NatWest has launched a joint offer with Octopus Energy to assist businesses with the transition to electric vehicles.
The package will be made available to the bank’s retail, business and wealth customers, and will see customers able to purchase Electric Vehicle charge points at discounted rates.
The bundled solution offers the infrastructure, technology and software required to switch to electric vehicles. It is the first time a major high street bank and renewable energy supplier have offered such a solution, the companies claim.
The deal sees:
- Discounted EV charging technology and installation
- Funding options from NatWest
- Access to tariffs and smart meters from Octopus Energy
- Free access to Octopus Energy’s public charge ‘Electric Juice Network’
- Solar and battery technology to complement the infrastructure offer
- Potential grid upgrade and access to fleet management software
Customers will also benefit from Octopus Energy managing the process required to take advantage of applicable government grants available.
James Close, head of climate change at NatWest Group, said about the partnership: “By working with Octopus Energy, we are offering a bundled solution to help people and businesses go green.
“We are determined to play an active role in the UK’s transition to a low carbon economy and this access to EV charging technology will make it easier and more affordable for our customers to make a positive difference to our environment.”
Greg Jackson, CEO and founder of Octopus Energy, said: “Transport accounts for a third of the UK’s carbon emissions, making it the country’s largest emitting sector and in desperate need of transformation if we are to reach Net Zero.
“We are so 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 savings they could get and switched to an EV, the benefits it would have on our planet would be massive.”
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