The amount of tax you save by participating in the scheme is entirely dependent on your individual circumstances, and the make and model of the car you choose. We are not accountants or tax advisors, and we advise you to receive independent advice on these matters before proceeding.
As is currently the case under legislation in the UK, provided you receive an ultra low emissions car, you will not pay income tax or NIC on the amount you sacrifice, as the sacrifice amount is deducted from your gross salary. This only applies if you enter into a contract of employment amendment before that salary would otherwise have been due to you.
Whilst you will be required to pay Benefit in Kind (BiK) tax, the rates are very low for electric vehicles. The UK government has set BiK rates at 2% between 2022/2023 to 2024/2025) for zero emission vehicles, to encourage greater EV adoption.