What is Electric Dreams Salary Sacrifice?
Electric Dreams is like the cycle to work scheme, but for electric cars.
As the employer you lease the car on behalf of your employee. Your team member gets to drive a brand-new electric car using part of their gross salary - making savings on income tax and national insurance. They will pay some company car tax (Benefit in Kind) but the rates for electric cars are extremely low until 2025.**
It’s win, win. You get to supercharge your employee benefits package and your team is happy making huge savings.
It costs you zero to set up and is easy to run. No catch. Just great value. And yes, it’s open to businesses of all shapes and sizes.
Brand new-electric car
Choose from the latest zero-tailpipe emission cars and start saving £££s today.
Free Home charge point
Octopus Energy Services will install a free smart home charger if you have off street parking.****
Maintenance, tyres, road tax, MOT, AA breakdown all included plus optional insurance.***
Free electric miles
Switch to Octopus Energy at home to get 8,000 miles free home charge or 5,000 miles public charge on the Electric Juice Network + £50 home credit.*****
Dazzling 5 star service
Dedicated support team rated 5 stars for customer service on Trustpilot.
No surprise bills
A generous £500 hassle-free end of contract damage waiver makes it easier to exchange your car for a new one.
Gives your benefits package a boost
Woo new recruits - incentivise better performance and improve retention.
Costs nothing to set up and is easy to run
We’ll help you at every step from set-up to launch - to payroll and invoicing.
Lowers your National Insurance bill
Your business also saves on national insurance - which many opt to put back into the scheme.
Helps you meet your sustainability goals
Cut your corporate carbon footprint with zero-emission miles.
Cut air pollution in your community
Get on board with Ultra Low Emission and Clean Air Zones now.
Protection for your business
Generous terms for leavers and life events help minimise risk.
What our customers say
Being able to offer something that promotes cleaner transport has been a real benefit to helping our team live our mission of a more sustainable world – they are amazed at what a brilliant deal this is.
James McCaster, CEO at Huel
How does it work?
We’ve made our sign up, credit and contracts incredibly easy and support you every step of the way.
We'll help you design your launch and build excitement with everything from emails, webinars to drive days.
Our EV experts help with everything from car choice to delivery, energy tariffs and charging at home and away.
Account managers to keep everything on track. And aftercare support if your team has an issue or a bump (we hope they don’t).
*Savings achieved through a combination of reduced income tax and national insurance.
**Benefit in kind (BiK) is the percentage charge applied to calculate an employee’s company car tax. It’s directly linked with a vehicle's CO2 emissions. BiK for electric vehicles is 1% for 2021/22, rising to 2% until 2025. Petrol and diesel cars are taxed at higher BiK rates - up to 37%.
***Subject to availability and eligibility. T&Cs apply. Insurance optional.
****Valid for cars ordered in 2021. Smart charger of our choice, including a standard installation - https://octopus.energy/services/standard-ev-install/ - and assumes £350 Government Grant.
*****8,000 miles received in the form of credit to your Octopus Energy account when you switch to the Octopus Go tariff on delivery of your car. Please note that this is calculated based on charging your car during the off-peak window (at 5p kWh this is £100 of credit). Available on PCH, BCH and selected Salary Sacrifice deals. Octopus Electric Vehicles reserves the right to stop this promotion at any time. The calculation for the 8,000 free miles; on average it takes 1 kWh of energy to travel 4 miles. 8000 miles is therefore 2000 kWh of energy. On Octopus Go it's 5p per kWh during off peak charge time, hence it's £100 to use 2000 kWh of energy. Valid for cars ordered in 2021. Smart charger of our choice, including a standard installation - https://octopus.energy/services/standard-ev-install/ - and assumes £350 Government Grant.
£25 per fuel (gas & electricity). 5000 miles of public charging is based on an avg. daily mileage of 20 miles, 250 working days a year and an avg. cost of electricity of 30p kWh & a 4p/mile efficiency = £375 ex VAT received in the form of credit on your Electric Juice Network account. Valid for cars ordered in 2021.