Provider comparison
Octopus EV vs Tusker
Side-by-side comparison from the PerkIQ directory. Cover, pricing, regulator status, and fit at a glance.
Octopus EV and Tusker are two of the most recognised names in UK electric car salary sacrifice, but they approach it from different angles. Octopus EV is the salary sacrifice arm of a renewable energy group, building a home-charging and energy ecosystem around the car. Tusker is one of the longest-running car salary sacrifice specialists, now backed by Lloyds Banking Group.
- Full EV range. New and nearly-new electric vehicles across the major makes and models on the UK market.
- Home charging bundled. Free Ohme home charger and installation, or a choice of 4,000 free charging miles via the Electroverse network.
- All-inclusive lease. Insurance for the employee and a named partner, servicing, maintenance, tyres and breakdown cover in one monthly figure.
- Early-termination protection. Cover for a range of life events so the employer is protected if an employee can no longer continue the lease.
- Renewable energy ecosystem. Links to Octopus Energy tariffs and the Electroverse public charging app for a joined-up EV experience.
- All-inclusive lease. Fully comprehensive insurance for employee and partner, maintenance, breakdown, MOT, road tax and replacement tyres in one monthly cost.
- Lifestyle Protection. Early-termination protection covering events such as redundancy, long-term illness and parental leave, after a qualifying period.
- Broad vehicle range. New electric and plug-in hybrid vehicles across the major manufacturers.
- Employer and employee portals. Online management for HR and a self-serve quote and order experience for staff.
- Sustainability-focused employers wanting a benefit aligned with net zero and renewable energy
- Employees with home charging: the bundled charger and energy links deliver most value to drivers who can charge at home
- SMEs through to large institutions: the scheme scales from small teams to embedded, white-label programmes
- Employees without off-street parking: home charging is central to the proposition, so on-street-only drivers see less benefit
- Mid-market and enterprise employers wanting an established provider with financial backing
- Risk-conscious organisations: Lloyds Banking Group ownership offers reassurance on scheme stability
- Micro businesses: the scheme is better suited to organisations with a reasonable number of participating employees
Free for the employer to set up and run. The cost is met by the employee through salary sacrifice, and the employer can save on National Insurance.
The monthly cost to the employee depends on the vehicle, term and mileage, offset by income tax and National Insurance savings via the low EV benefit-in-kind rate.
Savings depend on individual salary and the vehicle chosen; obtain a quote via Octopus EV.
Free for the employer to set up and run, funded by employee salary sacrifice, with employer National Insurance savings.
Employee monthly cost varies by vehicle, term and mileage; obtain a quote via Tusker.
- FCA authorised
- Octopus Energy Group company
- 7,000+ UK businesses
- Free Ohme home charger included
- Electroverse charging network
- Founded 2018, London
- FCA authorised
- Owned by Lloyds Banking Group (2023)
- Salary sacrifice since 2008
- Lifestyle Protection cover
- Carbon-offset scheme
- HQ Watford
Which should you choose?
Choose Octopus EV if home charging and renewable energy matter to your workforce. The free Ohme charger, Electroverse network access and links to Octopus Energy tariffs make it the most joined-up option for drivers who can charge at home, and the group's B Corp credentials suit sustainability-led employers.
Choose Tusker if you want the reassurance of a long-established, financially-backed provider. With salary sacrifice running since 2008 and Lloyds Banking Group ownership, it is a proven choice for mid-market and larger employers, with Lifestyle Protection cover built in.
Both are free for the employer to run and cover insurance, maintenance and breakdown. The decision usually comes down to whether the Octopus charging ecosystem is a meaningful draw for your people, or whether established scale and financial backing matter more.
Pick the right one with data, not a sales pitch
Score your benefits stack with PerkIQ and you'll see which of these (or another provider entirely) closes the biggest gaps for your team.
Information on this page is editorial, gathered from public sources and the providers' own materials, and does not constitute financial advice or a recommendation. For a quote, contact each provider directly or speak to an FCA-authorised broker. PerkIQ is not a reseller and earns no commission on provider sign-ups.
