The Best EV Salary Sacrifice Schemes for 2025
Salary sacrifice has been a popular employee benefit scheme since the 1970s, allowing workers to maximise their gross salary by paying for benefits before tax. Instead of using their take-home pay, employees agree to reduce their pre-tax salary in exchange for benefits like pensions, childcare vouchers, or gym memberships. This leads to lower Income Tax and National Insurance contributions, resulting in significant savings compared to paying for these benefits from net salary. With The Electric Car Scheme, employees can save substantially on the monthly lease cost of electric cars.
Company electric vehicle (EV) schemes through salary sacrifice have seen rapid growth as more employees seek affordable ways to switch to an electric car. In early 2025, our study found that 83% of respondents were interested in implementing an electric car scheme within the year. This surge in interest comes as the government's 2030 ban on new petrol and diesel vehicles approaches, making these schemes an attractive option for both employers and employees.
For those considering an EV salary sacrifice scheme, it's important to note that eligibility and offerings vary across providers. To help you make an informed decision, we've compiled essential information from the UK's top EV salary sacrifice providers.
What Are EV Salary Sacrifice Schemes?
EV salary sacrifice schemes refer to an agreement between an employer and an employee, where the employee agrees to give a portion of their pre-tax salary towards a specific benefit. In the case of EV salary sacrifice, the benefit is an electric car. These car schemes help employees make the switch to driving an electric car, whilst helping businesses achieve their sustainability goals through reduced carbon dioxide emissions - overall, it's a great employee benefit to offer. This tax-efficient agreement reduces income tax and national insurance contributions, whilst paying a small Benefit-in-Kind tax (set very low for electric cars currently at 3%), saving the employee £5,000 - £15,000 throughout the lease.
Average Savings When Getting An EV Via Salary Sacrifice
A common concern about going electric is their high upfront cost. Company salary sacrifice schemes are an excellent way to help employees save on their car expenses through reduced income tax and national insurance contributions, making them feel valued as part of the team. The flexible contract and lease terms make it an affordable and cost-effective option.
Below is an example of a salary sacrifice breakdown for the MG4, one of the most popular EVs in 2025.
Source: The Electric Car Scheme
Paycheck | Cost |
---|---|
Gross Salary Per Annum | £70,000 |
Average Monthly Salary Sacrifice (inc VAT) | £390 |
Employee Tax Savings | -£156 |
Employee National Insurance Savings | -£8 |
Average Benefit-in-Kind Tax Over Term | +£40 |
Final Monthly Payment (Net Cost) | £266 |
As shown above, an employee leasing an MG4 for 10,000 miles per year over a three-year term can save £124 monthly, or £4,464 over three years, by opting for salary sacrifice instead of leasing the car themselves. This includes £156 in monthly tax savings and £8 in National Insurance savings, offset by an average monthly benefit-in-kind tax of £40. Employees can use our handy salary sacrifice calculator, which shows all of our new and used cars available to lease. All you have to do is input your salary and your details, and a tailored quote will be generated based on that and the lease terms you have inputted.
The Best Salary Sacrifice Electric Car Schemes Currently Available
There are many EV salary sacrifice providers to choose from in the UK, so we have compiled a list of the key industry players.
Key Differences Compared
There are many EV salary sacrifice providers in the UK, with an increasing number of companies offering this benefit. Each has its own level of service and approach.
Below is a comparison table to help you see how The Electric Car Scheme stacks up against other well-known salary sacrifice providers. If you don’t see the provider you're considering, feel free to reach out to our Business Development Team, who will be happy to answer any questions on how we compare. Book a call here.
Note: All information is assumed correct at the time of writing - although offerings, and ratings can change.
EV Salary Sacrifice Providers
In this blog post, we compare salary sacrifice providers based on early termination protection, used car options, pricing, service, scheme inclusions, green credentials, and any EV charging offers to enhance employee charging convenience.
The information provided was accurate as of the publication date of this blog post. If you notice any inaccuracies or have questions about the content, please email our Marketing team directly at marketing@electriccarscheme.com.
