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Tennant Group adopts whole life cost model to support EV switch

Tennant Group adopts whole life cost model to support EV switch
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Dorset fire crews urge kids to wise up about road safety

Electric Vehicles now account for nine out of 10 salary sacrifice cars, says Arval

Click the thumbs up >Almost nine out of 10 (89%) of cars leased via Arval UK on salary sacrifice are now an electric vehicle (EV), an increase from just four out of 10 (39%) two years ago. Over the same time period, the total number of cars provided via its Arval Ignition salary sacrifice scheme has risen by 252%, thanks to growth from existing clients and the creation of new schemes. Richard Cox, consultant at Arval UK, said these rapid changes were being powered by a combination of factors, but the most important driver was taxation. “The single biggest reason behind the rise of the EV-centred salary sacrifice scheme in the last couple of years has been the introduction of zero and very low rate benefit-in-kind taxation rates, meaning that the latest, most advanced and environmentally-friendly cars can be offered to employees at extremely attractive monthly rates,” he said.

Arval UK names Lakshmi Moorthy as new managing director

1 person found this useful Arval UK has appointed Lakshmi Moorthy as its new managing director, replacing Miguel Cabaca who is moving to role in Spain. Moorthy joins from her current role as global retail director within Arval’s Corporate Head Office, in Paris. She is expected to take up her new position in March, subject to regulatory approval. With more than 20 years of experience in consumer and commercial finance roles, Moorthy has worked in the UK, India and France. From 2002, she held various positions at GE Capital before joining Arval in 2015. Cabaca has headed-up Arval’s UK business since December 2017 and will take up a new position within the group in Spain, as its managing director.

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