BEST octopus ALTERNATIVE
Compare loveelectric to Octopus EV. See why employers choose our Day 1 termination support, market-leading savings and the widest range of EVs — with no energy tie-in.
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Why do teams choose loveelectric over octopus
Peace of mind from day 1
Unlike Octopus EV, loveelectric's Zero Risk Guarantee includes resignation, redundancy and dismissal from Day 1 — with no qualifying periods, no unexpected costs, and no cap on the number of terminations covered.
Digital charge card: save anywhere
loveelectric's virtual Visa Charge Card works with any public charger or at home, integrating with your virtual wallet — with no energy supplier tie-in. Unlike Octopus EV's charging perks, which are locked to their own ecosystem.
Better pricing, more choice
As a broker, loveelectric sources cars from 300+ dealers and multiple funders, keeping prices competitive. Octopus EV owns and funds its vehicles directly, which can limit stock and flexibility. Plus, Reloved® used EVs give more employees access to electric driving for even less.
Side-by-side
A clear rundown of how loveelectric compares: employer protection, savings, charging, vehicle range and service, so you can choose the right scheme for you.
Here’s what our clients have to say
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Frequently asked questions
Yes — loveelectric is a strong Octopus EV alternative if you're looking for Day 1 termination support, more competitive pricing and charging savings without an energy tie-in. As a broker working with multiple funders, loveelectric offers a wider range of EVs at better rates, and our Zero Risk Guarantee assures employers from the moment each lease begins — with no qualifying period to worry about.
Both are salary sacrifice providers, but there are some key differences. Octopus EV owns and funds its own vehicles, which can limit vehicle choice and pricing flexibility. loveelectric is a broker, sourcing cars from multiple funders to get employees the most competitive rates. loveelectric also provides termination support for employers from Day 1, while Octopus EV's cover for resignation, dismissal and redundancy only begins after 3 months. And unlike Octopus EV's charging perks — which are tied to the Octopus Energy ecosystem — loveelectric's Charge Card works with 100% of UK charging networks, with no need to switch energy supplier.
No. loveelectric's Zero Risk Guarantee is unlimited — there's no cap on the number of terminations covered in any given year. Octopus EV's equivalent protection is capped at 10 vehicles or 10% of your fleet annually, whichever is greater. For smaller businesses this may rarely be an issue, but for larger employers running schemes with 50 or more drivers, a cap could leave the business exposed if multiple employees terminate their salary sacrifice agreement within the same year. With loveelectric, every termination is covered regardless of how many there are.
Yes — loveelectric includes our market-leading Zero Risk Guarantee (ZRG), designed to support employers if an employee leaves during their lease.
We know that long-term contracts can feel uncertain for businesses. That’s why our Zero Risk Guarantee is built to reduce financial risk and give employers greater peace of mind from Day 1 when offering EV salary sacrifice.
Learn more about our Zero Risk Guarantee.
How much you save depends on your salary, tax band and the EV you choose. With EV salary sacrifice, employees can typically save 30–60% compared to personal leasing, because payments are taken from pre-tax salary and Benefit-in-Kind rates for electric cars are low.
The best way to see what you could save is to explore your options. Search our available electric cars to view live pricing and estimate your potential monthly cost.