The Electric Car Scheme
The Electric Car Scheme was founded in 2020 and offers a salary sacrifice solution for electric vehicles. The scheme provides access to multiple leasing funders, allowing employees to choose from a range of new and used electric vehicles. Their offering includes a dedicated charging solution called The Charge Scheme, which provides discounts on charging costs across various locations. The Electric Car Scheme has been selected by thousands of leading employers to provide EV schemes.
What's Included?
Complete Employer Protection
Access to all funders and best price
New and 600+ used cars available
The Charge Scheme
No cost to set up and run
Employer NI passback options available
Dedicated Customer Sucess Manager
Minimal HR and Payroll admin
What we love
Protection:  Complete Employer Protection from Day 1
Vehicles:  Wide range of new and used EVs with quick delivery options
Pricing:  Competitive rates through multiple funder access
Charging:   20-50% savings via The Charge Scheme
Service:   Rated 4.8/5 stars on Trustpilot
Additional:  Simple set-up and straightforward reporting
What could be better
Delivery:  Some new cars can have long lead times
Source: The Electric Car Scheme
Early Termination Protection
The Electric Car Scheme offers Complete Employer Protection which provides reassurances that the employer is protected from Day 1. If an employer has to make redundancies or dismiss an employee, they can do this at any time without facing a fee. This protection also covers any shortfalls due to employee resignation, long-term illness, or family-related leave. Additionally, if an employee fails to reimburse the company for vehicle damage, the employer remains fully protected. The table (to the left) shows what's protected and when. If you would like to see how The Electric Car Scheme’s early termination protection compares to other EV salary sacrifice providers, click here.
Pricing
Working with multiple leasing funders allows The Electric Car Scheme to offer competitive pricing options. Their multi-funder approach provides price comparisons across the market and potentially lower costs than single-funder providers. This extensive network also means customers have a wider range of electric cars to choose from and can benefit from comprehensive price comparisons across the market. If you would like to learn how The Electric Car Scheme’s EV prices compare to other salary sacrifice providers, please book a call with our Salary Sacrifice team here.
Used Car Offering
The Electric Car Scheme provides used electric cars through their network of lease providers. The Electric Car Scheme features the UK's largest selection of used electric cars, sourced from multiple trusted leasing companies, ensuring prices are more competitive than other salary sacrifice schemes.
Used cars can generally be delivered more quickly than new vehicles, with typical delivery times of approximately 14 days. Plus, all used cars come with the same comprehensive package as new ones, including maintenance (service, MOT and tyres), insurance options, electric car charging and Complete Employer Protection.
Service
With thousands of leading employers signed up to the scheme, The Electric Car Scheme is rated 4.8 out of 5 on Trustpilot. You can also read their client case studies here.
Green Credentials
The Electric Car Scheme holds B Corp certification with a score of 104.3, reflecting their commitment to environmental and social responsibility standards. As an award-winning salary sacrifice provider, the scheme has made a significant environmental impact by saving 14,000 tonnes of Carbon Dioxide Equivalent - comparable to planting 650,000 trees. If you would like to learn more about The Electric Car Scheme’s Impact click here.
Electric Car Charging
The Electric Car Scheme offers The Charge Scheme, which provides salary sacrifice charging across various locations with 20-50% savings:
The Cheapest Way to Charge: The Charge Scheme
The Charge Scheme is a market-leading proposition from The Electric Car Scheme that makes EV charging more affordable through salary sacrifice, regardless of where you charge.
Employees can save 20-50% on all their charging costs through The Charge Scheme's dedicated app and card. This industry-first salary sacrifice offering enables drivers to reduce their charging expenses, whether they:
Charge at home (with or without a driveway).
Use office/workplace charging points.
Rely on public charging networks.
How The Charge Scheme Works
The process is simple:
Employees opt to salary sacrifice their charging costs.
They receive The Charge Scheme app and public charging card.
