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08 Apr 20211 minute read

Octopus launches EV leasing scheme

ECAtoday
Octopus launches EV leasing scheme

British energy company Octopus Energy has lunched an electric vehicle (EV) leasing scheme for UK businesses.

The scheme offers the vehicles in exchange for a pre-tax salary sacrifice and takes advantage of the current low Benefit in Kind tax rates on EVs – 1 per cent for the 2021-22 tax year and 2 per cent for a subsequent three years.

Fifteen companies are currently enrolled on the scheme, including Huel and Purplebricks. Businesses of all sizes are eligible to sign up to the scheme, with any drivers ordering before July to have a smart home chargepoint installed for free.

Fiona Howarth, CEO of Octopus Electric Vehicles, said that there has been a seven-fold jump in salary sacrifice enquiries in the past year, with businesses and employees across the UK looking for "ways to do their bit for the environment".

Find out more about the scheme here.

ECAtoday

ECAtoday