OCTOPUS ELECTRIC VEHICLES

Octopus Energy Electric Vehicles
Octopus Electric Vehicles was launched in 2017 and offers expert advice on car financing and maintenance, home charge point installation, EV tariffs and can also help in purchasing your electric vehicle. Octopus Electric Vehicles is not tied to any specific car manufacturer, so offers a wide range of vehicles from the likes of BMW, Audi, Nissan, Hyundai, Volvo, Porsche, VW, Jaguar, Tesla and Mercedes, thereby providing impartial advice based on a customer's needs, not their own. The company aims to reduce the cost of switching to and using an EV by offering a bundle of vehicle, electricity tariff and charging solution.

Octopus Electric Vehicle Leasing

Vehicle leasing can be done either as an individual, which is known as personal contract hire, or by a business, known as business contract hire. When leasing a car as an individual you agree to pay a monthly fee over a defined period of time for use of that vehicle. You aren't required to pay a large deposit, which means leasing can be a cost-effective way of driving a brand-new EV. As an employee, salary sacrifice enables you to pay for the vehicle from your gross (pre-tax) monthly pay and so effectively reduce your salary and therefore pay less income tax and national insurance. This can save you up to 40% on the cost of an electric vehicle. When the leasing term is finished, the car is given back and you can upgrade to a newer vehicle. Intelligent EV is the Octopus personal leasing product for individuals.

Business Contract Hire

Business contract hire is the quickest and easiest way for small companies to switch to electric vehicles, whether you're a small business paying yourself through dividends, or looking to move a small company car fleet to electric. With Octopus Electric Vehicles, your business contract hire is a complete package: including car, charger, energy, servicing, maintenance, breakdown and tyres. You'll benefit from ultra-low EV Benefit-in-Kind tax of just 2% and if you're VAT registered you can claim back half of the VAT on your monthly lease payment.


With Intelligent EV you'll save money on charging with discounts on the Electroverse public charging app and specialist Octopus home EV tariffs. You also get £500 off heat pumps and solar panels from Octopus Energy as an Intelligent EV customer. For your EV electricity tariff you can choose from innovative time-of-use tariffs like Octopus Go, Agile Octopus and Intelligent Octopus Go. When your lease expires you simply return the EV and Octopus will sort the rest. Zero hassle and no residual value risk.    


For more information you can check out the official website: Octopus Electric Vehicles.

Power Pack Bundle

Launching later this year, the Power Pack Bundle is brought to you by Octopus, Zaptec and BYD, who have joined forces to help EV drivers unlock the full potential of Vehicle-to-Grid (V2G) technology. Your monthly payment will include a BYD Dolphin on lease (enabled with V2G so you can export energy back to the grid), a V2G-enabled Zaptec Pro charger and free home charging for the duration of your lease with Octopus Energy, subject to annual mileage limits. Service, maintenance and repairs are included.


You'll need to be an Octopus Energy customer or be willing to switch (see below for my £75 Octopus referral link), have a G99 licence to send power back to the grid (it can take up to 12 weeks for approval and isn't guaranteed) and be willing to plug in your EV for around 12 hours a day for 20 days per month. Octopus reckon a V2G driver could save up to a massive £620 per year compared with charging at home on a standard variable home energy tariff. To find out more, check your eligibility and join the waiting list, head to the Power Pack Bundle webpage.

Octopus Electric Vehicles £50 Referral Code

Once you've taken on a lease from Octopus EV, you will be given your own unique Octopus Electric Vehicles referral code which you can share with your family, friends and colleagues for £50 Electroverse charging credit each. You can refer as many people as you like and this can be for personal leases, business contract hire or through salary sacrifice. Rewards are arranged when the EV is delivered, via an emailed credit code which can be redeemed on the Electroverse website or the app.


Use a referral code via the OEV website form when getting your quote emailed or provide it directly to the OEV team. If the latter, please make sure you give them the referral code when first discussing vehicle options with them. As a referrer you can't refer someone who is already an Octopus Electric Vehicles customer or who has already interacted with OEV staff. Referral rewards are valid for one year.


Update: Octopus are sunsetting the current referral scheme, so no new referral codes are being given out to customers at this time.

My £75 Octopus Energy Referral Link

If switching to Octopus Energy, don't forget to use my Octopus referral code to receive £50 free credit when your switch completes and you've made your first payment. You'll also receive £25 extra from me, payable via your choice of PayPal, bank transfer or Amazon gift card. That's £75 in total switch rewards. Just submit my contact form to confirm you've used my referral link and let me know how you'd like your extra £25 paid!

Octopus Electric Vehicles
Octopus Referral Code