The app tracks monthly mileage and charging usage.
Employers receive straightforward payroll instructions to set up gross salary deductions.
Employees enjoy 20-50% savings on all their EV charging expenses.
Home Charging
Employees can bundle a home charge point installation into their salary sacrifice payments through Smart Home Charge, which means they can also save 20-50% on the cost. When paired with The Electric Car Scheme’s OVO partnership, drivers can receive 6,000 free miles and can smart charge their EVs for just 7p per kWh (approximately 2p per mile).
Office Charging
Workplace charging costs can be included in salary sacrifice payments with The Charge Scheme, helping employees save on their daily commute charging expenses. If you are looking for help installing chargers at your workplace, The Electric Car Scheme partners with multiple providers to make this easy.
Octopus Electric Vehicles
Founded in 2018, Octopus EV is on a mission to put more people behind the wheel of an electric vehicle. Their company EV scheme offers comprehensive fleet solutions with several key features, including a free Ohme charger and installation with every lease. Additionally, customers receive 4,000 free miles through the Octopus Electroverse and a £50 energy credit when they switch to Octopus Energy.
What’s Included?
Octopus EV offers the following as part of its EV salary sacrifice package:
Free home charger
EV energy tariff
4,000 miles of free charging
MOT
Maintenance and repairs
Tyre replacement
Breakdown cover
Fully comprehensive insurance
What we love
Delivery: Shorter delivery (8-12 weeks) due to 70% pre-ordered fleet
Charging: Free Ohme charger and 4,000 free miles
Reputation: Established household name with 4.8/5 Trustpilot
Additional: £50 energy credit with Octopus Energy switch
What could be better
Protection: Risk protection is only effective after 3 months
Vehicles: Limited choice as Octopus owns the cars
Pricing: Less competitive due to single funder
Early Termination Protection
Octopus EV provides Day 1 protection for major life events that may impact your wages, such as sickness or loss of license for medical reasons. After the lease agreement has been active for 3 months, employees can return their vehicle without an early termination charge if they experience dismissal, resignation, or redundancy (including voluntary). However, Octopus EV caps its early termination protection to 10 vehicles or 10% of your company’s fleet annually, meaning larger companies could be affected by this limitation.
Used Car Offering
Octopus EV offers used electric cars, all of which have either been used for demos, company cars or come from former leases. Octopus EV claim their used cars have travelled less than 15,000 miles.
Pricing
Octopus EV owns the cars they offer to employees, which means their pricing may not be as competitive as salary sacrifice providers that work with multiple funders.
Service
Octopus EV is currently rated 4.8 out of 5 stars on Trustpilot.
Green Credentials
The Octopus Group is a certified B Corp and has been since 2011, but Octopus EV has not yet gained the certification.
EV Charging
As previously mentioned, if you choose to lease an electric car through Octopus EV, you can choose between getting a free Ohme charger and installation or 4,000 free miles to use on the Octopus Electroverse - both equate roughly to £600.
LoveElectric
LoveElectric is a Scottish-based EV salary sacrifice scheme, on a mission to halve the cost of motoring. Their approach is to provide the tools, information and support so decision-makers can make the best choice for their business. LoveElectric has several add-ons to make their salary sacrifice car scheme more attractive, like their early termination protection and the fact that they have partnered with OVO to offer their customers 5,000 free miles of driving.
What's Included?
LoveElectric's salary sacrifice package includes:
5,000 free miles with OVO
Breakdown cover
Motor insurance for up to three drivers
Maintenance and tyres
Optional EV home charger at 50% discount
Optional EV energy tariff
What we love
Risk: Comprehensive early termination protection
Vehicles: ReLoved used cars available through 300+ dealerships
Charging: 5,000 free miles with OVO partnership
Additional: A wide range of protection scenarios covered
What could be better
Protection: Zero Risk Guarantee costs extra (£9/month)
Coverage: Protection features are only available after the waiting period
Pricing: Only use one funder - causing less competitive pricing
Early Termination Protection
LoveElectric provides Early Termination Protection with coverage varying by circumstance. Their standard protection begins after three months for resignation and three to six months for other scenarios. They offer an optional Zero Risk Guarantee for £9 per month (per employee) that provides day one protection.
