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  • Mar 23, 2022

  • 10 min read

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Helping CeX be kinder to the environment

“The Octopus Electric Vehicles salary sacrifice scheme is a win-win from an employee benefits perspective and an environmental perspective.” - Frank Orchard, Director

CeX wants to promote its sustainable values to their whole team by helping them switch to electric cars as a benefit through their salary.

Aligning with sustainable values

CeX was set up 30 years ago to recycle and give life to second-hand tech and entertainment. They have stores across four continents with nearly 400 stores in the UK alone. The company has a big high street presence and has been a pioneer in second-hand sales and the circular economy.

Frank Orchard, Director, said: “We’re very conscious about recycling and the environment. The electricity that powers our stores is all from renewable sources. We've been sustainable before sustainability was a word most people were using. The Octopus Electric Vehicles salary sacrifice scheme is a really natural fit to a business that recycles and reuses products and promotes sustainability at its core.”

“We chose a purely EV scheme because we wanted to make a solid move to say, ‘this is what we're about. This is the future.’”

Our salary sacrifice scheme can help your company promote sustainability among your team. Find out how.

Choosing a scheme that’s easy to run

CeX has thousands of staff across different teams, working in high street stores, operations and support. They came to Octopus Electric Vehicles to find a scheme that didn’t require a lot of admin to set up.

Frank explained why he chose Octopus Electric Vehicles over other salary sacrifice schemes on the market.

“We chose the scheme because of the ease of doing business with Octopus Electric Vehicles, there was no hard selling of the scheme to us. It’s a very consultative approach with very patient, very knowledgeable EV Specialists and Account Managers. It's an educational approach and an awareness approach, making sure that it's the right vehicle and the right fit for the team. All of the backend admin is handled by Octopus Electric Vehicles which is a huge bonus.”

The benefit of our all-inclusive salary sacrifice package

Frank explained that our all-inclusive package allowed him to feel confident and secure that the vehicles were being maintained and looked after well across the lease.

“What swayed me was the good value of the scheme. Including the insurance and the maintenance and the tyres within the package allows people to carry on with their day and not worry about the vehicle, which is a big responsibility.”

“We wanted to make switching to electric cars affordable and achievable for everyone who has thought that cost would be a barrier to making the switch. Most of our staff can now get access to an electric car when they wouldn’t have thought they could before.”

Stuart Rennie, UK Operations Director, took a Tesla Model 3 through the salary sacrifice scheme. He said: "When you look at the total cost of ownership and add up the cost - the car, service, MOT, insurance and even tyres are included, it really does make sense.

"It’s easily the cheapest way to get behind the wheel of a new EV, due to the savings the Government is offering via the Octopus Electric Vehicles salary sacrifice scheme.

"It’s good to know that I’m doing something to reduce my carbon footprint and our dependence on fossil fuels."

Joining our salary sacrifice scheme is quick, simple and totally free to set up.


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