OpenMoney has partnered with Octopus Electric Vehicles to add an EV leasing scheme onto one of its employee benefits platforms for workers.
The offering, entitled ‘Electric Dreams’, will be piloted among a handful of employers initially, before being rolled out to all customers on its WorkLife employee benefits platform later in the year.
As part of the scheme, employees will be able to lease an EV of their choice via a salary sacrifice arrangement, as well as receiving comprehensive motor insurance, roadside assistance, servicing, and ongoing maintenance.
Also, any orders placed on the scheme before the end of April 2022 will receive free charging point installation and preferential rates on electricity tariffs.
Rob Marshall, head of product & proposition at WorkLife by OpenMoney, said, “Aside from the obvious environmental benefits, electric vehicle lease schemes can create significant cost savings for employees through fuel and national insurance contributions, meaning they have become increasingly popular among firms wanting to help workers manage the rising cost of living.
“Octopus EV is a real leader in electric leader technology, so we are proud to be working with them on this scheme and look forward to playing our part in helping people transition to a more climate-friendly way of living.”
Natalia Peralta Silverstone, head of propositions at Octopus Electric Vehicles, added, “Our salary sacrifice scheme for electric vehicles is a zero-set-up cost tool to help businesses fight climate change whilst offering an excellent benefit to their employees.
“We are thrilled to partner with WorkLife to support their aims for the environment via Electric Dreams and it’s fantastic to see platforms like this one supporting the green revolution, helping their clients switch to drive electric and lead more sustainable lifestyles.”