Used Car Offering
Love Electric offers used cars through their "ReLoved Cars" program. They claim to offer quick delivery times and competitive pricing. No deposit is required and they offer flexible lease terms from 12 months.
Pricing
LoveElectric partners with one leasing provider, potentially limiting competitive car pricing. The scheme is cost-neutral for employers to implement.
Service
LoveElectric is currently rated 4.8/5 stars on Trustpilot.
Green Credentials
LoveElectric holds B Corp certification and donates 10% of profits to environmental charities like Asthma UK's Clear Air Campaign.
EV Charging
LoveElectric partners with OVO to provide customers with 5,000 free miles and offers discounted home charger installation through Hypervolt.
Tusker
Tusker began offering car schemes in 2008. As one of the longest-running providers of vehicle lease solutions, Tusker still offers flexible options for petrol, diesel, hybrid, and electric car choices through their company salary sacrifice car scheme. Their comprehensive fleet solutions provide significant National Insurance savings, making them a cost-effective choice for businesses seeking various salary sacrifice options.
What’s Included?
Tusker offers car insurance (and the option to add your partner), breakdown cover, and maintenance cover all as standard in the lease cost.
What we love
Protection & Risk: Comprehensive employer protection
Experience: Over a decade of EV salary sacrifice experience
Service: Well-established with 4.6/5 Trustpilot rating
Additional Features: All-inclusive package as standard
Green Credentials: Multiple Green Apple Environmental Awards
What could be better
Charging: No EV charging support or incentives
Vehicle Selection: Limited used car availability
Coverage: Limited employee protection compared to employer
Early Termination Protection
Tusker's early termination protection covers resignation, redundancy, dismissal, parental leave, and long-term sickness (after 3 months into the lease agreement). However, if an employee leaves and fails to pay their early termination fees within the first three months, the business is not covered, leaving the company exposed during this period.
Used Car Offering
Tusker has not yet publicly launched its used electric vehicle offering, but it is expected to come soon as it has been rolled out to some Employer Portals, but not all of them just yet. It is expected that they will provide their own used cars from their managed fleet, either when vehicles reach the end of their contract or are returned due to early termination.
Pricing
With Tusker, the electric car is sourced and owned by the leasing provider (which is Tusker themselves), not the employee or the company. The employee leases the car through the scheme, while Tusker retains ownership throughout the lease term. This structure may make Tusker less price-competitive compared to other salary sacrifice providers that work with multiple funders.
Service
Tusker is currently rated 4.6 out of 5 stars on Trustpilot.
Green Credentials
Tusker is committed to improving its carbon footprint, increasing its electric car orders from 17% in 2019 to 83% in 2023. The company has also received several green awards, including the Green Apple Environmental Award for Environmental Best Practice, which they’ve won six times.
EV Charging
Tusker currently does not offer any EV charging incentives for its salary-sacrifice customers.
Fleet Alliance
Fleet Alliance is established in the business fleet leasing industry, yet it started offering an EV salary sacrifice scheme at the beginning of 2023. The key feature of their company's EV scheme is the emphasis on customisation rather than offering a one-size-fits-all solution.
What’s Included?
Access to ‘every new electric car on the market’
Servicing and maintenance costs are included in monthly payments
Option to add fully comprehensive insurance
UK breakdown cover included as standard
Early termination insurance can be added if the employee leaves the company
At-home charging package available
No upfront costs or credit checks are required
What we love
Vehicles: Access to multiple funders
Pricing: Multi-bid approach for competitive deals
Service: Customised employer/employee portals
Additional: e-Fleet management system
Charging: ScottishPower partnership for charging solutions
What could be better
Protection: Early termination fees apply
Charging: No free public charging allowances
Vehicles: Limited used car availability
Early Termination Protection
If a scheme participant needs to return the car before the lease ends, the employer will incur an early termination fee. The fee is calculated and notified to the participant's employer as soon as possible after Fleet Alliance receives notice of the early termination. The employer will deduct the early termination fee from the participant’s net pay or invoice them for it if they have left their job.
