How does EV salary sacrifice work?
Save your employees up to 50% off the price of an EV and hit sustanability goals.
Trusted by 1.5K+ Companies
Learn more about EV salary sacrifice
Find out how EV salary sacrifice can benefit your company and employees.
EV salary sacrifice scheme explained
How does it work?
Our salary sacrifice scheme was built from the ground up, putting businesses and their employees first.
Your company joins the scheme
It doesn’t cost a penny for a business to join, run, or manage the loveelectric EV salary sacrifice scheme.
We handle set up and onboarding
Once a company joins, we take care of setting everything up, including an onboarding session and ongoing support.
Employee picks a car and we deliver to their door
Once a vehicle is ordered, we’ll deliver it for free anywhere in the UK.
Benefits of electric car salary sacrifice for everyone
Our EV salary sacrifice directly addresses key company challenges
Employer benefits
- Attract and retain the best employees
- Free to join, manage and run the scheme
- All admin is taken care of by loveelectric, easing the pressure on your team
- Reduced National Insurance contributions, saving your business money
- Become more sustainable by lowering carbon emissions
Employee Benefits
- Save up to 60% vs other finance methods
- Get a brand new or reloved electric car for less
- No deposit required and no hidden fees
- Insurance, maintenance, tyres and breakdown cover all in one package
- Save £100s each month on Income Tax and National Insurance
Why choose loveelectric?
Our salary sacrifice scheme was built from the ground up, putting businesses and their employees first.
Browse 1000s of New and Used EVS
From cutting-edge models to budget-friendly options, we have electric cars to suit every taste and requirement. Plus, through exclusive deals and partnerships with major leasing companies, we guarantee you'll get the best prices available.
Frequently asked questions
To sign up for EV salary sacrifice with loveelectric, employers and employees can both speak to our advisers.
There's no minimum number of employees for EV salary sacrifice with loveelectric. Your business needs to have been trading for at least two years, and to be profitable and/or have a net worth of £500,000 or more. A one-person limited company can qualify too, as long as the director is paid through PAYE. Checking eligibility doesn't affect your company's credit rating.
A company can launch an EV salary sacrifice scheme with loveelectric in as little as 7 days. The timing depends mostly on how quickly our funders approve your application, which takes about 5 minutes to fill in. If you already know you want the scheme, you can skip the demo and apply straight away.
The monthly salary sacrifice price covers your car (new, or reloved® used), servicing and maintenance, MOT, breakdown cover and recovery, replacement tyres and glass, accident management and customer support. You can add fully comprehensive insurance to the same monthly payment, and get a fully installed home charger at a discount. There's no deposit unless you choose one: an optional Dynamic Deposit lowers your monthly payments from month 4.
A loveelectric salary sacrifice deal doesn't include a test drive of the car, and we don't have our own charging network.