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Electric cars are transforming how we think about driving and sustainability - socially, individually and in companies. For businesses, EV salary sacrifice schemes represent a cost-effective way to make electric driving accessible to employees while boosting sustainability credentials and enhancing employee benefits.
At loveelectric, we’ve made it our mission to simplify EV adoption for businesses across the UK. With our transparent pricing, comprehensive support, and industry-leading Early Termination Protection, we’ve helped countless companies unlock the full potential of EV salary sacrifice.
Now, we’re taking that commitment one step further. The headline? Total protection for businesses, from Day 1 (T&Cs apply).
Our new Zero Risk Guarantee is the ultimate enhancement to our salary sacrifice scheme, offering businesses total peace of mind from the outset. Whether you’re already familiar or just exploring EV salary sacrifice for the first time, our Zero Risk Guarantee makes offering EV benefits easier, safer and more secure than ever.
Understanding EV salary sacrifice
If you’re familiar with the cycle-to-work scheme, you already understand the basics of salary sacrifice. EV salary sacrifice operates on the same principle: employees exchange a portion of their pre-tax salary to lease an electric vehicle - also referred to more broadly as a 'benefit-in-kind'. For employees, this arrangement offers significant savings, thanks to reductions in Income Tax and National Insurance contributions. For businesses, it’s a cost-neutral way to provide a sought-after benefit while meeting sustainability goals.
Why it’s different
Unlike traditional car leasing, EV salary sacrifice offers employees savings of up to 60% on their monthly lease costs — making electric driving more accessible than ever. Meanwhile, employers enjoy a no-cost, low-effort way to add value to their employee benefits package.
Why choose EV salary sacrifice?
EV salary sacrifice is a game-changer for both employees and businesses. By combining significant savings, improved access to electric vehicles and a boost to sustainability benefits, it creates value across the board — making it one of the most compelling employee perks available today.
For employees
- Save up to 60%: By reducing Income Tax and National Insurance contributions, employees can lease premium EVs at a fraction of the cost.
- No upfront costs: Employees can drive their chosen EV—whether it’s a brand new Tesla or a used Nissan—without the usual financial barriers.
- Go green: Electric driving helps employees reduce their carbon footprints and make a real impact on the environment.
For businesses
- Cost-neutral: There’s no cost to your business, as employees cover lease payments through salary deductions. Plus, your company saves on National Insurance contributions too.
- Happier teams: Offering EV salary sacrifice boosts employee satisfaction and helps you attract and retain top talent.
- Support sustainability goals: Reducing Scope 3 emissions aligns with your company’s environmental commitments, enhancing your reputation as a responsible, forward-thinking organisation.
EV salary sacrifice is simple, impactful, and helps everyone drive into a more sustainable future.
Addressing common concerns
Switching to an EV salary sacrifice scheme is a big decision, and it’s natural to have questions. Two of the most common concerns we hear from businesses are about financial risks and the time it takes to manage the scheme. We’ve worked hard to make sure these worries are covered.
“What happens if an employee leaves mid-lease?”
With loveelectric, you don't have to worry about financial risks if employees leave while leasing a car. Our Early Termination Protection (ETP) is built to safeguard your business against unexpected situations like resignations, redundancies, or ill health. You’ll never be left footing the bill for a returned car you didn’t plan for.
For businesses that want even more security, our new Zero Risk Guarantee (ZRG) takes things to the next level. With our Zero Risk Guarantee, your business is protected from Day 1 of the lease, giving you complete peace of mind in every situation. Plus, as employees remain accountable for situations within their control, like resigning without cause, the Zero Risk Guarantee ensures employees carefully consider their commitment - therefore supporting your staff retention goals.
“Will managing the scheme take up too much time?”
Not with loveelectric. We’ve designed our service to make the whole process simple and hassle-free. From onboarding to management, our team handles the tricky bits so you can focus on running your business. We’re here to guide you and your employees every step of the way.
We’ve thought of everything to make EV salary sacrifice work for you—no stress, no surprises, just a simple and secure solution.
When it comes to EV salary sacrifice, we know how important it is for businesses to protect their finances. That’s why we’ve built our scheme on industry-leading protections designed to remove risks and keep things simple for employers. At the heart of this is our Early Termination Protection (ETP) and Flexible Return Options, which work together to create a reliable safety net for your business.
Safeguarding your business at every step
When offering an EV salary sacrifice scheme, you need to feel confident they can handle any unexpected changes. That’s why we’ve developed market-leading protections to offer maximum flexibility and peace of mind.
Flexible Return Options
Our Flexible Return Options give you more ways to manage unforeseen changes. Here’s how it works:
- Transfer the Lease: If an employee moves to another organisation, the lease can go with them, creating a smooth transition for all parties.
- Novate to another employee: Keep the EV within your team by transferring the lease to another employee in your company. It’s a great way to avoid long wait times for a new vehicle.
- Utilise reloved®, our used EV marketplace: If the lease needs to end, use our used EV marketplace - reloved® - to reassign the vehicle to a new driver.
- ETP as the final safeguard: If no other option works, ETP steps in to cover the financial risk, giving you peace of mind.
Early Termination Protection
Our ETP sets the standard for safeguarding businesses. If an employee leaves their job during the lease period, our ETP ensures you’re not left with unexpected costs. It covers a wide range of situations, including resignation, redundancy, ill health, and more. With ETP, you can confidently offer EV salary sacrifice knowing your business is protected.For businesses seeking the ultimate assurance, our new Zero Risk Guarantee enhances ETP by providing complete coverage from Day 1.
