Including to its portfolio, the vitality supplier Octopus has launched a brand new leasing service – Electrical Goals – providing 100% electrical automobile wage sacrifice schemes, to save lots of workers 1000’s as they change to wash inexperienced driving.

Much like the favored cycle-to-work scheme, employers can provide their employees a extremely beneficial profit that can also be good for the planet. Drivers already signed up are saving a mean of £14,445 over three years, by sacrificing some pre-tax wage in return for a model new electrical automobile.

The profit is made potential on account of extremely low Profit in Sort (BiK) tax charges on electrical vehicles, which is simply 1% for tax yr 2021-22, and a pair of% for the three years following.

Octopus, who already provide enterprise and private leasing by means of its Octopus Electrical Automobiles model, has designed their scheme to be low effort and 0 price for a enterprise to arrange. From launch, Octopus specialists can be found to assist workers select their vehicles and get arrange with charge factors and EV vitality tariffs; in addition to assist the enterprise with scheme paperwork, approvals and payroll.

Companies of all sizes are eligible for the Octopus Electrical Automobiles scheme, in distinction to some schemes that are solely accessible to giant employers.

Fiona Howarth, CEO of Octopus Electrical Automobiles, mentioned:

“Companies and workers throughout the UK are trying to find methods to do their bit for the atmosphere. Now we have seen a seven-fold leap in wage sacrifice enquiries within the final yr. If companies within the UK introduce a scheme like this, they’ve the ability to considerably cut back transport emissions throughout the UK by 2030.”

15 corporations are already reside on the scheme, together with Huel and Purplebricks, making it accessible to 1,491 workers throughout the UK.

James McMaster, CEO at Huel, mentioned:

“We’re not the form of firm that might go along with a conventional automobile scheme. Having the ability to provide one thing that promotes cleaner transport has been an actual profit to serving to our group reside our mission of a extra sustainable world – they’re amazed at what an excellent deal that is.”

With over 30 vehicles that may journey over 100 miles on a single charge, drivers can select from a wide range of manufacturers together with Porsche, Renault, Jaguar, KIA, Polestar and Tesla Mannequin S.

In return for a single month-to-month sacrifice tax-free from their gross wage, every worker who orders an EV will profit from:

• A totally insured and maintained EV
• Entry to EV Specialists to assist them by means of their journey
• Zero deposit or upfront prices
• Extra authorities and council incentives together with grants and waived congestion charges
• 90% decrease ‘gasoline’ prices vs petrol or diesel vehicles
• If ordering earlier than July, drivers will even obtain a free smart residence cost level, absolutely put in by the Octopus Power Providers group.
• If taking residence vitality from Octopus Power, drivers additionally obtain sufficient free renewable electrical energy to drive 8,000 miles – equal to the common UK driver’s mileage for a complete yr.

Companions together with Shut Brothers and Lloyd Latchford will present Octopus with financing and insurance coverage companies respectively. Octopus will present first-class customer support for each the companies and workers

Drivers ordering earlier than July will get a smart residence cost level put in without cost. And people with Octopus Power will obtain sufficient free renewable vitality to drive 8,000 miles, sufficient to energy the common UK driver for a yr.