Octopus launches salary sacrifice scheme for used EVs

A salary sacrifice scheme for second-hand electric vehicles (EVs) has been launched by Octopus Electric Vehicles.

Octopus’ ‘Nearly New’ salary sacrifice offering aims to make EVs more accessible to the mass market.

Drivers are able to access an electric Renault Zoe, Peugeot e-208 and Vauxhall Mokka-e for roughly £300 a month, including fuel, insurance and maintenance costs. 

The used scheme builds on the salary sacrifice scheme it launched for new EVs in 2021, which is now being used by more than 3,500 companies.

Fiona Howarth, CEO of Octopus Electric Vehicles, said: “Used cars make up more than four out of five car sales in the UK, and so to reach net zero transport, we need to build a strong second-hand market for electric cars.

“As with all tech, the early models are expensive but with a growing fleet of second hand cars, you can now run one of these high tech, green, fun cars for half the price of an old school gas guzzler.” 

All of the cars on offer are less than two years old and have been fully serviced.

“Leasing for EVs is an attractive option for people looking to go electric, allowing drivers to switch to the latest tech every few years and take advantage of low fuel costs,” continued Howarth.

“Very few of our drivers ever look back, and now going electric is even more affordable, opening it up to more drivers that may not have previously considered it.”

Octopus’ used scheme comes in the wake of electric car salary sacrifice provider, Loveelectric.cars, launching Re-loveelectric, its used EV salary sacrifice scheme, in April. 

This summer, Octopus Electric Vehicles announced that it has reached £650 million of electric car funding to further support its salary sacrifice offering.