EV leasing company Octopus Electric Vehicles is teaming up with Mastercard to enable small businesses to benefit from its salary sacrifice scheme.
Through the Mastercard Business Bonus programme, small business cardholders can sign up to Octopus EV’s salary sacrifice scheme and offer their employees an additional £100 charging credit when ordering an electric car.
Salary sacrifice allows employees to lease new or nearly new EVs by sacrificing part of their pre-tax salary, unlocking savings of up to 40% on monthly car costs, Octopus says.
Fiona Howarth, Founder of Octopus Electric Vehicles, commented: “Salary sacrifice remains the cheapest way to drive a new EV. And the benefits are not just for drivers, but for their employers too.
“Companies can cut their emissions, retain staff and save money. By partnering with Mastercard, more businesses, of all sizes, can discover one of the most attractive employee benefits around right now.”
Darren Deal, Senior Vice President, Fintech, Government and Digital Partnerships at Mastercard, added: “Through our Business Bonus programme, Mastercard collaborates with trusted partners to deliver innovative, tailored, solutions that help businesses grow, and this is a prime example of that.”
In four years, Octopus has helped over 6,000 companies – including PepsiCo, Jacobs Douwe Egberts and TPX Impact – launch EV salary sacrifice schemes.
In addition, charging on Octopus Energy’s smart EV tariff, Intelligent Octopus Go, can save drivers up to £700 a year compared to diesel and petrol costs.
