Driving Towards a Sustainable Future with Beyond Procurement and Octopus EV – Beyond Procurement
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Driving Towards a Sustainable Future with Beyond Procurement and Octopus EV

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Cost Savings:

– Tax efficiency: payments are taken before income tax, and employees can save up to 40% on their repayments.

– Running costs: EVs are generally cheaper to run.

– Easy for an employee to administer.

Environmental Benefits:

– Reduced carbon emissions: electric vehicles produce zero tailpipe emissions when running on electricity.

– Promotion of sustainable transport: by encouraging the adoption of electric vehicles, the scheme supports the transition to cleaner and more sustainable modes of transportation.

– Adoption of renewable energy: increased demand for electric vehicles can drive investment in renewable energy sources, such as wind and solar power, which are often used to charge EVs.

In a time when environmental consciousness meets innovative business solutions, we have joined forces with Octopus EV to revolutionise the corporate landscape. Our collaborative effort tackles the challenges of cost reduction and steers businesses towards a sustainable future through the adoption of electric vehicles.

Electric vehicles (EVs) are at the forefront of sustainable transportation, and the benefits are numerous. Not only do they contribute to a significant reduction in carbon emissions, but they also align with various government incentives. There is much to gain through switching from diesel and petrol vehicles, both of which will be unable to be sold new from 2035.  On average, EV cars cost £9.70 less than petrol cars to drive 100 miles, particularly during off-peak hours, and they reduce greenhouse gas emissions and noise pollution.

At Beyond Procurement, we have carefully chosen a list of suppliers who, by working with, will reduce your business’s carbon footprint whilst increasing company value. One of these is Octopus EV, part of Octopus Energy, a company that is on a mission to help more people get behind the wheel of an EV and move away from polluting fuel-powered cars. By signing up with us for one of our tailored cost and carbon reduction models, such as Beyond 2030, your business will get complete access to all of our brilliant suppliers.

Octopus EV works within the government salary sacrifice scheme, whereby switching from diesel and petrol vehicles, your employees will save up to 40% off the cost of an electric car. This scheme involves employees sacrificing a portion of their gross salary annually, in order to get an EV of their choice as well as a comprehensive vehicle care package. Employers benefit from a cost neutral set-up, protection in case of employee turnover, parental leave, and long-term sick allowances. As an employer, you will not have to worry about this scheme costing you any money at all!

One of our clients, The Network Collective, has recently experienced the benefits of being introduced to Octopus EV and implementing a salary sacrifice scheme and has already seen many positive impacts on their business. Since the introduction of the scheme, 30% of employees have opted to participate, showcasing a significant uptake of sustainable transportation options within the workforce. This not only reduces individual carbon footprints but also aligns with corporate sustainability.

Lizzie Waterhouse, Director of Internal Operations, shared her thoughts: “From my perspective as an administrator, we find the scheme very easy to set up and straightforward to use. The documentation is clear and very transparent about the cost breakdown, and the figures for HMRC and payroll are made distinct and easy to access. We have found the scheme is very appealing to employees with significant take up and largely positive feedback. On the whole, we feel really positive about offering an EV salary sacrifice scheme, as it has no cost to the company, minimal administrative overhead for us, and is very popular with our employees. It makes electric vehicles accessible to people who might not otherwise be able to afford one, and this also has a wider positive environmental Impact.”

The success story of Beyond Procurement and Octopus EV’s partnership, as shown by Network Collective’s experience, emphasises the transformative potential of sustainable business practices. By introducing innovative solutions, like the EV salary sacrifice scheme, these companies are not only reducing their carbon footprint while paying no money but also creating a culture of environmental awareness and action.

Contact our consultants at Beyond Procurement today to take the first step on your journey towards net zero!