Octopus Electric Vehicles Bets Big On EV ‘Tipping Point’ With Launch of Salary Sacrifice Service Posted on: April 26th, 2021 Octopus Electric Vehicles launches new 100% electric car leasing service – Electric DreamsResponse to seven-fold increase in businesses looking for EVs, especially salary sacrificeHuel and Purple Bricks are already signed-up, withover one hundred new enquiries every week Octopus Electric Vehicles has announced the launch of a new dedicated company car leasing service, Electric Dreams, to build on its position as amarket-leader in electric vehicles (EVs). The launch comes as EVs reach a tipping point thanks to rapidly falling costs, government incentives and changing consumer attitudes towards zero emission vehicles. Electric Dreams aims to support the growing number of employees looking to go electric using salary sacrifice –the same system used for cycle to work schemes –allowing staff to pay for a brand new EV from their gross salary, saving thousands of pounds on both national insurance and income tax. Fiona Howarth, CEO of Octopus Electric Vehicles, said: “Salary sacrifice makes electric cars a no brainer –making them significantly cheaper than their petrol or diesel counterparts. And with incredibly low company car tax rates on EVs, demand has never been higher –almost a third of employees want the option of an EV as a company car and our own enquiries from businesses have risen seven-fold in the last year alone.” “The government has made this possible with incredibly low company car tax rates on EVs, giving businesses an opportunity to offer their team a hugely valuable benefit, whilst also doing something great for the planet. Employees are delighted to see how they can save 30-40% every month on their car costs, by saving on income tax and national insurance. Electric Dreams will help meet this soaring demand, giving businesses and employees easy access to these amazing savings.” Octopus Electric Vehicles’ new salary sacrifice scheme gives employees access to every EV on the market today with a range of over 100 miles –of which there are over thirty today (up from five in 2017). Twenty more cars will be available later in 2021. 15 companies are already live on the scheme, including Huel and Purplebricks, making it available to 1,491 employees across the UK. James McMaster, CEO at Huel, said: “We’re not the sort of company that would go with a traditional car scheme. Being able to offer something that promotes cleaner transport has been a real benefit to helping our team live our mission of a more sustainable world –they are amazed at what a brilliant deal this is.