Electric cars
For Companies
How it Works

The UK’s most popular employee benefit.

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Contains everything you need to know.

Day 1 Protection

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Choosing the Right Scheme

Ensures companies are never out of pocket.

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Day 1 Protection, Guaranteed.

 Our industry-leading Zero Risk Guarantee ensures businesses  receive immediate coverage.

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For Employees
How it Works

Learn how to save 30-60% on an electric car.

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Optional Deposits

Pay nothing upfront or maximise your discount.

Explore Used EVs

The most affordable electric car options.

EV Charging Hub

Free miles and affordable home installations.

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Get your company signed up and start saving.

Access Now: Onboard Company

Want 60% off an electric car? You’ll need to convince your company to sign-up.

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A leading EV salary sacrifice provider.

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People and planet are at the forefront of loveelectric’s mission.

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Give your team the ultimate employee benefit

Employees save an average of £290 per month on any EV.
You spend just 30 minutes setting it up. Zero cost to your business.

Find out moreBook a demo

Trusted by 1K+ Companies

Facing business challenges?

Our EV salary sacrifice directly addresses key company challenges

Staff attrition & recruitment

With so many job opportunities available, talented employees can be picky about employers who offer great benefits beyond just pay.

Environmental Commitments

Many businesses find it difficult to balance growth ambitions with environmental commitments. Especially when navigating tight budgets.

FInding cost-effective benefits

Implementing valuable employee benefits often come with high costs and extra administrative complexity that strains resources.

We can help.

We offer businesses a simple, low admin, cost-neutral solution.

Attract talent, reduce attrition.

EV salary sacrifice is your secret weapon for building a winning team. With 75% of employees choosing to stay because of great benefits and 55% motivated by non-financial perks, you're covering all the bases that matter most.

Skip the expensive recruitment fees and invest in what works. Sign up for salary sacrifice today and watch your retention rates soar.

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Improve environmental credentials

EV salary sacrifice makes it easy for your team to switch from petrol and diesel cars to clean electric vehicles, helping your business significantly reduce its carbon footprint while supporting employees in making environmentally-friendly choices that benefit everyone.

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Cost-neutral and backed by a Zero Risk Guarantee

EV salary sacrifice is a win-win for your business. You'll save money through reduced National Insurance contributions without any upfront setup costs, making this an entirly cost-neutral benefit. Plus, with our Zero Risk Guarantee, you're completely protected from any unexpected expenses right from day one, giving you total peace of mind.

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How your employees benefit

It's not just great for your business. Here's why loveelectric's EV salary sacrifice scheme is the ultimate employee benefit.

Up to 60% of the price of an EV

Your employees can lease a brand new or used EV directly from their salary and save up to 60% compared to regular leasing, thanks to  pre-tax deductions that lower both their income tax and National Insurance payments.

All inclusive package

With loveelectric you get more than just an EV. We offer fully comprehensive insurance, an all-inclusive maintenance package and we’ll also throw in 5,000 free miles, in one simple monthly payment.

The lowest price new and used EVs

Through exclusive offers and partnerships with major leasing companies, we get your employees the best pricing on a wide range ofEVs, maximising affordability and uptake.

Search carsFind out more

See how much they can save

Take a look at a typical pricing example below and see how much your employee can save off the cost of an EV.

Tesla
Model Y Long Range RWD
Monthly gross cost
£793
Income tax saving
£298
Average Benefit in Kind
£52
Net Cost / They Pay
£496
Figures based on a £75k annual salary, AB10 Postcode, 1980 Date of Birth and incl. insurance. Correct as of 22nd January 2025. *Your deduction amount may fluctuate in line with Benefit in Kind (BiK) rate changes and/or your employer's National Insurance Contribution (NIC) rates.
Check all savings

How easy is it to run EV Salary sacrifice?

We know employee benefit schemes can create admin headaches when you're already juggling priorities. That's why loveelectric's EV salary sacrifice scheme puts everything in one simple dashboard, enabling you to:

  • Download payroll reports
  • Review vehicle leases
  • Approve vehicle orders

Plus, we are always on hand to help you every step of the way. It couldn't be easier to manage, taking just 15 minutes per month from your busy schedule.

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Here’s what our
clients have to say

I had always wanted to own a Tesla as my first electric vehicle, but the price to buy outright was really high and normal leasing involves putting down a large deposit.
Farooq
Tesla Model Y
I would totally recommend the scheme to anyone interested in driving electric, and I always mention it when I am out visiting clients. Thank you, loveelectric!
Ricci Gretton
Ford Mustang Mach-e
"An EV salary sacrifice scheme enables our employees to enjoy a benefit while making tax and National Insurance savings."
Headshot of Adam Dicker, Employee benefits Manager, Flight Centre
Adam Dicker
Employee Benefits Manager, Flight Center
case study
"I have already told fellow employees how good and easy to do it is and how loveelectric does all the hard work! All I had to do was choose the car. It was so easy and fuss free, and my car was available so quickly, too."
Allan Laud
Hyundai IONIQ 5
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Frequently asked questions

Will this become an admin headache?

No. Most employers spend 15-30 minutes a month on scheme admin. Simply approve orders and make a single adjustment to payroll - we provide concise templates and an easy-to-follow guide for the payroll adjustments.

If it's cost-neutral, how do you make your money?

Our service fee is the equivalent of the Employer's NIC Savings - ensuring it remains cost-neutral for your business. As a B Corp certified business, our pricing is transparent in order to prioritise employee savings and employer trust over short-term profits.

I'm concerned I don't have the expertise to evaluate if this is right for my business.

You don't need any prior experience to get started. If you haven't already, use our eligibility checker to see if your business qualifies. That's usually a strong indication as to whether the scheme is right for your business. If you're still unsure - then get in touch.

Is it going to mess up our payroll systems?

No. We provide a simple monthly payroll report, which has been designed to integrate smoothly with most payroll systems.

How liable are we for unexpected costs?

Our early termination protection (ETP) and optional Zero Risk Guarantee (ZRG) ensure your company are not left covering early termination fees if an employee leaves or something goes wrong unexpectedly.

Wouldn't employees prefer a payrise instead?

Thanks to our used vehicles, our scheme is financially accessible to all employees. However, non-financial renumeration is becoming increasingly important for more experienced talent - especially those who earn over £100,000 and enter the 60% 'tax trap'. Our scheme helps senior talent be more tax efficient whilst remaining completely cost-neutral to the business.

Love Electric Financial Services Limited is a credit broker and not a lender.
For Companies
How it worksSearch carsView brochureDay one protectionChoosing the right schemeBook a demoCheck eligibilityCharge cardProcurement guide
For Employees
How it worksGet a quoteOptional depositsUsed EVsEV ChargingCharging at homeCharging at workGet Started
Company
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loveelectric is a trading name of Love Electric Financial Services Limited, a company registered in Scotland, Company Number SC374952. VAT registration number 386404284. Love Electric Financial Services Limited is authorised and regulated by the Financial Conduct Authority, firm reference number 743264, and is a credit broker and not a lender or insurance provider. The salary sacrifice scheme offered by Love Electric Financial Services Limited is a business to business contract hire agreement, however we may make recommendations for consumer credit products offered by our partners. British Vehicle Rental & Leasing Association (BVRLA) member number: 10549. Registered office and trading address: 5 South Charlotte Street, Edinburgh, EH2 4AN. ICO reference number: ZB075747. Any prices quoted are subject to changes in law, regulation, tax or duty beyond our reasonable control.

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