As the first energy retailer to lease EVs to customers, Octopus Energy is accelerating access to EVs and smart charging for Texans amid the global transition to electrification
HOUSTON – Octopus Energy U.S. announced today the launch of Octopus Electric Vehicles (OEV), its new business line that will accelerate accessibility and adoption of electric vehicles and smart charging. OEV’s inaugural product is EV Concierge, the first-ever demand response EV leasing plan offered by an energy retailer. With EV Concierge, Octopus Energy will not only help customers lease an EV of their choice but also seamlessly integrate smart charging and billing into their existing energy plan. This will make it easier than ever for customers to go green and save money on their energy bills
New and existing customers living in Texas are invited to apply for the beta leasing program at octoev.us. The Octopus Concierge team will provide qualifying customers white-glove service, helping soon-to-be EV drivers through the entire search and vehicle leasing process, including selection and delivery of a new or used EV of their choice, installation of an EV home charger, and education on the best practices for EV ownership.
“Interest in electric vehicles is at an all-time high. With Texas as the third-largest market for EVs, and a global leader in energy, we will be positioned to help customers realize vehicle and energy savings all on one bill,” said Chris George, Director of U.S. Octopus Electric Vehicles. “As fossil fuel continues to be impacted by inflation, it’s never made more sense to get an EV paired with smart charging to extract the lowest-priced energy from the grid. EV Concierge will ensure that new EVs enter our state optimized to create a more reliable, clean, and affordable energy system.”
The EV Concierge program’s Intelligent Octopus feature allows customers to access power at cheaper, greener times – while also helping to stabilize the grid. Powered by Octopus Energy’s proprietary Kraken technology platform, which uses data and machine learning to automate most of the energy supply chain, customers who lease an EV and use a smart thermostat with Intelligent Octopus will be able to take advantage of a new, discounted energy plan that launches this summer. This reduced rate plan will be 20% to 30% lower than the average 12-month energy plan in Texas today.
Since its launch in the UK in 2018, OEV has become a one-stop-shop for EV leasing, home charge points, specialist EV energy tariffs, and access to over 250,000 public charge points across Europe. Its most popular product is EV Salary Sacrifice, which has allowed 1,500 businesses to switch their employees to electric vehicles with significant discounts of 30% or more.
