School’s Out: Octopus Electric Vehicles customers get exclusive discounted EV charging rate in time for holiday travel

• ‘Intelligent Octopus Go - EV Saver’ tariff offers Octopus EV customers 6p per kWh off-peak rate
• Drivers can save more than £1,000 every year on fuelling costs compared to a petrol car
• Holiday drivers can travel from London to Cornwall for under £5

London, 22nd July, 2024 - Octopus Electric Vehicles (Octopus EV), the UK’s largest EV-only lease company, has launched an exclusive discounted energy tariff for their EV leasing customers in time for the school holidays, putting more cash in customer’s pockets to enjoy summer holiday fun.

‘Intelligent Octopus Go - EV Saver’ is offered through sister company Octopus Energy, and provides a discounted off-peak rate of just 6p per kWh exclusively for Octopus EV customers - saving an average driver roughly £1,076 per year versus fueling a petrol car.

The discounted tariff comes just in time for families to get cheap energy for their school summer holidays. An average EV on the EV Saver tariff could travel from London to Cornwall for under £5 - compared to roughly £30 in a petrol car - less than the cost of a coffee and pastry on the journey.

The new tariff is a cheaper version of the UK’s most popular EV tariff - ‘Intelligent Octopus Go’ - which has more than 160,000 customers and manages well over 1GW of shiftable electricity, the UKs largest virtual power plant.

EV charging is not only cheaper, it’s also easier than fuelling a fossil fuel car. Customers can use the Octopus Energy app to set the time they want their vehicle ready and what the level of charge should be. Octopus’ tech platform, Kraken, then works in the background to charge up when the grid is greenest.

Market share of pure electric EVs is nearing 20%* - with over one million satisfied battery-only car drivers on UK roads. By 2028 industry experts predict that figure will increase by 500,000 units every year **. Drivers have more cars than ever to choose from, with Octopus EV offering more than 80 models across 33 manufacturers.

Fiona Howarth, CEO of Octopus Electric Vehicles, commented: “Too often we only focus on the sticker price of an electric car, and forget the huge ‘fuel’ savings to be made [when on the right tariff]. What’s more, outright prices of new models entering the market are coming down, with consumer choice ramping up.

“With school holidays upon us, and many of us making some of the longer trips we’ll take this year, our drivers can get away knowing they’ve got the best value tariff around.”

Octopus EV has grown to become the largest EV-only lease provider in the UK, with more than 19,000 cars on the road. Octopus’ all-in-one service provides drivers with everything they need to take the road: a leased car, charger, charging tariff and access to public charging through Octopus Electroverse.

For more information on the Intelligent Octopus Go - EV Saver tariff, customers can visit the Octopus EV website.

-Ends-

Notes to editors:

*New AutoMotive, June 2024

** Statista - Electric Vehicles UK

Press Contact

Octopus Energy:

Sam Salehi

sam.salehi@octoenergy.com

0204 5308 369

Octopus Electric Vehicles:

Octopus Electric Vehicles, part of the Octopus Energy Group, was launched in 2018 to make it easy for drivers to make that switch to clean, electric transport. With over 85 electric cars now available from 28 different brands, Octopus Electric Vehicles’ team provides everything drivers need to take the road in a new EV.

Offering an all-in-one service, Octopus lease the cars, install charge points, provide specialist EV energy tariffs, and offer access to over 600,000 public charge points across Europe via Octopus Electroverse All with a 5* rating on Trustpilot.

Octopus Electric Vehicles also specialises in salary sacrifice schemes - an employee benefit that makes driving a brand new electric car cheaper than the petrol or diesel equivalent through tax savings. Placing customer experience first, Octopus Electric Vehicles has designed the scheme to be simple for an employer to set up and run, and support them at every step. Drivers typically save between 30-40% every month on the cost of their EV; and at zero-cost for an employer to set up, it’s great for their team, their hiring and retention, and for their sustainability goals.

More information can be found at www.octopusev.com

About Octopus Energy Group:

Octopus Energy is a global clean energy tech business, driving the affordable, green energy system of the future. Under its own retail brand, Octopus delivers world-class customer service and cutting edge energy products to 7.9 million households globally. Its operations span 18 countries and the entire energy value chain. The group invests in, builds and flexibly manages renewable energy, operating a £7 billion portfolio of projects.

Octopus has licensed its advanced data and machine learning platform, Kraken, to support over 54 million customer accounts worldwide through licensing deals with companies such as EDF, E.ON and Origin Energy. Kraken enables Octopus to drive the electrification of heat and transport through smart tariffs and innovative cleantech. Backed by pension funds, investors and energy giants, Octopus Energy Group businesses deliver cheaper, greener energy and cutting-edge tech to countries and customers worldwide. For more information, check out our website.