Electric cars are already cheaper to run for many drivers, but Octopus Electric Vehicles reckons it has found another way to cut the cost of making the switch: paying for the insurance through salary sacrifice, as well as the car.
Salary sacrifice lets an employee give up part of their gross salary in exchange for a benefit, in this case an electric car. Because the payment comes out before income tax and National Insurance, it can make a new EV cheaper than a conventional lease or finance deal.
