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Electric Vehicles Salary Sacrifice

Save your employees money and the planet with every journey

Businesses can help fight climate change by switching to electric vehicles. Our salary sacrifice electric car scheme not only saves your employees money but also reduces each employee's carbon footprint by 1.5 tonnes per year.


Your Co-op in partnership with Octopus EVs supplies the best salary sacrifice car scheme to businesses, blending expertise and choice with a leading flexible benefits provider. Once you're with us, you'll also have access to a host of other money saving and low-carbon benefits.

Save money and the planet whilst retaining talent and hitting your CSR goals.

Save up to 40% on new EVs

Sign up to our Salary Sacrifice Electric car scheme and employees can take advantage of national insurance and income tax savings of up to 40% dependent on their tax bracket.

Employees receive a new electric vehicle with salary sacrifice through work as a benefit, paid for via their monthly gross salary. And because the benefit-in-Kind tax is so low on electric cars (2% up to 2025), it’s a win-win all around.

 

More benefits of salary sacrifice

Benefits of the best salary sacrifice car scheme:

2 men inspecting car on the side of a road

Servicing, maintenance, repairs and roadside assistance

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Fully comprehensive motor insurance and accident management services

person charging their car

Free home charger or free charging credit for the Electroverse public network 

3 car charging stations

Simple public charging with a card and an app which locates charging spots

business woman stood by car whilst it's charging

Both your Business and Employees save on National Insurance

car driving over bridge

Use 4,000 miles of electricity free of charge*

*Only for those without off-street parking, or if you have switched to Octopus Go energy tariff

The salary sacrifice package

For Employees

  • Save up to 40% on a new EV – Through tax and NI savings, plus lots of extras you save big on your new EV

  • EV availability - Every EV on the UK market is available on the scheme and with speedy delivery

  • No upfront deposit or hidden fees – Everything is covered in one monthly price for your EV

  • We keep you on the road – Servicing, tyres and breakdown are all included in the scheme

  • Additional savings – The cost of using Octopus’ EV tariff is as low as 3p per mile, compared to 12p-23p per mile for petrol or diesel

For Employers

  • Attract & retain talent – 75% of Employees are more likely to stay at Companies with good employee benefits packages.

  • Pay less National Insurance – Your business can save on National Insurance which can be put back into the scheme

  • Hit sustainability targets – With no cost, your business will become more sustainable by producing fewer emissions

  • Free to set up and run – Manage your scheme with our HR portal with minimum admin and no set up costs

  • Free access to Flexible Benefits - Once onboard you’ll have free access to our wide range of benefits such as Payroll giving, cycle to work and more
Nissan leaf car

A driving force for a cleaner environment

Electric cars produce no carbon emissions when being driven, unlike petrol and diesel cars which emit air pollutants every second they're in use. Electric cars give us cleaner streets, so our towns and cities become better places to live.
 
Lifetime emissions from driving a Nissan Leaf are three times lower than that of a petrol/diesel car – imagine how positively that affects the air we breathe!

A study in the UK showed the lifetime emissions per kilometre of driving a Nissan Leaf EV are about three times lower than an average car. 

Your Co-op plant a tree for every car leased
headshot of Midcounties Co-operatives' head of customer operations

"An exceptional experience from start to finish and now I save money on a car I love and it helps the environment"

The whole experience was exceptional from seeing various EV’s at the Midcounties Launch event, dealing with their car experts and during the ordering process I was very impressed with the support and advice provided so I could select the right vehicle for me.
 
I chose the BMW i3s through the salary sacrifice scheme. The service was fantastic and the support when selecting the car and add-ons were extremely helpful. I am loving the car, the wall charger and the additional benefits you get from choosing these options. I find I am saving loads compared to my traditional ICE vehicle, even with the increased electric costs the savings are still huge compared to my previous vehicle. I love the car, its fantastic to drive, very easy, full of the tech I needed and above all I find it fun to drive. Its great making ethical and sustainable choices but when its also cost effective and brings a smile to your face I don’t know why I didn’t make the switch sooner.
 
The team were fantastic and I would highly recommend their services to others that want top rate support, to help the environment and also have an awesome driving experience.

Get in touch with our Team

For more information call our team on 0800 458 7929 to speak to the EV specialists or fill out the form below and one of our specialists will get back to you.

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