Loveelectric Alternatives for EV Salary Sacrifice in the UK (2026 Guide)
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Loveelectric is a UK electric car salary sacrifice broker. Founded in Edinburgh in September 2021 by CEO Steve Tigar, it has grown to support over 1,500 employers and 125,000 employees, and was acquired by employee benefits platform Perkbox in 2025. For employers looking to offer an EV salary sacrifice scheme, it is an established option in the market.
There are structural differences between Loveelectric and other providers that are worth understanding before committing. The scope of employer protection, the conditions under which it applies, the availability of salary sacrifice for charging costs, and independent provider recognition all vary meaningfully across the market.
This guide covers what Loveelectric offers, how it compares to The Electric Car Scheme, and where the two differ structurally.
What Does Loveelectric Offer?
Loveelectric operates as a broker rather than a leasing company. It sources electric cars from a network of leasing partners, offering an all-inclusive monthly salary sacrifice payment that covers the car, insurance, servicing, maintenance, tyres and breakdown cover.
It offers both new EVs and used electric cars through its reloved marketplace. Employees need a minimum salary of £27,000 to be eligible.
Zero Risk Guarantee
Loveelectric's Zero Risk Guarantee covers employers from day one for redundancy, dismissal, long-term sickness, parental leave, loss of licence and death. Two conditions are worth reviewing before committing. Employees may be charged a Commitment Fee, typically equivalent to one month's lease cost, if they exit early. The guarantee also excludes new vehicles if company attrition exceeds 15% at point of delivery.
Loveelectric Charge Card
Loveelectric offers the Charge Card, a virtual Visa card that lets employees salary sacrifice EV charging costs at home and on public networks. The arrangement is based on a pre-agreed monthly allowance calculated from estimated mileage, with the employer paying upfront and recovering the cost through payroll.
The Charge Scheme from The Electric Car Scheme operates on actual monthly usage rather than a pre-agreed estimate, and extends coverage to workplace charging as well as home and public networks.
Key Takeaways
Loveelectric sources EVs via leasing partners as a broker
The Zero Risk Guarantee carries a Commitment Fee on early exit and excludes new vehicles if company attrition exceeds 15%
The Charge Card covers home and public charging through salary sacrifice based on a pre-agreed monthly allowance, rather than actual usage
How EV Salary Sacrifice Providers Differ: What to Evaluate
Not all EV salary sacrifice schemes are the same. When evaluating providers (whether Loveelectric, The Electric Car Scheme, or others), it’s worth considering the following:
Employer Protection: Scope and Standard
One of the main financial considerations for employers when exploring Loveelectric alternatives for EV salary sacrifice is the risk of early termination. Should an employee leave before the contract ends, the employer could be liable for residual lease costs.
A key factor to consider when comparing providers is the level of protection offered. The best providers offer comprehensive protection from Day 1 as standard, with no excess charges, no exclusion periods, and no need to upgrade to a premium tier. This ensures peace of mind when considering salary sacrifice schemes.
How Employer Protection Is Funded
Loveelectric's Zero Risk Guarantee covers employers from day one. Two conditions are worth reviewing before committing. Employees may be charged a Commitment Fee, typically one month's lease cost, if they exit early. The guarantee also excludes new vehicles if company attrition exceeds 15% at point of delivery.
Complete Employer Protection from The Electric Car Scheme carries no employee-side exit fee and no attrition threshold. It applies as standard for all employers with no excess and no exclusion periods.
Salary Sacrifice for Charging Costs
Loveelectric offers the Charge Card, a virtual Visa card that lets employees salary sacrifice EV charging costs at home and on public networks. The arrangement is based on a pre-agreed monthly allowance calculated from estimated mileage.
The Charge Scheme from The Electric Car Scheme operates on actual monthly usage and extends coverage to workplace charging as well as home and public networks.
Vehicle Range: New and Used
Both Loveelectric (via reloved®) and The Electric Car Scheme offer new and used electric cars through salary sacrifice. Used EVs extend the tax advantages of salary sacrifice to employees at lower salary levels or those who want a lower monthly outgoings.
The choice of available stock, delivery speeds, and quality assurance processes across both platforms is worth comparing when specific models or budget levels are a priority.
Independent Recognition and Track Record
Third-party awards and independent assessments provide a useful signal when comparing providers in a relatively young market.
The Electric Car Scheme has been named Best Salary Sacrifice Provider by Car Sloth for two consecutive years (2024 and 2025), and EV Salary Sacrifice Provider of the Year 2026 by SME News.
