An exciting announcement regarding the expansion of Octopus Electric Vehicles stock.

An exciting announcement regarding the expansion of Octopus Electric Vehicles stock.

Octopus Electric Vehicles has been granted £2bn in EV funding. Thanks to fresh financial backing from banks like Lloyds, Morgan Stanley, and Crédit Agricole CIB, Octopus is set to expand its stock from 40,000 to 75,000 electric cars across the UK.

In October, electric vehicles made up 26% of all new car sales in the UK—an all-time high for 2025. This suggests that the shift toward EVs is not just an eco-friendly trend but a sustainable movement gaining serious momentum.

With Europe registering over 1.7 million EVs in September - a 19% jump from last year - the upward trajectory doesn’t seem to be slowing down anytime soon. Greater accessibility, combined with Octopus Energy's expansion, means we could see electric cars becoming even more integrated into everyday life sooner than expected.

So, you might be wondering, "What does this mean for me as a car buyer?" With the recent surge in electric vehicle purchases, the market is positioned for further growth and affordability. More EV options mean more competition and more attractive deals for new EV customers.

Thanks to the UK's Electric Car Grant scheme, which offers savings up to £3,750 on new EVs, purchasing an electric car is more affordable than ever. Add that to the potential for lower running costs compared to traditional petrol vehicles, and going electric looks pretty appealing.

If you’re in the Greater Manchester area, including right here in Bury, this news is especially relevant. More EVs on the road could mean more local availability and the opportunity to make the switch seamlessly.

Here at The Car Co, we pride ourselves on offering a diverse range of vehicles, including the latest hybrid and electric models. Plus, our competitive finance rates starting from 8.9% APR make buying an electric car much more accessible.