When it comes to Salary Sacrifice Car Schemes, the majority of customers naturally gravitate towards fully electric vehicles. The additional savings, coupled with attractive Benefit-in-Kind (BiK) rates, make EVs a compelling choice. However, there are circumstances where a Plug-in Hybrid (PHEV) may be the more practical option.
Range concerns for high-mileage drivers
For employees that cover a high annual mileage, an electric car does not always provide the desired range. While the EV market continues to grow, some employers restrict the choice of crs available on a Salary Sacrifice Scheme, often based on price bands, groups or vehicle value.
This can leave drivers with lower-cost Electric Cars that may have limited range and/or restricted charging capabilities, making longer journeys inconvenient or even impractical.
In such cases, a Plug-in Hybrid Electric Vehicles (PHEV) offers the reassurance of a traditional engine alongside the benefits of electric driving for shorter trips.
Flexibility with Cocoon Vehicles
Another clear advantage of choosing Cocoon Vehicles for Salary Sacrifice is the flexibility on offer. Unlike many providers that lock employees into three- or four-year commitments, Cocoon allows both employers and employees to access flexible car subscriptions and short-term car leases through Salary Sacrifice.
This flexibility is ideal in a number of scenarios:
For those who want to try a particular vehicle before making a long-term commitment.
For employees still within a probation period.
For businesses that want to remain agile and avoid long contractual tie-ins.
A balanced approach
While EVs are the first choice for many, opting for a Plug-in Hybrid on a Salary Sacrifice Scheme can deliver the best of both worlds. Drivers gain the ability to complete everyday commutes on electric power, while also having the reassurance of petrol or diesel for longer journeys. Combined with Cocoon’s unique short-term and subscription options, it’s a solution that offers both financial and practical advantages.