Loveelectric has received recognition in the Scottish fintech and salary sacrifice broker categories.
Employers should weigh these accolades in context, noting the criteria each award body applies.
Key Takeaways
Employer protection scope and funding model vary by provider
The Electric Car Scheme and Loveelectric both offer salary sacrifice for charging costs. The scope, coverage and calculation method differ between providers
Independent awards provide a useful signal in a young market
How protection is funded affects the true cost to employees
Loveelectric vs The Electric Car Scheme: A Direct Comparison
| Founded | September 2021 | 2020 |
|---|---|---|
| B Corp certified | Yes | Yes |
| New EVs | Yes | Yes |
| Used EVs | Yes — reloved® marketplace | Yes — rapid delivery within 14 days |
| Hybrid cars | No | Yes (selected models, up to 30% savings) |
| All-inclusive package | Yes (car, insurance, servicing, tyres, breakdown) | Yes (car, insurance, servicing, tyres, breakdown) |
| Employer protection | Zero Risk Guarantee from Day 1 | Complete Employer Protection from Day 1 — standard, no excess, no exclusions |
| Savings vs personal lease | Up to 60% (note: TECS analysis suggests this does not fully account for rising BiK) | 20–50% — net figure inclusive of BiK tax |
| Ownership structure | Being acquired by Perkbox (Dec 2025) | Independent specialist |
| Recognition | Best Salary Sacrifice Broker, Broker News Awards 2025 | Best Salary Sacrifice Provider, Car Sloth 2024 & 2025; EV Salary Sacrifice Provider of the Year, SME News 2026 |
| Setup cost for employer | Free | Free |
| Employee minimum salary | £27,000 | Not publicly stated as a blanket threshold |
Key Takeaways
Complete Employer Protection carries no excess, exclusions, or employee fee
The Electric Car Scheme and Loveelectric both offer salary sacrifice for charging costs. The scope, coverage and calculation method differ between providers
The Electric Car Scheme holds leading independent provider recognition
Why The Electric Car Scheme Is the Leading Alternative
The Electric Car Scheme operates as an independent specialist focused solely on salary sacrifice. The loveelectric vs The Electric Car Scheme full comparison sets out how the two differ across protection, pricing and charging in detail.
The features that most clearly differentiate The Electric Car Scheme from loveelectric:
Complete Employer Protection from Day 1
Complete Employer Protection from The Electric Car Scheme covers employers against redundancy, dismissal, long-term sickness, parental leave, loss of licence and death from day one of every lease, with no excess and no caps. The scheme protects employers if an employee fails to pay early termination fees or damage costs.
The Charge Scheme: Salary Sacrifice For EV Charging
With The Charge Scheme, employees can save 20–50% on all charging - whether at home, at work, or on public networks. This is achieved via a single app and card, with the cost deducted from gross salary before Income Tax and National Insurance are applied.
For employees who charge regularly, The Charge Scheme can save £500–£1,000 per year on top of the vehicle saving.
New and Used EVs
Both new electric cars and used EVs through salary sacrifice are available, with used vehicles deliverable within 14 days.
Employees at lower salary levels or those wanting to reduce their monthly outgoings can access the full tax advantages of salary sacrifice without requiring a new vehicle.
Independent Specialist
The Electric Car Scheme operates as an independent specialist, with no pending acquisition or platform integration. For employers setting up a multi-year salary sacrifice scheme - with lease agreements typically running three to four years - provider continuity is a material consideration.
Key Takeaways
Complete Employer Protection applies from Day 1 as standard
The Charge Scheme saves employees 20–50% on all charging costs
Used EVs are available with delivery within 14 days
Independent specialist status ensures continuity on multi-year leases
Why Loveelectric May Be The Right Choice
Employers with a minimum salary threshold concern
Loveelectric publicly states a £27,000 minimum salary threshold. If an employer's workforce sits comfortably above that and they want a clearly stated eligibility floor, this is a defined parameter.
Employers who prefer a pre-agreed charging allowance
The Charge Card's fixed monthly allowance model may suit employers who want predictable, capped payroll deductions for charging rather than a variable actual-usage model.
Scottish or fintech-sector employers
Loveelectric has specific recognition in the Scottish business community and fintech sector. For employers in those communities where provider reputation carries weight, this may be relevant.
Other Loveelectric Alternatives Worth Considering
Octopus Electric Vehicles
Octopus EV is the salary sacrifice arm of Octopus Energy Group, and a well-known name in the market. Its integration with the Octopus energy ecosystem is a genuine differentiator for employers already using Octopus Energy, and it offers home charger installation as part of the scheme.
