Octopus launches EV salary sacrifice service
07 April 2021
Author: Sean Keywood
A new service leasing EVs on a salary sacrifice basis has been launched by Octopus Electric Vehicles.
The Electric Dreams scheme is said to have been designed to be low effort for employers to set up, with zero cost. Octopus says its staff can help employees choose their cars and get set up with chargers and EV energy tariffs, as well as support the business with scheme documents, approvals and payroll.
Businesses of all sizes are eligible, and financing and insurance are provided by Close Brothers and Lloyd Latchford respectively.
Octopus says 15 companies have already signed up, including Huel and Purplebricks.
Octopus Electric Vehicles CEO Fiona Howarth said: "Businesses and employees across the UK are searching for ways to do their bit for the environment.
"We have seen a seven-fold jump in salary sacrifice enquiries in the last year. If businesses in the UK introduce a scheme like this, they have the power to significantly reduce transport emissions across the UK by 2030."
Huel CEO James McMaster said: "We're not the sort of company that would go with a traditional car scheme.
"Being able to offer something that promotes cleaner transport has been a real benefit to helping our team live our mission of a more sustainable world - they are amazed at what a brilliant deal this is."