Categories  /  EV Salary Sacrifice  /  Octopus EV

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. 

Company Info
Website
Social Media
LinkedIn  ·  Instagram  ·  Facebook
Year Founded
2018
Headquarters
London, United Kingdom
Company Size
51–200

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

Alternatives

Other EV Salary Sacrifice Vendors

Vendor

Description

Best For
Pricing
Customers
Key Features
Website
Profile
Octopus EV

Octopus Electric Vehicles is a UK-based company specialising in electric vehicle (EV) leasing and services.

Companies with at least 20 employees looking to offer EV benefits

Multiple options, contact for more information

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

  • ·  Salary Sacrifice Scheme
  • ·  Comprehensive Vehicle Selection
  • ·  Home Charging Installation
  • ·  Employer Dashboard & Analytics
Ayvens

Ayvens is a leading mobility solutions provider offering comprehensive vehicle leasing and fleet management services through salary sacrifice arrangements.

Medium to large enterprises looking to enhance benefits packages with sustainable mobility options

Multiple options, contact for more information

Fleet of 3.4 million vehicles across 42 countries

  • ·  Salary Sacrifice Vehicle Scheme
  • ·  Sustainable Mobility Options
  • ·  Digital Management Platform
Fleet Evolution

Fleet Evolution is a UK-based company specialising in electric vehicle (EV) salary sacrifice schemes and fleet management services.

UK-based SMEs and mid-market companies looking to offer sustainable employee benefits

Multiple options, contact for more information

Over 600 customers

  • ·  Comprehensive EV Salary Sacrifice Schemes
  • ·  End-to-End Fleet Management
  • ·  Dedicated Account Management
Love Electric

Love Electric is a UK-based company specialising in electric vehicle (EV) salary sacrifice schemes, aiming to make electric cars more accessible and affordable for both businesses and their employees.

UK-based businesses of all sizes looking to offer electric vehicle benefits

Multiple options, contact for more information

Over 1,000 customers including Zoe, Clearscore, The Economist and Fenwick

  • ·  Comprehensive Salary Sacrifice Management
  • ·  Digital EV Platform
  • ·  Carbon Saving Analytics
The Electric Car Scheme

The Electric Car Scheme is a UK-based company that facilitates salary sacrifice programs, enabling employees to lease electric vehicles (EVs) through their employers at reduced costs.

SMEs looking to add a sustainable, cost-effective benefit

Multiple options, contact for more information

Customers include Holland & Barrett and Time Out

  • ·  Employee Savings Calculator
  • ·  Employer Dashboard
  • ·  All-Inclusive Package
Tusker

A part of Lloyds Banking Group, Tusker are an award winning car leasing company who have been providing company car and tax efficient car benefit schemes for over 15 years.

Medium to large UK companies seeking to reduce their carbon footprint while offering attractive benefits

Multiple options, contact for more information

Undisclosed

  • ·  End-to-End Scheme Management
  • ·  Digital Platform
  • ·  Comprehensive Risk Management
WeVee

WeVee is a UK-based company specialising in electric vehicle (EV) leasing and salary sacrifice schemes.

SMEs looking to implement sustainable transport benefits

Multiple options, contact for more information

Customers include Joseph Joseph, Honest Burgers, Mindful Chef and Proper Snacks

  • ·  EV Salary Sacrifice Scheme
  • ·  Fleet Management Dashboard
  • ·  Carbon Reduction Reporting
Zenith

Zenith is the UK's leading independent leasing, fleet management, and vehicle outsourcing company.

Mid-size to large organisations seeking a comprehensive EV salary sacrifice scheme

Multiple options, contact for more information

Undisclosed

  • ·  Comprehensive Salary Sacrifice Scheme
  • ·  All-Inclusive Vehicle Packages
  • ·  Comprehensive Risk Protection