Introducing our Zero Risk Guarantee
We know that some businesses want extra peace of mind when adopting EV salary sacrifice. That’s why we created the Zero Risk Guarantee (ZRG)—an optional add-on designed to make your scheme completely stress-free.ZRG provides Day 1 protection, ensuring your business is covered from the moment an employee’s lease begins. Whether it’s resignation, redundancy, or many other unexpected situations, ZRG ensures there are no financial surprises.It’s perfect for organisations with strict risk policies, cautious CFOs, or businesses new to salary sacrifice. By removing all hesitation, ZRG makes it easy to confidently offer a cutting-edge benefit that supports both your employees and your sustainability goals.
Extending our existing protection
Our Zero Risk Guarantee isn’t a replacement for our standard protection — it’s an enhancement. Our Early Termination Protection already gives businesses a strong safety net, covering a wide range of scenarios like resignations, ill health or redundancy. Our Zero Risk Guarantee builds on this foundation by offering businesses a simpler, all-encompassing solution. For businesses that simply want total peace-of-mind, ZRG lets you bypass Flexible Return Options like reloved® or lease transfers. It’s the ultimate solution for companies that want everything handled in the most secure way possible.Whether you’re addressing concerns from a cautious CFO or simply looking for complete confidence, our Zero Risk Guarantee makes offering EV salary sacrifice simple, secure and totally risk-free.
Enhancing retention
One of the standout features of ZRG is its ability to support employee retention. While ZRG provides businesses with comprehensive Day 1 protection, it also ensures employees remain accountable for situations within their control.When employees choose to take advantage of an EV salary sacrifice scheme, they demonstrate a clear signal of loyalty and commitment to their employer. This balance of accountability and protection ensures businesses not only gain financial security but also strengthen their ability to retain valuable staff.
Why choose our Zero Risk Guarantee?
Still wondering if ZRG is right for your business? Here’s a quick checklist to help you decide:
- Do you have a low tolerance for financial risk?
If your company prefers absolute certainty with no waiting periods or conditions, our Zero Risk Guarantee provides immediate protection. - Does your finance team or CFO need extra reassurance?
Our Zero Risk Guarantee simplifies internal approvals by addressing any concerns about unexpected costs, making it easier to say yes to EV salary sacrifice. - Are you new to salary sacrifice?
For businesses starting their salary sacrifice journey, our Zero Risk Guarantee offers complete peace of mind while you navigate this new benefit. - Do you want an all-in-one solution?
Our Zero Risk Guarantee complements our flexible return options by offering a streamlined alternative for companies that value simplicity above all else. - Is cost a concern for your business?
Our Zero Risk Guarantee is entirely cost-neutral for employers. A small, negligible fee is added to the employee’s monthly lease price, ensuring your business gains complete protection without any financial burden. - Do you want a benefit that promotes employee loyalty?
ZRG balances comprehensive protection with employee accountability, ensuring the scheme supports staff retention.
If these scenarios resonate, our Zero Risk Guarantee could be the perfect enhancement to your EV salary sacrifice scheme. For most businesses, though, our standard ETP provides all the protection they need. Either way, you’re covered with loveelectric.
Why loveelectric?
At loveelectric, we make adopting electric vehicles simple and accessible for businesses and their employees. As the UK’s leading EV salary sacrifice specialist, we’ve built our reputation on expertise, innovation and customer care.We’re proud to be a certified B Corp, reflecting our commitment to ethical practices, transparency, and sustainability. Our mission is to drive positive change by making electric vehicles a practical and affordable choice for everyone.We understand that switching to EV salary sacrifice can feel like a big step, but our scheme is designed to be stress-free and straightforward. We focus on delivering real value for businesses and employees, helping you unlock the full potential of electric driving.
What sets loveelectric apart?
- Inclusive: Unlike many providers, we make EV salary sacrifice available to employees earning just £27,000. With options for both new and used vehicles, we’ve lowered the salary threshold so more people can benefit.
- Sustainable: Our scheme supports company ESG goals by reducing Scope 3 emissions and helping employees lower their carbon footprints. It’s a win for the planet and your business.
- Risk-Free: We offer industry-leading Early Termination Protection, so businesses are never left with unexpected costs. Want even more assurance? Our new Zero Risk Guarantee provides Day 1 protection for total peace of mind.
- Comprehensive: With loveelectric, everything’s included: insurance, maintenance, tyres, MOTs and more. It’s a hassle-free experience for employees and an easy-to-manage benefit for businesses.
With loveelectric, you can offer cutting-edge benefits, achieve your sustainability goals, and protect your business—all while making electric vehicles more accessible than ever.
Drive change, with confidence.
With loveelectric, offering EV salary sacrifice is simple, secure, and packed with benefits for your business and employees. Our industry-leading Early Termination Protection ensures your business is protected from unexpected risks, while flexible return options give you practical solutions for managing changes. For those who want even more certainty, our new Zero Risk Guarantee takes it to the next level with Day 1 coverage and complete peace of mind.
By adopting EV salary sacrifice, you’re offering a valuable employee benefit that supports your sustainability goals and positions your business as a forward-thinking leader. With no costs to your business and solutions tailored to your risk tolerance, there’s never been a better time to make the switch.
Ready to get started? Speak to the loveelectric team today to explore your options and bring affordable electric driving to your employees. Whether you choose ETP or ZRG, you’ll have everything you need to offer this cutting-edge benefit with confidence.
