Home/Tag: Electric Vehicles

Finance brokers expect “significant increase” in EV demand

By |2021-02-22T10:55:36+00:00February 22nd, 2021|Categories: Leasing & Finance News|Tags: , , |

Research by Cambridge and Counties Bank comes in the wake of surging demand and use of EVs by UK households and businesses. Along with the Government’s 2030 target, a 0% Benefit in Kind (BiK) rate relief on EVs introduced in April 2020 is also expected to boost usage among UK firms.

Select to showcase EVs at British Motor Show

By |2021-02-08T11:07:04+00:00February 8th, 2021|Categories: Leasing & Finance News|Tags: , , |

Show within a show, targeted at technology fans and those thinking of switching to electric vehicles, is backed by Select Car Leasing, and Company Director Mark Tongue said: “We are very excited at the opportunity of this major partnership with the British Motor Show in 2021, in particular to help develop the UK public’s awareness of electric vehicles.  

Fleets ramp up moves towards electrification

By |2021-01-28T13:38:59+00:00January 28th, 2021|Categories: Leasing & Finance News|Tags: , , |

In the past 12 months, Fleet Alliance, which now manages a fleet in excess of 30,000 vehicles, has seen a 214% increase in EV orders – and a rise of over 5,000% since the start of 2018. Increase mirrors that seen at a national level as 2020 was a record year for sales of battery and plug-in hybrid electric cars, which together accounted for more than one in 10 registrations – up from around one in 30 in 2019.

Are you ready for the electric vehicle revolution?

By |2021-01-13T11:33:34+00:00January 13th, 2021|Categories: Leasing & Finance News|Tags: , , |

For the first time, Across 2020, 108,205 fully electric vehicles were registered, up 185% year-on-year. Meanwhile, plug-in hybrid registrations rose by 91%, amassing 66,877 units. This means the total number of electric and plug-in hybrid cars registered in the UK is fast approaching the half-a-million mark (409,330).

UK not ready to embrace EVs yet, says Rivervale

By |2020-10-30T09:05:14+00:00November 2nd, 2020|Categories: Leasing & Finance News|Tags: , |

Study shows that drivers won’t make the switch because of high costs, limited charging access and poor range, but is any of this true? The survey reveals that drivers have an outdated ideas of EVs as they don’t think they have developed over the past 5 years. 

Electric charge – What’s the latest news on EVs?

By |2020-06-23T11:56:10+01:00June 23rd, 2020|Categories: Leasing & Finance News|Tags: , , , , , , , , , |

With restrictions beginning to ease, electric vehicle registrations rose by 21.5% in May compared to the previous year, and now account for 4.3% of the UK new car market. So, what has been happening in terms of electrification over the past three months?

How leasing brokers can make the most of the evolving electric vehicle theme

By |2019-10-17T17:00:14+01:00October 17th, 2019|Categories: Leasing & Finance News|Tags: , , , |

Given the tail winds for EVs, it makes sense for brokers to position themselves to benefit from this fast-evolving theme. Brokers should be able to tap substantial sources of new revenue from additional services, such as those linked to batteries for instance.

Get ready for surge in EV orders

By |2019-10-10T16:36:58+01:00October 7th, 2019|Categories: Leasing & Finance News|Tags: , , , , , , |

Some leasing companies could see EVs occupy more than 50% of new orders on their books in the next two years as employers across the UK consider electric as a way to reduce both costs and their impact on the environment.

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