THE leasing broker arm of energy supplier Octopus Energy has launched a salary sacrifice scheme. It’s called the Go Green Car Scheme.
Octopus Electric Vehicles says companies can help employees save an average 40% on driving new and environmentally friendly cars.
The launch of the scheme coincides with the change in benefit in kind rates for electric vehicles. These drop from 16% to 0% today (April 06, 2020).
According to Octopus EV, the Go Green Car Scheme can be easily implemented by businesses and requires minimal administrative work. Employees taking up the scheme have the vehicle, maintenance, roadside assistance and tyres bundled into the monthly rental.
Fiona Howarth, CEO of Octopus Electric Vehicles, said about the launch of Go Green:
“We are currently experiencing a climate crisis, and the transport industry needs a serious shake-up to help the UK reach net zero by 2050. Right now, it contributes a third of UK emissions – and the average UK car produces a shocking 1.6 tonnes of C02 a year.
“EVs aren’t just good for our planet, they’re unparalleled in their cheap running costs. Our scheme removes the initial barrier of a top-quality new car’s cost to ensure they’re accessible and extra-affordable.
“If you’re a business owner or employee, you can benefit from the new tax break to support a cleaner transport system – as well as a potential £7,000 saving. Not to forget that these cars are just incredible.”
Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.