Octopus makes EV switch easy with second hand salary sacrifice scheme

Octopus Electric Vehicles, part of Octopus Energy Group, has launched a second-hand leasing offering for electric cars – making the switch to electric driving the cheapest it has ever been. 

Octopus Electric Vehicles makes EVs more accessible with second hand salary sacrifice leasing

Drivers can access popular EVs such Renault Zoe, Peugeot e-208 and Vauxhall Mokka-e for £300 a month, including running costs with the scheme including a charger and discounted energy tariff making the switch simple for consumers.

Half the price

The ‘Nearly New’ salary sacrifice offer significantly reduces costs, granting mass market access to EVs with models like the Tesla Model 3 and Polestar 2 working out up to 50% cheaper than their petrol or diesel equivalents. Taking into account total running costs, drivers can get the Tesla Model 3 – one of the most popular EVs in the UK – for half the price of the same model on a personal lease.

Through the Octopus scheme, which builds on the success of its flagship salary sacrifice offer, lunched in 2021, drivers can access popular EV models like the Renault Zoe, Peugeot e-208 and Vauxhall Mokka-e for roughly £300 a month, including fuel, insurance and maintenance costs. 

All-in-one service

Like cycle-to-work but for cars, Octopus’ salary sacrifice helps drivers save 30-40% every month by paying through gross salary. Octopus offers an easy all-in-one service, providing the use of an electric car, charger and discounted energy tariff.

All of the cars on offer are less than 2 years old and have been fully serviced. The offer opens up a new segment of the electric car market, making these new green and cheaper to run cars more affordable for those who may not have previously considered one. 

Fiona Howarth, CEO of Octopus Electric Vehicles, commented: “Used cars make up more than 4 out of 5 car sales in the UK, and so to reach net zero transport, we need to build a strong second hand market for electric cars. As with all tech, the early models are expensive but with a growing fleet of second hand cars, you can now run one of these high tech, green, fun cars for half the price of an old school gas guzzler.” 

“Leasing for EVs is an attractive option for people looking to go electric, allowing drivers to switch to the latest tech every few years and take advantage of low fuel costs. Very few of our drivers ever look back, and now going electric is even more affordable, opening it up to more drivers that may not have previously considered it.”