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Get an electric car with salary sacrifice

Save up to 40% on a brand new electric car with our employee benefits scheme

How does EV salary sacrifice work?

Get a brand new electric vehicle with salary sacrifice through work as a benefit, paid for through your gross monthly pay, saving on Income Tax and National Insurance.

What's included?

Brand new electric car

Choose from the best range of electric cars. We've even pre-ordered cars to get you on the road quicker.

The whole package

We offer everything for you to hit the road: car, charger, energy, insurance, servicing, maintenance, breakdown and tyres. The lot.

5 star customer service

Our EV experts help you choose the right car for you. Impartial advice. Every time.

Free home charger

If you have off-street parking we throw in a free home charger with standard installation.

First 4,000 miles free

Hit the road with 4,000 miles of free charge. With Intelligent Octopus if you have off-street parking, or on public charging with Electric Universe if you don't.

Play your part

Help the fight against climate change. Save 1.5 tonnes of CO2 every year by switching to a zero-emissions electric car.

How does salary sacrifice benefit me as an employee?

Make great savings on your brand-new electric car

You'll not only save money on your EV, we give you loads of extras so you save even more.

Get the best electric car to meet your needs, fast

We offer every EV available and pre-order our stock for speedier delivery.

No upfront deposit required, and no hidden surprises or fees

Everything you need is covered in one monthly payment for peace of mind.

We'll keep your car in tip top shape and running smoothly

Servicing, tyres and breakdown are included so there's nothing for you to think about.

How much can I save with salary sacrifice?

Employees make savings on their tax and personal benefits when they switch to an electric car under our salary sacrifice scheme. Depending on how much tax you pay, these savings can be as much as 40%.

The payments come straight out of your gross pay, which reduces your monthly salary.

Because of this reduction in salary, there is a reduction on income tax and National Insurance payments. Employers' National Insurance payments are reduced too.

Money that you'd normally never see (because it goes straight out of your pay to HMRC) actually goes straight towards your electric car payments.

What other savings can I make?

By switching to an electric car you'll make great savings on fuel costs in the long run. The cost of charging an electric car using our Intelligent Octopus EV tariff is as low as 3p per mile.

Plus, we give you loads of amazing extras that'll help you save money - including charger, energy, maintenance, tyres and breakdown support.

Want to get an electric car through your employer?

Let us help you. Click the button below to fill in some details and we'll send your employer everything they need to know about our electric car salary sacrifice scheme.

How much you pay depends on the car’s cost and the income tax bracket you fall into. You save on Income Tax and National Insurance. Plus, Benefit in Kind (BiK) tax is just 2% right now. The Benefit in Kind (BiK) rate is set by the government. It’s worth noting this is currently fixed at 2% until April 2025 and after this, it'll rise by 1% each year until 2028.

How do employees save up to 40% on the cost of an electric vehicle through salary sacrifice?

Employees make savings on their tax and personal benefits when they switch to an electric car under our salary sacrifice scheme.

The payments come straight out of the employee's gross pay, which reduces their monthly salary. Because of this reduction in salary, there is a subsequent reduction on income tax and national insurance payments. Employers' National Insurance payments are reduced too.

Money that you'd normally never see (because it goes straight out of your pay to HMRC) actually goes straight towards your electric car payments.

If you were leasing a car out of your net monthly payments (your salary after tax), you'd be paying your taxes and paying your car payments too. That's why it works out so much cheaper to get an electric vehicle through our salary sacrifice scheme.

I’ve heard there are long wait times. How soon can I get an EV?

It's no secret that there are supply chain challenges across the world at the moment for new cars, including EVs. But we’ve pre-ordered the most popular cars, either by reserving factory build slots with manufacturers, or buying cars that have already been made, so we can get you in one sooner. Your delivery timescale will differ depending on which make and model you go for, and how customised you want the car to be.

Do I need to be an Octopus Energy customer to get an Octopus EV?

In short, no.

But Octopus Energy customers do get loads of great freebies. For example, when you lease a car with us and switch to the Intelligent Octopus EV tariff you'll get 4,000 miles of free home charging.

You'll get a free charger with standard installation no matter who your energy provider is through our salary sacrifice scheme, or ultimate EV package.

If you're going to do most of your charging on the road and opt for the 4,000 free miles of charging with Electric Universe, you'll get this no matter who your energy provider is.

Find out more about our charging offers here.

Want to learn more about our salary sacrifice scheme and driving electric?

Not sure if salary sacrifice is right for you? Have questions about driving or charging your EV? We can help with some answers!

Visit our blog to learn all about EVs, charging, salary sacrifice and more.

Visit our FAQ page