Provider comparison
The Electric Car Scheme vs Love Electric
Side-by-side comparison from the PerkIQ directory. Cover, pricing, regulator status, and fit at a glance.
The Electric Car Scheme
- 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.
- 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.
- 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
- 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 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.
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
- Certified B Corp (2024)
- New and used EVs
- The Charge Scheme for home charging
- Clients incl. Holland & Barrett, Time Out
- Founded 2020, 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.