However, depending on the employer’s agreement with Fleet Alliance, various options are available to reduce this cost. This includes:
Purchasing the car, subject to the lender's discretion,
Alternative arrangements like reallocating the car to another employee
Employers may choose to waive some or all of the early termination charges.
Used Car Offering
Fleet Alliance offers second-hand cars only when vehicles are returned early by participants before the end of their salary sacrifice term. This means they don’t have a regular supply of second-hand cars available for selection.
Pricing
Fleet Alliance has access to multiple funders, which they call a ‘multi-bid approach’, ensuring that customers always get the most competitive lease deals. This means customers will have a wider range of options and also means they can compare prices across the market.
Service
Fleet Alliance has a 4.8 out of 5-star rating on Trustpilot.
Green Credentials
The most prevalent green credential Fleet Alliance holds is that it is part of the EV100, a group of companies that are committed to accelerating the transition to electric cars.
EV Charging
Fleet Alliance supports customers with EV charging through its partnership with ScottishPower, called Fleet Zero. This service offers charging solutions for businesses, including home chargers for company car drivers, workplace chargers, and access to public charging facilities. They also provide a free EV readiness tool, offering instant driver reports and a business insights dashboard.
LeasePlan/Ayvens
LeasePlan has offered company EV schemes since 2010 under the name 'SalaryPlan.' With extensive industry experience, they provide comprehensive fleet and vehicle lease services through their car schemes. Their affordable and flexible options are particularly well-suited for large companies seeking cost-effective transport solutions, though they also support SMEs with tailored policy frameworks.
What’s Included?
LeasePlan include the following in their salary sacrifice scheme:
Insurance
Servicing
Breakdown cover
Glass and tyres
Accident management
What we love
Protection: Coverage available
Vehicles: Used cars are available
Charging: Comprehensive charging options
Green: EV100 member & environmental awards
Additional: Full accident management included
What could be better
Protection: Only after 12 months or £1,500 paid
Business: Minimum 1,000 employees required
Service: Lower Trustpilot rating (2.7/5)
Pricing: Less competitive due to single funder
Early Termination Protection
Information on LeasePlan’s early termination protection can be hard to find online, but according to EV Schemes, LeasePlan will cover the car after 12 months or once £1,500 has been paid. An early termination fee and a fair wear-and-tear assessment will also apply.
Used Car Offering
LeasePlan offers used cars as part of its salary sacrifice scheme, making EV adoption more accessible and affordable.
Pricing
LeasePlan is a leasing company, and therefore, they own and manage the cars they lease.
Service
LeasePlan is currently rated 2.7 out of 5 on TrustPilot.
Green Credentials
LeasePlan is a founding partner of the B4CA Clean Air Task Force and the EV100 electric vehicle campaign, showing they are committed to driving the transition to electric vehicles. They have won the Green Fleet Awards’ Leasing Company of the Year twice previously.
EV Charging
As a LeasePlan customer, you can choose to add a home charger, the Home Plus option (which supports shared parking), or Business Plus, designed to meet comprehensive business needs.
LeasePlan also offers a charging card that provides access to a public charging network, with energy and consumption tracking available through the My Fleet Portal.
Novuna
Novuna operates similarly to LeasePlan in that eligible businesses must have 1,500 or more employees to offer their company a salary sacrifice car scheme. With a long-standing presence in the fleet industry, Novuna has moved away from personal leasing to focus on providing sustainable vehicle solutions through its car schemes.
What’s Included?
