Octopus Energy has formalized an agreement to lease an initial fleet of 200 electric vehicles (EVs) from Fisker, marking the commencement of a long-term partnership between the two companies. Octopus Electric Vehicles, a unit of Octopus Energy, has positioned itself as a pioneer by becoming the first lease provider in the UK to introduce the Fisker Ocean SUV to its portfolio.
The leasing options, available to clients and staff, encompass various schemes such as salary sacrifice for tax savings, business contract hire, and personal leasing. Although specific rates have not been disclosed, Octopus Electric Vehicles emphasizes the inclusion of the vehicle, charge point installation, and specialized EV energy tariffs in its leasing packages.
With a diverse offering of 85 electric cars from 28 different brands, Octopus Electric Vehicles asserts its coverage of every available EV model in the UK. The unit boasts collaboration with over 3,900 businesses, facilitating the transition of 11,000 drivers to electric vehicles.
Notably, Fisker drivers entering into agreements with Octopus Energy will have access to the “Intelligent Octopus Go” tariff, featuring six hours of off-peak charging at a cost of 7.5p per kWh daily. This flexible charging approach allows drivers to choose the time and desired amount of charge, aligning with Octopus Energy's commitment to optimizing charging times for grid efficiency. The company estimates potential savings of up to £600 annually for an average driver compared to standard variable tariffs.
Commenting on the collaboration, Oliver Boots, Chief Operating Officer at Octopus Electric Vehicles, expressed enthusiasm for new entrants in the electric vehicle market, emphasizing the positive impact on choice, cost reduction, and the transition to fully electric roads. Meanwhile, Fisker's Ocean SUV, available in select European countries since May, is produced at Magna in Austria. However, Fisker has revised its production forecast downward multiple times in 2023, citing an expected output of 13,000 to 17,000 vehicles for the year, approximately 30% of the initial capacity.