WorkLife by OpenMoney, the employee benefits platform, has teamed up with Octopus Electric Vehicles (Octopus EV) to add an electric vehicle leasing program to their online platform.
The all-in-one offer, entitled “Electric Dreams”, will first be tested with a handful of employers before it will be introduced to all WorkLife customers later in the year. As part of the program, employees can lease an electric vehicle of their choice under a wage waiver agreement, as well as receive comprehensive vehicle insurance, breakdown assistance, service and ongoing maintenance.
In addition, all orders received in the program by the end of April 2022 will receive free charging point installation and preferential tariffs on electricity tariffs to enable efficient charging at home.
Octopus Energy Group’s Octopus EV is helping employers and employees alike make the transition to clean, environmentally friendly transportation. Working with market-leading partners, the aim is to provide a hassle-free program by providing all the services drivers may need at a lower cost than traditional personal leasing arrangements.
WorkLife regards the general well-being of an employee as five essential pillars – financial, mental, physical, social and environmental. The aim of the merger is to help employers take the environmental pillar further and support workers to lead a more sustainable lifestyle.
Rob Marshall, Head of Product & Proposition at WorkLife by OpenMoney said: “The demand for electric vehicles has skyrocketed in recent years as more and more people are realizing that we all need to become a bit more climate-conscious. So it was extremely important for us to find a way to help companies of all sizes offer their employees a cost-effective way to use greener modes of transport.
“Aside from the obvious environmental benefits, electric vehicle leasing programs can deliver significant cost savings through fuel and social security contributions for employees. Octopus EV is a true leader in cutting-edge electrical technology, so we are proud to be working with them on this program and look forward to doing our part in helping people transition to more climate-friendly lifestyles. “
Natalia Peralta Silverstone, Head of Propositions at Octopus Electric Vehicles, says: “Our EV wage waiver program is a zero-cost tool that helps companies fight climate change while delivering great value to their employees. If only 10% of UK workers switched to electric, we could decimate carbon emissions from cars while saving billions of pounds a year.
“We know that the five pillars of wellbeing are hugely important to the WorkLife team, and the desire to achieve a more positive environmental awareness was also well received by the Octopus Electric Vehicles team. We are very excited to be working with WorkLife to support their environmental goals through Electric Dreams and it is fantastic to see platforms like this support the green revolution and help their customers switch to electric propulsion and lead a more sustainable lifestyle . “
