Millions of drivers can join the Octopus Electric Vehicles revolution - in UK and US

• Octopus Electric Vehicles launches ‘ultimate’ EV package
• Package combines a new EV with smartest charging solution
• Electric Vehicle disruptor sets up in US with concierge service offering
• Customers will save money and help balance the grid thanks to innovative smart tariffs and tech

London, 6 July 2022 - Octopus Electric Vehicles has launched an all-you-need EV package that provides drivers with the car, charger and tariff - and is bringing it to the US too.

The Electric Vehicle disruptor - part of the Octopus Energy Group - has opened up its electric car offering to millions of new drivers in the UK and the States, where it is setting up a second country base.

The new personal electric vehicle (EV) package follows the success of Octopus Electric Vehicles’ salary sacrifice scheme, to which 1,500 businesses have signed up in the last 15 months.

It will guide customers through the whole experience, drawing on the service that has seen Octopus Electric Vehicles receive a five-star Trustpilot rating* - the best in the industry.

EV experts will help drivers pick the right car, answer any questions and guide them through the entire process. The Octopus team has also pre-ordered popular EVs to help drivers beat lead times.

In the UK, customers’ monthly bills cover the car, tyres, servicing, repair and breakdown assistance from The AA - everything they need to take to the road.

The offer also includes the smartest, greenest and cheapest home charging solution, combining Octopus’s innovative Intelligent Octopus tariff and a free Ohme Home Pro charger.

Drivers will receive 5,000 free miles on the tariff or, if they don’t have access to home charging, 5,000 free miles on Octopus’s public charging network, Electric Juice Network, with access to 250,000 chargers across Europe.

Intelligent Octopus is the UK’s first 100% flexible charging tariff, using Octopus’s energy flexibility platform - KrakenFlex - to optimise charging every day.

The green energy tariff has a low-cost window of 6 hours, during which the green electrons cost just 7.5p / kWh - between 23:30-05:30.

Intelligent Octopus is available for the first time today for all EVs with the Ohme Home Pro smart charger, which seamlessly works with KrakenFlex to optimise the charging to keep costs low and help balance the energy grid at the same time.

Over the course of a three-year lease period, an average driver on Intelligent Octopus with 5,000 free miles will save £3,775 on fuel costs compared to an equivalent petrol car.

The launch of Octopus Electric Vehicles US comes one year after Octopus Energy US landed in Houston to provide affordable, renewable energy to Texan homes.

Since then, its customer base has grown tenfold while the team has launched programs to reward customers who conserve energy and balance the grid when demand is high.

Fiona Howarth, CEO of Octopus Electric Vehicles, commented: “Demand for electric cars is soaring - driven by over 65 amazing cars from 28 manufacturers, low running costs and convenient charging at home and work. We’ve seen that they’re looking for experts that can offer the full EV package to guide them through their journey. With more EV models entering the market every month, and innovative tariffs like Intelligent Octopus making charging your car as easy as your phone, we only expect the transition to accelerate.

“We’re thrilled to be able to open up our ultimate EV package to millions of new customers both in the UK and the US. Our roads are transforming and we plan to lead from the front, making it easy for drivers to make the switch.”

David Watson, CEO of Ohme, commented: “We are delighted to be the only approved smart home charger for Octopus Electric Vehicles with this exciting new offering for future EV drivers.

“This new package makes it easy for motorists to make the switch to electric in a way that’s simple and hassle-free. With the car, Ohme Home Pro smart charger, EV energy tariff and 5000 miles of free charging all rolled into a single bundle, it’s a one-stop shop for drivers to make the switch to an electric vehicle.”

Octopus Electric Vehicles was launched in 2018 with a simple mission; to make it easy for drivers to switch to clean, electric transport. The business sits within the wider Octopus Energy Group, which is expanding rapidly having received $900m in funding over the last year, giving it a valuation of $5bn.

-ENDS-

Notes to editors:

* https://uk.trustpilot.com/review/www.octopusev.com

Press Contact

Sam Salehi

sam.salehi@octoenergy.com

0204 5308 369

About 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 65 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 250,000 public charge points across Europe via the Electric Juice Network. 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 30% or more 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