Used electric vehicle salary sacrifice scheme launched

Electric car salary sacrifice provider, Loveelectric.cars, has launched Re-loveelectric, a used electric vehicle (EV) salary sacrifice scheme.

It offers customers of Loveelectric.cars exclusive access to nearly new, fully-maintained electric cars via its app through a salary sacrifice model.

“Re-loveelectric is a game-changer for the EV salary sacrifice marketplace,” said Loveelectric.cars CEO and co-founder Steve Tigar (pictured).

“EV leases typically have a fixed term of 36 or 48 months and come with very high early termination charges. Re-loveelectric minimises this risk by offering Loveelectric customers the opportunity to relist their EV on our second-hand marketplace instead of incurring a financial penalty.

“In short, Re-loveelectric now offers more flexible leases, more available stock for their drivers, and lower risk of incurring an early termination penalty.”

According to the Society of Motor Manufacturers and Traders (SMMT), the EV used car market grew by 37.5% in 2022.

“Accessing a nearly-new EV has never been easier,” Tigar added. “With new petrol and diesel car sales banned from 2030, the pressure is on for companies and drivers to switch to electric.

“Ensuring that both new and used EVs are available – and affordable – is critical to reaching this ambitious goal.”

Tigar concluded: “We are committed to supporting drivers to make the best decision possible – for their wallet and the environment.

“Salary sacrifice is the most affordable way to get behind the electric wheel and join the electric revolution. With Re-loveelectric, we’ve supercharged that offering.”