Octopus Energy has confirmed that certain households could save up to £730 a year on electric vehicle charging costs through its new FleetBoost scheme. The initiative, launched by Octopus Fleet, the motoring division of the energy supplier, aims to reduce public charging expenses for commercial electric vehicles.
The announcement came today (Wednesday 7 October) as part of a wider push to make fleet electrification more affordable. Octopus, which serves Birmingham households, said the move could deliver savings of up to 30% on major public charging networks for each fleet vehicle annually.
Charging networks already signed up
Three major charging providers have already partnered with Octopus for FleetBoost: MFG EV Power, IONITY and Be.EV. According to Octopus, 99% of UK areas are within 14 miles of an eligible charge point, meaning most fleet drivers can access the discounted rates.
The scheme is designed to address the biggest barrier to commercial EV adoption: the cost of public charging. By aggregating demand across multiple networks, Octopus aims to give businesses predictable and lower pricing compared with standard public rates.
Industry leaders back the scheme
Matt Davies, Founder of Octopus Fleet, said: “We know that switching a fleet to electric is about much more than putting an EV on the road – businesses need charging to be affordable, reliable and easy for drivers to use, and we’re tackling this all in one go.”
Davies added: “By bringing together some of the UK's biggest charging brands, we can help accelerate the transition to commercial EVs and slash the cost of public charging for businesses.”
Martin Symes, EV Director at MFG EV Power, said: “Making public charging genuinely affordable is the single biggest unlock for fleet electrification, and FleetBoost does exactly that, real savings at thousands of MFG EV Power bays nationwide.” Symes added that MFG is “proud to be a founding partner” and that “cheaper, faster, more reliable charging is how we accelerate the UK's switch to electric.”
Network executives welcome the move
Andreas Atkins, Country Manager UK & Ireland at IONITY, said: “For businesses running electric fleets, convenient and reliable public charging is essential to keeping drivers moving.” Atkins confirmed IONITY’s support for the scheme, saying it gives “more fleet drivers access to IONITY’s high-power charging network” and helps them “spend less time charging and more time on the road.”
Asif Ghafoor, CEO of Be.EV, said: “For too long, public charging has felt like the wild west for fleets, with little control over the experience drivers get.” Ghafoor said that by joining FleetBoost alongside other trusted networks, businesses can gain confidence to transition, knowing their drivers have “reliable, good-value public charging across the country – at a cost that can compete with, or even beat, petrol and diesel.”
The FleetBoost scheme is now available to commercial fleet operators across the UK, with the three founding networks providing coverage for most of the country. Octopus said the savings are calculated per fleet vehicle, meaning larger fleets could see substantial annual reductions in charging expenditure.
