loveelectric introduces a revolution in the workplace with its win-win electric car rental platform


Launched on October 1, 2021, loveelectric, the new ethical fintech, is making low-cost electric car rental a reality for employers and their workforce through “Drive Change”, a major campaign aimed at massively stimulating l adoption of electric cars.

  • In 2030, the government will ban all new gasoline and diesel cars, but electric love passionately believes it’s time to go electric.
  • As part of its Drive Change campaign, electric love set a target to help 10,000 employees switch to electricity over the next 18 months, saving them £ 100million, the equivalent of £ 250 per month each.
  • The company sets up its new electric car leasing program free for UK employers – it works in the same way as the popular “Cycle to Work” program.
  • The electric love The plan works as a benefit for the “wage sacrifice” employees. The employee gives up a small portion of his salary in exchange for a brand new fully electric car. The wage sacrifice is deducted from their gross wages, so the employee will pay less income tax and National Insurance (NI) and the employer will reduce their National Insurance Contribution (NIC) bill.
  • Employees have access to a live quotation site which performs all the salary sacrifice calculations for them and allows them to order the new electric vehicle of their choice.
  • electric love assists the employer in amending employee contracts and payroll and provides support to ensure that payroll deductions are made in a HMRC compliant manner.
  • electric love researches the entire electric vehicle (EV) market to get the best deal possible. Employees can choose from around 200 electric vehicles, from compact city cars to luxury SUVs. Cars include the £ 159 Nissan Leaf and the £ 265 Tesla Model 3, which cuts the usual cost in half.
  • electric love will devote 10% of its annual profits to charities with a positive impact on the climate, such as Asthma UK and other campaigns for cleaner air.

electric love launches a new electric car program that works as hard for the motorist’s pocket as it does for the environment.

More and more British drivers are saying they want to switch to electric, especially with the current pressure on fuel prices. electric love halved the cost of the electric car of their dreams.

For example, Jane, a higher rate taxpayer, earns £ 60,000 a year. She chooses a Tesla Model 3 with a lease term of 48 months and an agreed mileage of 5,000 miles. The standard rental price would be £ 524 per month, but the electric love the rental price and wage sacrifice bring the cost down to £ 267 per month – a very affordable route for driving an electric car.

Companies participating in the program can help their employees get started with anything from a Vauxhall Corsa-e, Tesla, Renault Zoe, BMW i3, Hyundai Ioniq, Kia e-Niro, Honda e, to even a Porsche Taycan. , no deposit and there are no additional charges for maintenance, servicing and fault coverage.

electric love eliminates the hassle of traditional company car systems. Its platform allows employees to manage the simple rental process on their own.

Any business that has been profitable for two years or more can register for free to allow their staff to enjoy the benefits. Their new car can be for personal or professional use.

The company was founded by an entrepreneur, Steve tigar (pictured), formerly CEO of Money Dashboard, the UK’s premier award-winning personal finance app.

He comments: “We want electric cars to become the norm and easily accessible to everyone.

“A car rented from electric love costs about half the price of that subscribed by a private individual in direct leasing. There is no cost to employers, and we help them every step of the way.

“I believe that organizations can be a force for good, which is why we are in the process of becoming a B Corp. It’s about making a difference, and with the climate emergency, we all need to make that difference now.

“We want to help all businesses empower their people to go electric. Our Drive Change campaign is designed to raise awareness of the difference electric cars make to those that run on gasoline and diesel. We’re committed to helping thousands of employees change jobs over the next 18 months, collectively saving them millions.

“In addition to monetary savings, the environmental benefit is invaluable. Our app will show the emissions we’re reducing and the money we’re saving, together.

“Why wait until 2030? It is time for a change now. Reducing the carbon footprint of our tires is the best way for the average person to make a real difference. “


Leave A Reply