Octopus Electrical Autos has launched a brand new leasing firm providing 100% electrical wage sacrifice schemes.
Dubbed Electrical Goals, the electrical car (EV) leasing firm is claiming a median of £14,445 over three years is being saved by drivers already signed up.
That is achieved by these drivers sacrificing some pre-tax wage in return for a brand new electrical automotive, taking benefit of the present low Profit in Variety tax charges on electrical automobiles, which is simply 1% for tax yr 2021-22 and a couple of% for the three years after.
Because it stands, 15 firms – together with Purplebricks and Huel – are stay on the scheme, with it accessible to 1,491 staff throughout the UK. Companies of all sizes are eligible to enroll to the scheme, with any drivers ordering earlier than July to have a wise dwelling chargepoint put in free of charge.
These with Octopus Vitality can even obtain sufficient free renewable vitality to drive 8,000 miles, with drivers ready to select from a spread of automobiles for these miles together with Porsche, Renault, Jaguar, KIA, Polestar and Tesla Mannequin S automobiles.
Companions together with Shut Brothers and Lloyd Latchford will present Octopus with financing and insurance coverage companies respectively.
Fiona Howarth, CEO of Octopus Electrical Autos, stated that there was a seven-fold soar in wage sacrifice enquiries previously yr, with companies and staff throughout the UK on the lookout for “methods to do their bit for the surroundings”.
Already, wage sacrifice is used for cycle to work schemes, enabling staff to pay from their gross wage, saving on each nationwide insurance coverage and revenue tax.
Electrical Goals comes off the again of numerous different companies launched by Octopus Electrical Autos, together with its Electrical Juice cost interoperability service providing fleet drivers a single method to pay for charging, spanning each dwelling charging and public charging.
Utilizing Electrical Juice, drivers pay by their Octopus account throughout a number of accomplice charging networks with prices showing on a single invoice.
In January 2020, Octopus Electrical Autos launched a charging bundle for fleet operators, offering help from choosing the appropriate car to charging platforms that enable customers to separate vitality and miles between dwelling, work and on the go. The identical month, it partnered EO Charging to launch a separate bundle together with a Nissan Leaf with 8,000 miles per yr, the EO Mini Good Residence charger and the Octopus Go tariff.