Tag: Octopus EV

Octopus EV to absorb new EV road tax for existing lease customers

Stuart Mitchell

Octopus Electric Vehicles (‘Octopus EV’) has announced it will cover the new pay-per-mile tax for all existing customers – meaning no extra charges for drivers who have already made the switch to electric. The tax, which was announced in the Autumn Budget 2025, will introduce a 3p per-mile charge for electric vehicles. It is supposed to come into effect in April 2028 and is designed to replace fuel-duty revenue as more drivers move away from petrol and diesel. Customers currently on an Octopus EV lease, who completed an order by…

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Octopus EV and Mastercard team up to supercharge UK businesses’ transition to EVs

Stuart Mitchell

Octopus Electric Vehicles (‘Octopus EV’), the UK’s leading 100% electric vehicle (‘EV’) leasing company, is teaming up with Mastercard to enable small businesses to benefit from its salary sacrifice scheme, which helps businesses and employees switch to electric vehicles.   Through the Mastercard Business Bonus programme, small business cardholders can sign up to Octopus EV’s innovative salary sacrifice scheme and offer their employees an additional £100 charging credit when ordering an electric car.  Salary sacrifice allows employees to lease new or nearly new EVs by sacrificing part of their pre-tax salary, unlocking savings of…

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