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Fleet Evolution agrees salary sacrifice partnership with ICR Leasing

Date: 12 December 2022   |   Author: Sean Keywood

Fleet Evolution has entered a strategic partnership to provide salary sacrifice EVs to customers of ICR Leasing.

ICR, which has a risk fleet of around 600 vehicles, is said to see salary sacrifice as a new growth opportunity, supported by the recent UK Government announcement of continuing low tax rates for electric company cars.

ICR senior business manager Thomas Ryan said: "It is this low tax regime which has made electric cars so attractive to employees, especially if provided through a salary sacrifice car scheme.

"However, we currently had nothing in our product portfolio to offer to our customers to allow them and their employees to take advantage of this advantageous tax regime. We have known of the effectiveness of Fleet Evolution's sal-sac car schemes for some time as they are clearly designed to offer a very attractive proposition for both employers and employees alike.

"This is our first foray into the salary sacrifice market and Fleet Evolution is the perfect partner for us as they have a very similar ethos to ourselves, are very flexible in their approach and very customer focused - all attributes we fully identify with."

Fleet Evolution's salary sacrifice scheme includes all servicing and repair costs, road fund licence, fully comprehensive insurance, corporate discounts, and no deposit.

Fleet Evolution founder and managing director Andrew Leech (pictured) said: "We are delighted to be working with ICR Leasing to make salary sacrifice more widely available to its customer base.

"Electric cars provided through a salary sacrifice scheme are a very attractive proposition - and not just for tax reasons. For businesses and staff that want to keep mobility costs under control at a time of rapidly spiralling costs, EVs can deliver financial cost savings in the region of 35-40% over conventional ICE models.

"And, from a well-being point of view, such an electric car sal-sac scheme can also help tackle the anxiety and emotional stress caused by the prospect of living costs spiralling out of control during the current turbulent economic conditions." 



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