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Octopus EV

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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?

  1. > 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.
  2. > It boosts your benefits package.  75% of employees say that they’re more likely to stay at their work because of their benefits package.
  3. > Pay less National Insurance.  Your business saves on National Insurance, which many opt to put back into the scheme.
  4. > Minimal risk with built-in early-termination protection for unforeseen circumstances.
  5. > 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.

Want to learn more?  Please complete this online form link for more details.