Octopus EV and Mastercard offer SMEs salary sacrifice scheme

Mastercard business cardholders now have access to Octopus Electric Vehicles’ salary sacrifice car scheme.

Through Mastercard’s Business Bonus programme, small businesses can offer their employees new or used electric vehicles (EVs) leased via Octopus’ salary sacrifice scheme.

The scheme enables businesses to provide an employee benefit while reducing carbon footprint.

Salary sacrifice schemes can save employees up to 40% on monthly car costs.

Darren Deal, senior vice president of fintech, government and digital partnerships at Mastercard, said: “It’s great to team up with Octopus EV to help our small business cardholders access more sustainable travel alternatives.

“Through our Business Bonus programme, Mastercard collaborates with trusted partners to deliver innovative, tailored, solutions that help businesses grow, and this is a prime example of that.”

Employees will also receive £100 EV charging credit when they order a car through the scheme.

Octopus reported that 96% of EV drivers are happy with their vehicles.