Novuna’s salary sacrifice scheme includes:
Home charge point
Maintenance and road tax
Car insurance for up to three drivers
What we love
Tools: Comprehensive driver portal
Charging: Office and home charging support
Service: Strong Trustpilot rating (4.8/5)
Insurance: Covers up to three drivers
Additional: Specialised charging solutions
What could be better
Business: Minimum 1,500 employees required
Protection: Early termination fee with no backup protection
Pricing: Less competitive as a single funder
Vehicles: Limited used car availability
Early Termination Protection
At Novuna, if an employee leaves the company or faces financial challenges, they can return the vehicle early for a fee or they can arrange a payment plan with their employer.
Used Car Offering
Novuna does offer used electric car salary sacrifice in partnership with certain businesses, their partnership with Royal Mail being a good example of this.
Pricing
Novuna is a leasing provider and therefore all cars are owned by them, which means pricing is less competitive than other salary sacrifice providers who reach out to several different funders.
Service
Novuna is currently rated 4.8 out of 5 on Trustpilot.
Green Credentials
Novuna focuses on sustainability through four pillars: environmental, social, human sustainability, and governance. They collaborate with several charities and run various initiatives.
EV Charging
Novuna does help customers with both office and home charging. They offer installation and management of office charging points, including specialised solutions for HGVs, vans and forklifts.
They also offer home charging solutions, and the costs can be included in the lease agreement. This includes site and installation planning.
Select Car Leasing
Select Car Leasing now includes company EV schemes under the SelectElectric brand. With an increasing focus on EV adoption, their affordable personal contract hire lease options have helped thousands of customers nationwide make the switch to electric cars. Recently they expanded their services to include EV salary sacrifice, which aligns with current government tax incentives.
What’s Included?
Employees can receive a new or used car that is fully maintained and insured for a 3 or 4-year period, based on their choice, and simply return the vehicle at the end of the contract.
Employers can also add insurance and risk coverage for added security and peace of mind.
What we love
Vehicles: Both new and used cars are available
Pricing: Competitive rates through multiple funders
Service: Strong Trustpilot rating (4.9/5)
Charging: 6,000 free miles with OVO
Business: No minimum employee requirement
What could be better
Protection: Protection cover comes at an additional cost
Coverage: Limited protection without extra cover
Early Termination Protection
If an employee leaves the company, they will be required to return their car to the employer, and then the employer is free to either re-allocate it to another employee under a new salary sacrifice arrangement or return the car to the funder. As a company, to mitigate any potential risk from early termination costs, the scheme can include protection cover at an additional cost.
Used Car Offering
Select does offer used cars in their salary sacrifice offering.
Pricing
Select is one of the UK’s largest leasing brokers, and this means they have access to multiple funders to get the best prices on electric cars for your employees.
Service
Select is currently rated 4.9 out of 5 on Trustpilot.
Green Credentials
Select is trying to get more people driving electric through their SelectElectric offering. They also have several internal initiatives to improve their sustainability efforts.
EV Charging
Select has partnered with OVO to give their customers 6,000 free miles of charging if they use an OVO energy tariff, and they can arrange a home charge point installation.
Zenith
Zenith is an independent vehicle lease provider in the UK, offering fleet solutions without ties to any bank or manufacturer. Their salary sacrifice scheme, launched in 2012, provides affordable funding and consultancy to support EV adoption. Zenith offers a range of services, including policy frameworks, maintenance, accident management, and flexible contract options.
What’s Included?
With Zenith, the following is included in the lease cost:
Fully comprehensive insurance
Road tax
Scheduled servicing and maintenance
Replacement tyres
Breakdown cover
Windscreen and glass cover
Accident management
What we love
Experience: Long-standing industry presence
Service: Established reputation (4.2/5 Trustpilot)
Additional: Comprehensive insurance package
Green: Carbon-neutral certified
Coverage: Full accident management included
What could be better
Protection: High early termination fees (40% or 4 months)
Vehicles: No used cars available
Charging: No EV charging support mentioned
Pricing: Less competitive as the single funder
Early Termination Protection
If a customer needs to return the vehicle, they will have to pay an early termination charge, which is the higher of either 40% of the outstanding lease cost or four months of lease payments.
