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Octopus EV

Website
Information

About Octopus EV

Octopus Electric Vehicles is a UK-based company specialising in electric vehicle (EV) leasing and services. As part of the Octopus Energy Group, they offer a comprehensive ecosystem for EV drivers, including salary sacrifice schemes, personal and business leasing options, home charging solutions, and access to extensive public charging networks. 

EV Salary Sacrifice
Company Info
Website
octopusev.com
Phone
+44-020-3870-3892
Contact
[email protected]
Social Media
LinkedIn  ·  Instagram  ·  Facebook
Year Founded
2018
Headquarters
London, United Kingdom
Company Size
51–200

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Perkwise Insight

Overview

Octopus Electric Vehicles (OEV) is a specialised provider of electric vehicle (EV) solutions for businesses and individuals, focusing primarily on salary sacrifice schemes that enable employees to lease new electric cars at significantly reduced costs. Their comprehensive service includes everything from vehicle procurement and financing to charging infrastructure installation and ongoing support.

Best For

Companies with at least 20 employees looking to offer EV benefits

Pricing

Multiple options, contact for more information

Customers

Over 5,500 customers including Dyson, Huel, Purple Bricks and Greene King

Pros
Zero-cost implementation for employers
The salary sacrifice scheme can be implemented with no direct costs to employers, while potentially reducing employer NI contributions.
Complete charging solutions included
The package includes home charger installation and access to public charging networks, removing a significant barrier to EV adoption.
Comprehensive end-to-end service
Cons
Minimum company size requirements
The scheme works best for companies with at least 20+ employees, making it less accessible for small businesses.
UK market limitation
More Info

Key Features & Benefits

Salary Sacrifice Scheme

What It Does

Enables employees to exchange a portion of their gross salary for an electric vehicle lease, reducing taxable income.

Why It Matters

This arrangement provides significant tax savings on income tax and National Insurance contributions, making premium electric vehicles affordable for average earners, while potentially reducing employer costs through NI savings.

Comprehensive Vehicle Selection

What It Does

Offers access to over 30 different electric vehicle models from leading manufacturers.

Why It Matters

Provides employees with genuine choice based on their budget, lifestyle, and preferences, increasing scheme adoption rates and employee satisfaction.

Home Charging Installation

What It Does

Includes professional installation of home charging points as part of the package.

Why It Matters

Removes a significant barrier to EV adoption by ensuring employees can conveniently charge at home, with OEV handling all the logistics and paperwork.

Employer Dashboard & Analytics

What It Does

Provides reporting on scheme uptake, carbon reduction, and cost savings.

Why It Matters

Allows HR and sustainability teams to track the program's impact on emissions reduction goals and demonstrate ROI to leadership.

Implementation & Support

Setup Process

Octopus EV handles most of the heavy lifting, including scheme design, legal documentation, and employee communications. Their team provides educational webinars and materials to help employees understand the benefit.

Technical Requirements

  • Payroll system integration for salary sacrifice processing
  • Internal communications channels for promoting the scheme
  • Space for potential on-site charging infrastructure (optional)

Support Options

  • Dedicated account manager for employers
  • Customer service team for employee inquiries
  • Online portal for order tracking and management
  • Charging specialists for home installation queries
  • Maintenance support for vehicle servicing needs
Reviews

Customer Reviews

“All the staff at Octopus EV are excellent and can't do enough to help. I had a couple of issues with the end-of-lease return of my car that were resolved very quickly. Highly recommended.”
Mr. Anthony
5
“The salary sacrifice is a great deal. Tanisha was great and provided excellent service throughout.”
Karl
5
“Ordering my EV was incredibly smooth and straightforward. The online configurator made reviewing my options easy across the various cars I was looking at. Idris was really helpful when discussing these options, explaining the benefits and the process to me and helping to secure the vehicle I wanted. Big shout out to Idris!”
Andy
5
“Very helpful service and plenty of communication. It's taking a little while to get my charging station installed due to calendar conflicts. The proactive support has given me the opportunity to get a free 3-pin charging cable and I have direct contact with someone who can help.”
Ben
4.5
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