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.
Perkwise Insight
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.
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
Key Features & Benefits
Salary Sacrifice Scheme
Enables employees to exchange a portion of their gross salary for an electric vehicle lease, reducing taxable income.
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
Offers access to over 30 different electric vehicle models from leading manufacturers.
Provides employees with genuine choice based on their budget, lifestyle, and preferences, increasing scheme adoption rates and employee satisfaction.
Home Charging Installation
Includes professional installation of home charging points as part of the package.
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
Provides reporting on scheme uptake, carbon reduction, and cost savings.
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