read more...)