Used Car Offering
No, Zenith does not offer used cars for salary sacrifice.
Pricing
Zenith is a leasing provider, and therefore, all cars are owned by them. This means pricing is less competitive than other salary sacrifice providers who have access to several different funders.
Service
Zenith is currently rated 4.2 out of 5 stars on Trustpilot.
Green Credentials
Zenith is a certified carbon-neutral organisation - they are also part of the EV100.
EV Charging
Zenith doesn’t mention any EV charging offering for their customers who use the salary sacrifice scheme.
Alternative Salary Sacrifice Providers
There are several smaller, alternative salary sacrifice providers to choose from, like Pike and Bambridge, XCite Salary Sacrifice and Jurni Leasing. The benefit of choosing a smaller, lesser-known salary sacrifice provider is that there is often a more personalised service, with tailored support that can be better suited to the specific needs of your business.
Smaller providers may also offer more flexibility in their packages, with the potential for customised leasing terms or unique perks that larger companies might not provide. Additionally, these providers might have fewer clients, allowing for quicker response times and a more hands-on approach to customer service. However, it’s important to carefully compare costs, service levels, vehicle options, and the overall reputation of these providers to ensure they meet your needs.
How To Choose The Right Scheme As An Employee?
As an employee, most of the time you aren’t given a great deal of choice, because this largely depends on what your company already offers. In some instances, a company will offer two salary sacrifice schemes, or maybe you can put a case forward for implementing an EV scheme. If you do have the opportunity to choose or suggest a car scheme, there are several key features to consider.
First, use the scheme's quote calculator, if they have one, to understand your potential savings based on your salary and tax bracket. The next things to look for are crucial features like Complete Employer Protection, which safeguards you if you need to end the lease early due to circumstances like redundancy or long-term illness. Also consider whether you want a new or used electric car, as used vehicles can offer additional savings while providing the same scheme benefits. Finally, make sure the scheme includes comprehensive support, such as maintenance, insurance options, and charging solutions like The Charge Scheme, which can save you 20-50% on charging costs. The right scheme should make the switch to an electric car an obvious choice.
How Do Used Car Leasing And Subscription Offers Compare?
Leasing and subscription offers for used electric cars serve different needs, though salary sacrifice through a scheme like The Electric Car Scheme typically offers the most significant savings. The main difference is that leasing involves a fixed-term contract (usually 2-4 years) with set monthly payments, while subscriptions offer more flexibility with rolling monthly or short-term commitments.
With salary sacrifice on a used EV, you can save 20-50% compared to a standard lease through tax benefits, while still receiving comprehensive protection and support. Traditional used car leasing typically requires a larger upfront payment and monthly payments from your post-tax income, making it more expensive overall. Subscription services offer more flexibility with shorter commitments and the ability to switch vehicles, but this convenience comes at a premium - you'll usually pay substantially more per month than with a salary sacrifice scheme. Additionally, subscription services may not include the comprehensive protection and support package that comes with a dedicated EV salary sacrifice provider, such as guaranteed coverage for early termination due to redundancy or illness.
What Should Employers Do To Offer An EV Salary Sacrifice Scheme?
To set up an EV salary sacrifice scheme through The Electric Car Scheme, you can book a call on our website. An electric car scheme offers companies numerous benefits, including boosting team morale, enhancing talent retention, and supporting Environmental, Social, and Governance (ESG) goals. With The Electric Car Scheme, implementation is simple and our Operations team will support you on a monthly basis with payroll and reporting, making the admin hassle-free. Best of all, it’s cost-neutral, so there’s no extra cost for your company.
It’s truly a win-win! If you’re an employee, we’ve written a guide on why your employer should sign up for an electric car salary sacrifice scheme. Check it out here! If you’re a decision maker at a business looking to implement a scheme, book a call with one of our Salary Sacrifice Specialists here.
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Last updated: 19/05/2025
Our 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.