Evaluate, compare and choose the best EV salary sacrifice scheme for your business

Unlock the secrets to a successful EV salary sacrifice scheme with our buyer’s guide, designed to light your way to your new favourite green employee benefit and provider.
Your EV salary sacrifice procurement guide
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What is EV salary sacrifice?

An electric car salary sacrifice scheme allows your employees to trade a small portion of their pre-tax salary for an EV – saving 30 - 60% on their lease.
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With an ultra-low Benefit in Kind rate for EVs of just 2%, lower Income Tax and reduced National Insurance contributions, your employees can cut costs - not corners. All at zero cost to your company.

Unlock affordable electric cars with salary sacrifice
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The perks

Discover the impact EV salary sacrifice will have on your workplace. It’s the pathway to boosting team happiness, showcasing your sustainability and enhancing career opportunities – all in sync with your company’s vision.

Unlock EV Savings

Your employees benefit from the ultra-low 2% Benefit-in-Kind rate on EVs and reduced taxes – leading to healthier wallets all around.

Reach your sustainability goals

Step up your environmental commitment by switching to electric vehicles. Eliminate your team’s tailpipe emissions, one car at a time, and say hello to enviously-low Scope 3 carbon emissions.

Boost employee happiness

Show your team you care with an EV scheme that cuts their costs and supports their eco-friendly choices, enhancing their satisfaction and strengthening your company culture.

Employee benefits, simplified

Make managing perks easy, leaving more time for you to nurture your team and business.

Be recognised for what you do

Stand out as a leader with EV salary sacrifice, showcasing your commitment to innovation and sustainability.

Finding the best provider
for your business

Your ideal EV salary sacrifice provider should be more than just a business contract; they should be a partner in your company’s journey towards sustainability and employee happiness.

Here’s what to keep in mind:

Low risk to your business
Choose a provider with transparent ETP, and be wary of those inflating early lease rates to cover ETP overheads, as this can drastically deter employee participation.
Value vs. cost
Go for cost-effective EV schemes enriched with superior customer care and effective risk management.
Access to all EVs on the market
Select a provider that ensures access to a wide variety of EVs for your whole team, including access to new and used EVs and frequent special offers.
Dedicated EV expertise
Salary sacrifice is a complex product. Make sure you choose a provider with a team of experts who live and breathe salary sacrifice every day.
Industry experience
Select a provider with proven industry experience, ideally serving a large and diverse corporate customer base.
Scalable solutions
Your business isn’t static, so your employee benefits shouldn’t be, either. Opt for a provider offering an adaptable, cost-effective scheme that grows with your business.

Ready to compare providers?

We’ve developed a comprehensive procurement guide to help you compare offerings, prices and services.
Request our procurement guide

Managing your risk

At the heart of introducing an EV salary sacrifice scheme is balancing financial risk with employee rewards.

All reputable providers will offer Early Termination Protection (ETP) to support you and your employees in managing any potential risk – empowering you to prioritise your team's happiness and success.

ETP: Protection against the unexpected

ETP shields against unforeseen lease terminations, providing peace of mind amidst unexpected circumstances and ensuring your business remains agile and resilient.

Navigating your choices
Prioritise providers offering a clear, transparent ETP plan that suits your company's requirements.
Ensure you scrutinise promises of ‘zero risk’ or ‘complete risk protection’, as all protection services entail terms, conditions and exclusions.

Unsure where to start when discussing ETP with potential electric car salary sacrifice providers? Use our handy checklist to kick off your conversations and compare providers.

Does your ETP cover:

Provider
1
Provider
2
Dismissal
After 3 months
Parental leave
After 6 months the employee can take up to 12 months completely rent-free
Redundancy
After 6 months
Long term sick leave
From day 1
Enhanced GAP protection
From day 1 with loveelectric's 'Plus' package
Limits on terminations
Unlimited each year
Check out the full ETP checklist in our procurement guide.
Download procurement guide

Your ultimate early returns process

We know firsthand how a robust early returns process can make all the difference.

That’s why we developed a two-step early returns process to provide maximum protection from day 1.

01
Leverage reloved®: Our used EV marketplace empowers your employees to:
  • Transfer the lease to their new company if they change jobs
  • Switch to a Personal Contract Hire
  • Purchase the EV outright
  • Reassign the lease to a colleague within their current company
  • Transfer the lease to an employee of any other company within the loveelectric community
Discover reloved, the first used EV salary sacrifice marketplace
Discover
02
Trust our comprehensive ETP: Your safety net, providing complete peace of mind for your organisation.
Learn more about our early returns process
Learn more

loveelectric x [your business]

At the heart of loveelectric is flexibility, a commitment to innovation and a determination to make electric vehicles accessible to every employee nationwide.

Unrivalled early returns process
Safeguarding your company against unexpected charges with uncapped returns.
No nasty surprises
With us, you're assured of price transparency, no hidden costs and genuine savings on electric vehicles.
A team you'll love working with
Our team always goes the extra mile. From sourcing available stock to continuously innovating our offering, we're here for you every step of the way.
Why work with us

loveelectric reviews

“Was a total no-brainer”
Geoff Bryan, Tesla Model Y
Director of IT, The Park Academies Trust
Check out our 317 reviews
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Partnering with loveelectric has been a game-changer.
From day one, their team has been consistently reliable, responsive and eager to help - a unique experience in the employee benefits space. This support, alongside their dedication to minimising the risk to our business, is why we're looking forward to expanding our relationship with them.
Angela Larkin,
Head of HR, Evolution Funding
Choosing loveelectric was a unanimous decision for us.
Their values align perfectly with ours, their responsive team made the process effortless, and, in the current cost of living crisis, offering a cost-effective car option for our employees - without burdening the organisation - was just a no-brainer.
Geoff Bryan
The Park Academies Trust
The best element [has been] the friendliness and help of the staff involved.
Mani Dhesi
Transformation Director,
South Doc Services
I would absolutely recommend loveelectric’s salary sacrifice scheme - it’s amazing.
Flavian Alexandru
CEO, Hypervolt

Next steps

Ready to take the next step in your EV salary sacrifice journey?

This practical resource will help you:

To support you in finding the best provider for your company, we’ve developed a short procurement guide.

01
Evaluate providers:
Not all providers are equal. Our carefully curated list of essential criteria will ensure you can quickly separate market leaders from draggers.
02
Ask the right questions:
Unsure what to ask during your due diligence? We’ve developed a list of questions to ensure you uncover all the crucial details about each provider.
03
Compare and contrast:
EV salary sacrifice can offer your employees huge savings on electric cars - but there are variations in savings between providers. We’ve developed a dedicated space for side-by-side lease price comparisons.
Download procurement guide
Join the EV revolution with loveelectric

Want to get started with loveelectric today?

Apply now to get your EV salary sacrifice scheme up and running in 7 days.
Apply now