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Octopus partners NatWest for EV charger finance solution

Image: Octopus Energy.

Image: Octopus Energy.

Octopus Energy has partnered NatWest to offer electric vehicle (EV) charger financing to all of the latter’s personal, business and wealth customers.

The bundle includes discounted EV chargepoints, Octopus Energy’s Agile Octopus tariff and access to the Electric Juice network.

Electric Juice is a roaming service that allows customers to access public chargepoints across the country, with all costs appearing on their energy bill. It was launched in May 2020, with chargepoint operators such as char.gy and Osprey signed up to the service. It now has over 1,000 chargepoints connected.

Other benefits of the new financing solution include solar and battery technology to complement the core charging infrastructure offer, funding options for businesses and potential grid upgrades from NatWest, and access to fleet management software if required.

Octopus will also manage the process required to take advantage of applicable government grants, it said.

The energy supplier is heavily involved in the EV space through its Octopus Electric Vehicles brand, which has launched bundles with EO Charging in January 2020 and a fleet bundle with Ohme, Alfen and FLEETCOR the same month.

It also signed a partnership with Volkswagen to help ‘fast-track’ the adoption of EVs in the UK in September 2020. This deal sees Octopus offer 100% renewable energy to Volkswagen customers who have purchased an EV, including crediting their accounts up to £90.

Greg Jackson, CEO of Octopus Energy, said the supplier is "excited that NatWest has committed to promoting sustainable practices and will be joining us on this mission to green our roads".

"If more people and businesses realised the bonkers savings they could get and switched to an EV, the benefits it would have on our planet would be massive."

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