Octopus Electric Vehicles launches salary sacrifice EV leasing scheme for businesses
The Tesla Model S is one of the EV models available on the scheme
Participants can save almost £14,500 through the scheme, which offers EV models from Tesla and Jaguar among others, Octopus Electric Vehicles claims
An electric vehicle (EV) version of the popular cycle-to-work scheme is being launched this week by Octopus Electric Vehicles, with participants expected to save an average of £14,445 over three years, the company claims.
Dubbed Electric Dreams, the new leasing service is designed to enable drivers to sacrifice some pre-tax salary in return for a brand new electric car. The savings are made possible by the low Benefit-in-Kind (BiK) tax rate on electric cars in the UK, which first came into force last year and is set at one per cent for the tax year 2021-22, and two per cent for the subsequent three years.