WorkLife by OpenMoney, the employee benefits platform, has partnered with Octopus Electric Vehicles (Octopus EV) to create an affordable electric vehicle leasing scheme for workers.
The all-in-one offering called ‘Electric Dreams’ will be tested with a small number of employers before being made available to all WorkLife customers later this year. Employees will be able to lease an electric vehicle of their choice through a salary sacrifice arrangement as part of the scheme, as well as receive comprehensive motor insurance, roadside assistance, servicing, and ongoing maintenance.
In addition, any orders placed on the scheme before the end of April 2022 will receive free charging point installation as well as preferential rates on electricity tariffs, allowing for efficient home charging.
Octopus EV from Octopus Energy Group assists employers and employees alike in transitioning to clean, green transportation. It aims to provide a hassle-free scheme by delivering all of the services drivers may require at a lower cost than traditional personal leasing arrangements by collaborating with market-leading partners.
According to WorkLife, there are five key pillars to an employee’s overall well-being: financial, mental, physical, social, and environmental. The collaboration aims to assist employers in further addressing the environmental pillar and supporting employees in leading a more sustainable lifestyle.
WorkLife by OpenMoney head of product & proposition Rob Marshall says: “Demand for electric vehicles has skyrocketed over the past couple of years as more people recognise the need for us all to become that bit more climate-conscious. It was therefore extremely important for us to find a way of helping businesses of all sizes to facilitate a cost-effective means for their employees to take advantage of greener methods of transport.
“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.”
Octopus Electric Vehicles head of propositions Natalia Peralta Silverstone says: “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. If just 10 per cent of the UK’s employees switched to electric, we could decimate the CO2 emissions of cars, while collectively saving billions of pounds per year.
“We know that the five pillars to wellbeing are hugely important to the team at WorkLife, and the desire to achieve more positive environmental wellbeing particularly resonated with the team at Octopus Electric Vehicles too. 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.”
The post WorkLife by OpenMoney partners with Octopus appeared first on Corporate Adviser.
