Provider comparison
Tusker vs The Electric Car Scheme
Side-by-side comparison from the PerkIQ directory. Cover, pricing, regulator status, and fit at a glance.
Tusker and The Electric Car Scheme are both well-regarded UK EV salary sacrifice providers, but they sit at different ends of the market. Tusker is a long-established specialist backed by Lloyds Banking Group, geared to mid-market and larger employers. The Electric Car Scheme is a newer B Corp focused on fast, low-admin setup for SMEs, with new and used EVs.
The Electric Car Scheme
- All-inclusive lease. Fully comprehensive insurance for employee and partner, maintenance, breakdown, MOT, road tax and replacement tyres in one monthly cost.
- Lifestyle Protection. Early-termination protection covering events such as redundancy, long-term illness and parental leave, after a qualifying period.
- Broad vehicle range. New electric and plug-in hybrid vehicles across the major manufacturers.
- Employer and employee portals. Online management for HR and a self-serve quote and order experience for staff.
- New and used EVs. A choice of new and used electric vehicles, with used cars typically delivered quickly.
- Day-one employer protection. Early-termination cover from day one, so the employer is protected from the outset.
- The Charge Scheme. A separate salary sacrifice arrangement for home electricity to reduce EV charging costs.
- All-inclusive lease. Maintenance, insurance and servicing included, with multiple funders accessed for competitive pricing.
- Mid-market and enterprise employers wanting an established provider with financial backing
- Risk-conscious organisations: Lloyds Banking Group ownership offers reassurance on scheme stability
- Micro businesses: the scheme is better suited to organisations with a reasonable number of participating employees
- SMEs wanting a fast, low-admin launch: the platform is built for quick scheme setup
- B Corp-minded employers: certified B Corp credentials align with values-led organisations
- Budget-conscious drivers: used EV options and the home-charging scheme lower the total cost
- Very large enterprise fleets: better suited to SME and mid-market schemes than complex global fleet management
Free for the employer to set up and run, funded by employee salary sacrifice, with employer National Insurance savings.
Employee monthly cost varies by vehicle, term and mileage; obtain a quote via Tusker.
Free for the employer to run, funded by employee salary sacrifice, with employer National Insurance savings.
Employee savings depend on salary and vehicle; obtain a quote via The Electric Car Scheme.
- FCA authorised
- Owned by Lloyds Banking Group (2023)
- Salary sacrifice since 2008
- Lifestyle Protection cover
- Carbon-offset scheme
- HQ Watford
- FCA authorised
- Certified B Corp (2024)
- New and used EVs
- The Charge Scheme for home charging
- Clients incl. Holland & Barrett, Time Out
- Founded 2020, London
Which should you choose?
Choose Tusker if scale and financial backing matter. Running salary sacrifice since 2008 and owned by Lloyds Banking Group, it is a proven choice for larger schemes, with Lifestyle Protection cover and a fully managed, all-inclusive lease.
Choose The Electric Car Scheme if you are an SME wanting to launch quickly with minimal admin, value the option of used EVs to keep costs down, or want a B Corp provider. Its Charge Scheme for home electricity and day-one protection are useful extras.
Both are free for employers to run and cover the essentials. The split is largely size and style: Tusker for established scale, The Electric Car Scheme for SME speed and flexibility.
Pick the right one with data, not a sales pitch
Score your benefits stack with PerkIQ and you'll see which of these (or another provider entirely) closes the biggest gaps for your team.
Information on this page is editorial, gathered from public sources and the providers' own materials, and does not constitute financial advice or a recommendation. For a quote, contact each provider directly or speak to an FCA-authorised broker. PerkIQ is not a reseller and earns no commission on provider sign-ups.
