Provider comparison
Octopus EV vs Love Electric
Side-by-side comparison from the PerkIQ directory. Cover, pricing, regulator status, and fit at a glance.
- Full EV range. New and nearly-new electric vehicles across the major makes and models on the UK market.
- Home charging bundled. Free Ohme home charger and installation, or a choice of 4,000 free charging miles via the Electroverse network.
- All-inclusive lease. Insurance for the employee and a named partner, servicing, maintenance, tyres and breakdown cover in one monthly figure.
- Early-termination protection. Cover for a range of life events so the employer is protected if an employee can no longer continue the lease.
- Renewable energy ecosystem. Links to Octopus Energy tariffs and the Electroverse public charging app for a joined-up EV experience.
- New and used EVs. A range of new and used electric vehicles, with savings of up to around 60% versus a personal lease.
- Zero Risk Guarantee. An optional enhanced protection tier that removes residual employer risk on early termination, on top of standard cover.
- All-inclusive lease. Comprehensive insurance, servicing, maintenance, breakdown, tyres and accident management included.
- Perkbox integration. Now part of the Perkbox benefits platform following the December 2025 acquisition.
- Sustainability-focused employers wanting a benefit aligned with net zero and renewable energy
- Employees with home charging: the bundled charger and energy links deliver most value to drivers who can charge at home
- SMEs through to large institutions: the scheme scales from small teams to embedded, white-label programmes
- Employees without off-street parking: home charging is central to the proposition, so on-street-only drivers see less benefit
- SMEs: the scheme is built around smaller employers and straightforward onboarding
- B Corp and values-led organisations: Love Electric is itself a certified B Corp
- Existing or prospective Perkbox customers: EV salary sacrifice now sits within the wider Perkbox platform
- Large complex fleets: the focus is salary sacrifice for SMEs rather than full fleet management
Free for the employer to set up and run. The cost is met by the employee through salary sacrifice, and the employer can save on National Insurance.
The monthly cost to the employee depends on the vehicle, term and mileage, offset by income tax and National Insurance savings via the low EV benefit-in-kind rate.
Savings depend on individual salary and the vehicle chosen; obtain a quote via Octopus EV.
Free for the employer to set up and run, funded by employee salary sacrifice, with employer National Insurance savings.
Employee savings depend on salary and vehicle; obtain a quote via Love Electric.
- FCA authorised
- Octopus Energy Group company
- 7,000+ UK businesses
- Free Ohme home charger included
- Electroverse charging network
- Founded 2018, London
- FCA authorised
- Certified B Corp
- Acquired by Perkbox (Dec 2025)
- 1,500+ employer clients
- Zero Risk Guarantee option
- HQ Edinburgh
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.