The integration with a single energy supplier may suit some businesses, but it creates dependency for those who prefer supplier flexibility. Octopus EV does not offer The Charge Scheme's salary sacrifice for broader public and workplace charging costs.
Tusker
Tusker is one of the longer-established players in the UK salary sacrifice market and offers both electric and hybrid vehicles. It is a fleet leasing company as well as a salary sacrifice provider, which gives it direct funder relationships.
For employers with existing fleet requirements alongside salary sacrifice, it may offer an integrated solution. For EV-only salary sacrifice, the best salary sacrifice providers comparison provides a full breakdown across the leading options.
Key Takeaways
Octopus EV suits employers already within the Octopus Energy ecosystem
Tusker combines salary sacrifice with broader fleet leasing capability
Neither alternative offers salary sacrifice for EV charging costs
A full provider comparison is available via The Electric Car Scheme's guide
Frequently Asked Questions
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Loveelectric provides employer protection through its Zero Risk Guarantee, which covers early lease termination from day one. The scheme is included as standard, though two conditions are worth reviewing. Employees may be charged a Commitment Fee, typically one month's lease cost, if they exit early. The guarantee also excludes new vehicles if company attrition exceeds 15% at point of delivery.
Employers evaluating salary sacrifice providers should review exactly what protection covers, under what conditions it applies, and whether any costs fall to employees before committing.
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Both are dedicated EV salary sacrifice providers, but there are structural differences worth understanding. Loveelectric's Zero Risk Guarantee places a Commitment Fee on employees who exit early and excludes new vehicles if company attrition exceeds 15%. Complete Employer Protection from The Electric Car Scheme carries no employee-side fee and no attrition threshold.
Both providers offer charging salary sacrifice, but the scope and value of The Charge Scheme from The Electric Car Scheme is significantly greater. For employers, the key differentiators are the terms of employer protection, the depth of charging support, and independent accreditation.
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The Benefit-in-Kind (BiK) rate for fully electric vehicles is 3% for 2025/26, rising to 4% in 2026/27 - still far below the 25–37% rates for equivalent petrol and diesel vehicles.
This sustained advantage makes EV salary sacrifice highly cost-effective regardless of which provider you choose.
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Yes, both Loveelectric (via reloved®) and The Electric Car Scheme offer used electric cars through salary sacrifice.
The Electric Car Scheme's used EV range is available for delivery within 14 days, extending the full tax advantages of salary sacrifice to employees who want a lower monthly payment or who prefer not to wait for a new car delivery slot.
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Complete Employer Protection from The Electric Car Scheme covers employers against early lease termination resulting from resignation, redundancy, dismissal, long-term sickness, parental leave, loss of licence and death from day one of every lease.
Employers are also protected if an employee fails to pay early termination fees or damage costs.There is no excess, no exclusion period, and no requirement to opt into a premium tier. This applies to all employers on the scheme as a standard feature.
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Independent assessments point to The Electric Car Scheme as the market leader. It has been named Best Salary Sacrifice Provider by Car Sloth for two consecutive years, and EV Salary Sacrifice Provider of the Year 2026 by SME News - with evaluation criteria spanning pricing, employer protection, EV range, charging solutions, inclusivity, and customer experience.
Which Provider Is Right for You?
Loveelectric is an established EV salary sacrifice provider. Its B Corp certification, reloved used EV range and market presence are factors worth considering.
The Electric Car Scheme is also B Corp certified. It suits employers who want Complete Employer Protection with no employee-side exit fees and no attrition thresholds, and employees who want salary sacrifice extended to home, workplace and public charging costs through The Charge Scheme.
To find out how The Electric Car Scheme works for your organisation, book a call with our team today.
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Last updated: 08/06/2026
Our lease pricing is based on data collected from The Electric Car Scheme quote tool. All final pricing is inclusive of VAT. All prices above are based on the following lease terms; 10,000 miles pa, 36 months, and are inclusive of Maintenance and Breakdown Cover. The Electric Car Scheme’s terms and conditions apply. All deals are subject to credit approval and availability. All deals are subject to excess mileage and damage charges. Prices are calculated based on the following tax saving assumptions; England & Wales, 40% tax rate. The above prices were calculated using a flat payment profile. The Electric Car Scheme Limited provides services for the administration of your salary sacrifice employee benefits. The Electric Car Scheme Holdings Limited is a member of the BVRLA (10608), is authorised and regulated by the FCA under FRN 968270, is an Appointed Representative of Marshall Management Services Ltd under FRN 667174, and is a credit broker and not a lender or insurance provider.
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