Formula E adds EV salary sacrifice to further electrify operations

The company behind the Formula E electric racing series is offering a new electric vehicle salary sacrifice scheme to over 200 of its eligible employees.

The motorsport business is working with Tusker to supply the salary sacrifice scheme and follows on from Liberty Global’s increased investment in Formula E with a 65% stake in the company.

The telecoms company also offers an EV salary sacrifice scheme to its employees and Formula E was keen to follow suit, “not only to provide a valuable benefit for staff but also to reinforce its commitment to sustainability”.

Tusker’s scheme includes insurance, maintenance, breakdown assistance and road tax, as well as a new or used EV for a fixed monthly amount.

Kat L’Oste-Tomkins, people director at Formula E, explained that introducing an EV scheme is essential to show the organisation is “walking the walk”.

L’Oste-Tomkins said: “Our salary sacrifice car scheme reinforces our leadership, brand reputation and credibility particularly when it comes to sustainability and EV adoption.

“While we work tirelessly with some of the most innovative automakers and race teams in the world to progress the development of EVs, we also wanted our workforce to benefit from that work too by being able to drive their cars as part of our company car provision.”

Alastair Crawford, account development manager at Tusker, worked closely with Formula

E’s management to provide guidance on the scheme’s benefits and implementation.

Crawford added: “There is a growing trend for organisations to adopt this type of scheme to not only support their net-zero goals, but to support employees with their vehicle expenses. 

“Given Formula E’s sustainability goals and focus on electric innovation, our collaboration was a perfect fit."