Triton Construction deploys electric vehicle salary sacrifice scheme

Triton Construction has implemented an electric vehicle (EV) salary sacrifice scheme from Carmyke Leasing, to help reduce its carbon footprint.

Carmyke Leasing has been providing Triton with company vehicles for its fleet of around 25 cars and three vans for the past 10 years.

However, with rising prices for vehicles reducing the standard and level that employees could choose, the company decided to explore a different route.

Discussions regarding salary sacrifice scheme for all staff began a number of months ago, but it was only developments around early termination insurance (ETI) that persuaded manging director, Paul Clarkson, to look at implementing the Fleet Alliance scheme from Carmyke Leasing.  

“Because of the transitory nature of the construction industry, we traditionally have a slightly higher rate of staff turnover than other industries, he said.

“By building ETI into the monthly rates, we’ve been able to offer employees peace of mind that, if they leave the business, they will not be left with a hefty bill for the remainder of the lease.

“This should encourage uptake as it was originally a stumbling block in our initial discussions with employees. 

“We are also carrying the cost of vehicle insurance on our company fleet policy. So far, we have had one order for a new EV but confidently expect that to rise dramatically with the new measures we’ve put in place.”

To further encourage participation in the scheme, Triton has also installed six EV chargers in the car park at its Liversedge head office so that employees can charge their vehicles while at work.

Michael Hooper from Carmyke Leasing, a Fleet Alliance appointed representative, said that Triton employees would be able to enjoy the benefits of the Fleet Alliance salary sacrifice scheme in full.

“The order process is simplified via Fleet Alliance’s e-Fleet software, which provides drivers with an overview of EVs in the marketplace, in addition to indicative costings,” he added.

“The provision of ETI provides complete peace of mind that employees will not be left with a large bill for unpaid rentals should they leave for any reason within the three-year rental period.

“And to keep lease rentals costs as low as possible, we competitively tender each new vehicle via a panel of up to 11 funders. This ensures employees benefit from the lowest rental rate available in the market.”