Norton Motorcycles Embraces Modernity with Electric Car Initiative, Promises Employees Up to 40% Savings

25.06.2024
  • Historic British Motorcycle Brand Embraces EV Salary Sacrifice Scheme
  • Employees Can Save Up to 40% on New Electric Vehicles

Norton Motorcycles, a company with over 125 years of history, is modernizing by offering its employees the opportunity to switch to electric cars and save up to 40% in costs.

By partnering with DriveElectric for a salary sacrifice scheme, Norton employees can significantly reduce their monthly expenses on new EVs.

Founded in 1898, Norton has achieved eight World Championships and 94 TTs. The company is now developing an electric motorbike as part of its expansion plan under the leadership of Richard Arnold, former CEO of Manchester United. But how do Norton’s employees feel about this shift towards electric cars?

“As part of Norton’s leadership team, I’m proud to contribute to our brand’s development. While motorcycles are already sustainable transport options, offering our ‘Nortoneers’ the chance to drive electric cars through salary sacrifice enhances our collective effort toward reducing carbon footprints,” says Rob Ridgway, Head of Human Resources at Norton Motorcycles.

DriveElectric provides one of the most extensive ranges of EV salary sacrifice deals—from compact city cars to large SUVs—and even includes used EVs.

Through salary sacrifice schemes, employees can save up to 40% on an electric vehicle by sacrificing a portion of their gross income. This reduces both their income tax and national insurance contributions (NIC), along with lowering employer NIC liabilities.

For instance, compared to personal leases, an employee could save £2,358 annually on a new MG4 SE or £3,317 annually on a Tesla Model Y Long Range if they fall into the 40% taxpayer bracket.

Norton’s Comprehensive Package

Norton offers DriveElectric’s ‘Complete’ solution which includes insurance and early termination protection. Employees can also opt for a Pod Point home charger with an exclusive tariff for additional savings on home charging costs.
Salary sacrifice not only allows zero upfront payments but also lowers running costs while helping employers attract top talent and move closer towards net-zero goals.

The entire process—searching for vehicles online—is available round-the-clock via DriveElectric’s platform where businesses manage these leases efficiently using their dedicated hub.

Expert Support from DriveElectric

With years-long expertise in EVs backed by specialized consultants who provide advice supported by tax compliance experts; organizations receive full support including promotional activities like test drives events organized specifically around such initiatives ensuring seamless transitions into greener alternatives without hassle!

[1]: Smart Charging Solution offered under “Drive Electric Plus” helps cut down emissions during charging sessions making it possible achieve reductions upto eighty-nine percent! Combining fifteen-plus-years experience within industry alongside innovative solutions ensures unparalleled assistance throughout Environmental Social Governance journeys undertaken companies today aiming sustainability targets future generations benefit alike!

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