Octopus Energy enters German EV market with new leasing offer

UK-based Octopus Energy has announced the launch of its electric vehicle leasing business, Octopus Electric Vehicles (Octopus EV), in Germany as it looks to expand its role in Europe’s transition to electric mobility.

The move follows Octopus Energy’s rapid growth in Germany, where the company now supplies energy to over 800,000 customers. Through Octopus EV, the firm will offer German drivers a bundled service combining electric car leasing, home charger installation, access to the Octopus Electroverse charging network, and its Intelligent Octopus smart tariff.

The company says the tariff allows drivers to automatically charge their cars when electricity is cheapest and greenest, potentially saving up to €450 per year compared with standard energy tariffs.

Octopus EV was launched in the UK in 2018 and now manages more than 35,000 leased electric vehicles. By bringing the service to Germany, Octopus aims to simplify EV adoption in a country that remains central to Europe’s automotive industry.

The company also plans to introduce its vehicle-to-grid (V2G) technology to Germany. Already tested in the UK, the system enables electric vehicles to feed power back into the grid at times of high demand. Octopus estimates that around 125,000 V2G-enabled cars could provide enough energy to power the city of Munich for an hour.

Earlier this year, Octopus partnered with Chinese automaker BYD to launch its Power Pack Bundle in the UK, enabling drivers to lower charging costs by optimising when they charge and, in some cases, offsetting costs entirely. Similar offers are expected in Germany in the near future.

Fiona Howarth, Founder and Director of Octopus Electric Vehicles, said Germany was a natural first step for the business’s European expansion:

“Germany is a powerhouse in the automotive industry, and the home of some of our most-loved EV brands. With shared values around great technology and reliable, trusted service, we wanted our European debut to be in Germany.

“Our offer takes the stress out of going electric – we make it simple, affordable, and green. Together with Octopus Energy, we’re bringing German customers cutting-edge technology, the cheapest green power, and the chance to be part of the energy system of the future.”

Octopus EV’s German service will open to customers in early 2026, with sign-ups handled online.