Octopus launches 'Electric Dreams' employee electric-car leasing service for business

New salary-sacrifice scheme is open to businesses of all sizes

Huel BMW i3

Electric-car leasing provider Octopus Electric Vehicles has launched a new salary-sacrifice scheme called Electric Dreams, to enable businesses of all sizes to offer electric-car leasing to their employees.

The product operates on similar principles to the government's cycle-to-work scheme: employees pay a fixed amount out of their gross pre-tax salary each month. Finance is provided by Close Brothers and insurance by Lloyd Latchford. Octopus staff are on hand to assist employees to pick their car, organise a home charging point and switch to an EV-friendly tariff. Businesses are supported with the documentation, approval and payroll aspects of the service.

Drivers who order a car on the scheme by the end of June 2021 get an Ohme smart home wallbox charging point installed for free, while those who are customers of Octopus Energy are credited with 8,000 miles' worth of charging – enough to power a typical electric car for a year, says Octopus. Currently, 15 UK companies are signed up to the scheme, among them Huel (pictured above) and Purplebricks, with a total of 1,491 employees leasing fully electric cars as a result.

Huel CEO James McMaster said: "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." Helena Marson, chief people officer at Purplebricks, added: "The salary sacrifice scheme makes driving electric easy and affordable, helping our staff lead more sustainable lifestyles."

The Octopus Energy group also offers a service called 'Electric Juice', which gives 'roaming' access to multiple electric-car charging networks, as well as EV-friendly domestic electricity tarriffs.

Most Popular

Top 10 best seven-seater electric and hybrid cars 2021
Mercedes EQB
Best cars

Top 10 best seven-seater electric and hybrid cars 2021

If the regular crop of electrified SUVs and family cars don’t provide enough practicality for you, then take a closer look at the range of electric an…
5 Oct 2021
Top 10 best luxury electric cars 2021
BMW iX
Best cars

Top 10 best luxury electric cars 2021

From Audi to Tesla, here are our top picks of the most luxurious zero-emissions motoring options on the market right now
7 Oct 2021
Electric car sales UK: Tesla Model 3 tops the charts in September 2021
Tesla Model 3
News

Electric car sales UK: Tesla Model 3 tops the charts in September 2021

The Tesla Model 3 was the best-selling car in the UK overall during September 2021, as the chip shortage continues to hit new vehicle supplies
5 Oct 2021