What is the Octopus Electric Vehicles salary sacrifice scheme?
It’s like cycle-to-work but for electric cars. Your team can save up to 40% on the monthly cost of a brand new EV, while boosting your sustainability credentials with zero set-up cost for your business. Plus, it’s open to companies of all shapes and sizes.
How does it work?
Your team pays for a brand new EV from their gross salary, helping them save on National Insurance and Income Tax. As a business, you recover some **of the cost through the employee’s gross pay.
Why is salary sacrifice great for your company?
- Hit your net zero targets and show both your team and your customers that you care about fighting climate change. On average, a business saves 8.2 tonnes per year with EV salary sacrifice.
- It boosts your benefits package. 75% of employees say that they’re more likely to stay at their work because of their benefits package.
- Pay less National Insurance. Your business saves on National Insurance, which many opt to put back into the scheme.
- Minimal risk with built-in early-termination protection for unforeseen circumstances.
- Your team gets the complete EV package. The car, charger, energy, insurance (subject to eligibility), servicing, maintenance, breakdown and tyres. The lot!
- That includes a free home charger with standard installation, plus 4,000 miles of free home charging.
- No off-street parking? No problem! You can get 4000 free miles of credit on Octopus Electroverse. Check out the full T&Cs for these charging offers here.
