Xtrac opts for EV salary sacrifice scheme from Fleet Alliance

Xtrac has extended its range of employee benefits with an electric vehicle (EV) salary sacrifice scheme from Fleet Alliance.

The Thatcham head-quartered business provides specialised motorsport and high-performance automotive transmission systems for internal combustion engine, hybrid, and electric vehicles, with in-house, high value manufacturing as well as extensive design, testing and engineering capability.

It is the sole transmission supplier to NASCAR and IndyCar in the US, British and Australian Touring Cars as well as supplying transmissions for sportscar racing globally, including over 80% of the competitors at the famous Le Mans 24-hour race held in France each year, many Formula One and Formula E teams, world rallying and off-road racing from around the globe.

In addition to its facilities at Thatcham, it also has sites in Indianapolis, Indiana, USA and Mooresville, North Carolina, USA through which it provides technical and after-sales support to key customers in North and South America.

The company has introduced the Fleet Alliance EV salary sacrifice scheme for all permanent part- and full-time staff which make up the large proportion of the 440-plus staff based in the UK.

HR director Kirsty Knight said: “The straightforwardness and total package on offer was attractive and workable for our business.

“Our employees have reacted very positively and welcome the opportunity to purchase a new electric vehicle at a reasonable cost along with the simplicity of the process to access one.”

In terms of communicating the benefits of the scheme to its employees, Xtrac uses various channels including a monthly newsletter, business communications screens, quarterly face-to-face business updates and business news articles.

“We see it as an excellent addition to our already extremely competitive and industry leading employee value proposition and it also supports our ESG credentials which are at the core of our business,” continued Knight.

“We have been very pleased with the progress and uptake so far and, to accommodate more employees onto the scheme, have installed an additional 20 electric car charging points for staff to be able to charge their cars at work.”

Fleet Alliance CEO Andy Bruce said: “Our scheme is a great way to offer a company car at no extra cost to the business, as well as encouraging staff to make the timely transition to electric cars and helping reduce the carbon footprint, while rewarding and retaining staff through more attractive benefits.”