Norton Motorcycles has been in business for over 125 years but the company is still moving with the times by offering its employees the chance to switch to electric cars and benefit from cost savings of up to 40%.

Thanks to adopting a salary sacrifice scheme in partnership with DriveElectric, Norton employees can reduce the cost of driving a new EV by hundreds of pounds per month.

Founded in 1898, Norton has won eight World Championships and 94 TTs, and the company is currently developing an electric motorbike as part of an expansion programme which includes the appointment of Richard Arnold, former CEO of Manchester United. But what do a motorbike manufacturer’s employees (known as the ‘Nortoneers’) think about electric cars?

“As a member of the leadership team at Norton, I feel that I’m playing my part in developing our people and this iconic brand. Motorcycles already represent a sustainable way of getting around but giving our ‘Nortoneers’ the option to take an electric car via salary sacrifice amplifies our collective contribution to a decreased carbon footprint and is a lovely additional perk we’re offering to our enthusiastic team”,

says Rob Ridgway, Head of Human Resources, Norton Motorcycles.

DriveElectric offers one of the widest selections of EV salary sacrifice deals, with something for everyone, from compact city cars to large SUVs, and used EVs can now be included.

Salary sacrifice enables employees to save up to 40% on an electric vehicle by exchanging part of their salary; the gross amount sacrificed reduces the employee’s income tax and national insurance (NIC) liability, as well as the employer’s NIC liability.

Examples of cost reductions offered by salary sacrifice compared to a personal lease for an employee include a £2,358 annual saving on a new MG4 SE, or a £3,317 annual saving on a new Tesla Model Y Long Range, for a 40% taxpayer.

Norton Motorcycles is offering DriveElectric’s ‘Complete’ salary sacrifice solution to its employees, which includes insurance and early termination protection. A Pod Point 7kW Solo 3 home charger with an exclusive EV tariff can also be included in the package if required, allowing drivers to make significant savings on home charging.

Salary sacrifice is a cost-effective way for an employee to switch to a new EV, with zero upfront outlay, in addition to enjoying lower vehicle running costs. The scheme also helps employers to attract, reward and retain the best employees, and accelerate an organisation’s progress towards its net zero goals.

Customers can search, select and order an EV entirely online – 24 hours a day, 365 days a year – and businesses can control and oversee salary sacrifice electric vehicle leases using DriveElectric’s EV Hub.

www.drive-electric.co.uk