The Tesla Model S is one of the EV models available on the scheme

The Tesla Mannequin S is among the EV fashions out there on the scheme

Members can save virtually £14,500 by the scheme, which gives EV fashions from Tesla and Jaguar amongst others, Octopus Electrical Automobiles claims

An electrical car (EV) model of the favored cycle-to-work scheme is being launched this week by Octopus Electrical Automobiles, with individuals anticipated to save lots of a median of £14,445 over three years, the corporate claims.

Dubbed Electrical Desires, the brand new leasing service is designed to allow drivers to sacrifice some pre-tax wage in return for a model new electrical automobile. The financial savings are made doable by the low Profit-in-Sort (BiK) tax price on electrical vehicles within the UK, which first got here into power final yr and is about at one per cent for the tax yr 2021-22, and two per cent for the next three years.

Launching the scheme yesterday, Octopus Electrical Automobiles stated it aimed to make it as accessible as doable by offering assist to assist workers select their vehicles and get arrange with cost factors and EV vitality tariffs, in addition to aiding companies with scheme paperwork, approvals and payroll.

“Companies and workers throughout the UK are trying to find methods to do their bit for the atmosphere,” stated Fiona Howarth, CEO at Octopus Electrical Automobiles, which types a part of the Octopus Power Group. “We’ve got seen a seven-fold soar in wage sacrifice enquiries within the final yr. If companies within the UK introduce a scheme like this, they’ve the ability to considerably scale back transport emissions throughout the UK by 2030.”

Companies of all measurement are eligible, with 15 corporations already stay on the scheme, together with meal substitute drink model Huel and on-line property agent Purplebricks. Firms can select from over 30 electrical vehicles presently out there on the scheme, together with fashions from Tesla, Polestar and Jaguar, in response to Octopus Electrical Automobiles.

Huel CEO James McMaster stated his workers had benefitted from the scheme.  “We’re not the kind of firm that might go along with a conventional automobile scheme,” he stated. “With the ability to supply one thing that promotes cleaner transport has been an actual profit to serving to our group stay our mission of a extra sustainable world.”