Interest in leasing electric and alternatively fuelled vehicles (AFVs) has increased dramatically over the last 12 months and is outperforming demand seen in the overall consumer new car market, new data from Leasing.com shows.
During September 2019, there were 40,917 overall registrations of battery electric vehicles, plug-in hybrid electric vehicles, hybrids and mild hybrids, up 54.8% from September 2018, according to the latest figures from the SMMT.
However, when it comes to personal leasing, enquiries on all these vehicles were up 209% year on year in September 2019. A recent survey also found that 40% of drivers planning to lease a car in the next five years would choose an electric vehicle.
Paul Harrison, Head of Strategic Partnerships at Leasing.com, said: “As more emphasis is put on moving to low-emission drivetrains, leasing offers personal customers the perfect way to transition into ever-cleaner models without the large, long-term commitment of buying.
“Interest in alternatively fuelled vehicles on Leasing.com has outstripped national levels so far in 2019 and accounted for 7% of all enquiries in the first half of the year. Average CO2 emissions across personal lease enquiries on Leasing.com have fallen for three consecutive years, and our data shows we’re on course for a reduction in emissions this year too.”
Harrison added: “As more fully electric and hybrid models hit the market over the coming year, we expect to see an even stronger rate of adoption via leasing.”
Overall in September, the Mercedes-Benz A-Class was the most popular personal lease car, followed by the Range Rover Evoque. The electric Tesla Model 3 continues to attract leasing consumers and was the fifth most-enquired vehicle.[source: Leasing.com]