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You're now an official partner of Octopus EV (yay!) so you can refer companies to join our EV salary sacrifice scheme.

Share this guide with your clients to give them a taster of EV salary sacrifice.

A reminder of what's different about our EV salary sacrifice scheme.

How does EV salary sacrifice work, and what's included? Look no further, you'll find everything you need right here.

It's an employee benefits scheme that allows employees to pay for a car out of their gross monthly pay. It's like the cycle to work scheme, but for electric cars.

It gives employers and their team the chance to save up to 40% on the monthly cost of driving electric, while boosting the company's sustainability credentials.

It’s a win, win. Employers get to supercharge their employee benefits package and the team is happy making huge savings.

It costs employers nothing to set up and we've made it super easy to run. No catch. Just great value.

You pay for your brand new EV through your gross salary, before tax and other contributions are deducted, so you’ll save on Income Tax and National Insurance.

You’ll pay a small amount of Benefit in Kind (BiK) tax, which is currently fixed at 2% until April 2025. It will increase by 1% in each subsequent tax year until April 2028.

An increase in BiK increases the amount you pay for your car. But for now, this is partly what makes salary sacrifice the cheapest way to get an electric car.

Here’s an example of how the savings work for Julia.

And here’s how the savings work for George.

With our EV salary sacrifice, your team members get the whole package.

Car, charger, energy. Plus insurance (if your company chooses to include it), servicing, maintenance, breakdown cover and tyre replacement. The lot.

Because we’re part of the Octopus Energy Group, we can offer your team members a discount on a home charger, installed by expert Octopus engineers.

We include £400 off the charger and standard installation, which is worth £1,029. If there’s more work involved to install the charger at their home there may be an additional charge, but we’ll let them know once we’ve figured that out.

As an example, a non-standard install would be something like needing a new fuse board because there aren’t any spare fuses on the existing one, or the distance between the fuse board and the charger needing more than 15m of cable.

On top of this, they'll get access to our exclusive discounted EV Saver tariff - 'Intelligent Octopus Go - EV Saver', saving them an extra 1p on off-peak rates.

If your colleagues don’t have off-street parking, we’ll give them £400 of charge on the public network through Electroverse instead.

So by choosing Octopus, they’ll have no ‘fuel’ costs for the first few months of driving their EV.

You can find the terms and conditions for charging here.