Why forward-thinking businesses are integrating an EV Salary Sacrifice into their strategy
Octopus EV partners with hundreds of top UK companies through our electric car salary sacrifice scheme, helping their teams switch to electric cars as part of their employee benefits package. With salary sacrifice, employees pay for their brand new car through their gross salary, giving them big savings on the best electric makes and models on the market.
Supporting their Environmental, Social and Governance (ESG) Goals
Many businesses are looking for ways to support the Race to Net Zero campaign following the COP26 Climate Summit in Glasgow last year.
Octopus EV is a 100% electric car salary sacrifice scheme so they give companies a practical way to encourage employees to reduce their carbon emissions.
Keith Greenfield, CEO of Wightlink, explained why he chose Octopus EVs' salary sacrifice scheme over one that offers hybrid, petrol, or diesel cars.
“It's important that our customers know that we're very environmentally conscious and we're doing everything we can to decarbonise. I really don’t think hybrids are going to make much of a contribution to that effort, I think it has to be electric.”
Octopus EV don’t offer hybrids and fuel cars because they’re bad for the environment. In fact, many drivers regret buying a hybrid over an electric car.
Attracting, keeping and engaging a great team
Having a range of employee perks and benefits is a great way to attract top talent into your business and a great way to reward hard-working team members.
Research by the Employee Benefits Research Institute shows 78% of employees say that employee benefits are very or extremely important in their decision to accept or reject a job. One Medical found that 69% of employees would choose one job over another if it offered better benefits, and Willis Tower Watson found that 75% of employees are more likely to stay with their employer because of their employee benefits package.
Having a wide range of different benefits appeals to different people within your organisation and shows your team that you care about them and their needs.
Ben Stevenson, Chief of Staff at Bloom Procurement Services, explained how employee benefits are an important part of their hiring strategies.
“It’s important for us to attract and retain good talent, and part of that is having a comprehensive benefits package that will appeal to potential employees. I think it’s important to have a varied mix of benefits to appeal to different people. We like the fact that this scheme is environmentally focused and will appeal to people who are passionate about decarbonisation and climate change.”
Electric cars are literally tech on wheels. One of the major benefits of driving electric is that electric cars are loads of fun! We run test drive days for teams that sign up to our salary sacrifice scheme so employees can get first-hand experience of driving an electric car.
Showing your business is future-thinking
Octopus EV is accelerating the transition from petrol and diesel to electric cars, which is central to moving us towards a greener economy. Working together with like-minded companies, they’re actively supporting the decarbonisation of transport. This forward-thinking vision for a greener future is a value they share with the companies that are part of our salary sacrifice scheme.
Companies they work with believe that electric cars are for everyone, not just for the early adopters. With new ways to access brand new electric cars through different financing options, like salary sacrifice, we can help them support more people to make the switch to electric. The companies they work with want to make faster moves towards a greener, fairer future with us.
Neil Clark, Planet Officer at TPXImpact explained how this alignment influenced their decision to work with Octopus Electric Vehicles.
“From my perspective as Planet Officer, I was very keen that we use a company that only offers Electric Vehicles, rather than hybrids or Internal Combustion Engine (ICE) cars. We don’t want to work with a leasing company that offers ICE vehicles and then politely ask employees to please choose an electric car. A lot of people won’t, so that’s not right for us. We really want to push the boundaries on reducing our carbon footprint so working with Octopus Electric Vehicles was the ideal company to partner with.”
The benefits of EV salary sacrifice for your team
Through the Octopus EV salary sacrifice scheme, employees can take their pick from every EV make and model on the market paid for out of their gross salary, making savings of up to 40% on a brand new vehicle.
Their team are electric car specialists. They live and breathe electric cars, perfectly placed to make sure your team have a great experience and get an electric car that perfectly suits their needs.
They offer everything that your team need to hit the road in their new electric car including charger, energy, insurance, servicing, maintenance, breakdown and tyres. The lot.
They’ve got an amazing Trustpilot score of 4.9* so companies we work with rest assured that the services we provide reflect well on them as an employer.
If you’re ready to help your team make the switch to electric to support your ESG goals, recruitment and retention and move us all towards a greener, fairer future you can sign up for our salary sacrifice scheme at zero cost.
