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 a 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.

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