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.
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.
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.
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).
Rivervale Leasing asked 1,000 Brits how they really feel about EVs and found that UK drivers think they are expensive, limited on charge points and have a poor range - mainly because they don’t think EVs have changed over the past 5 years.
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 The survey reveals that drivers have an outdated ideas of EVs as they don’t think they have developed over the past 5 years.
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?
Vehicle makers, the SMMT and dealers have been calling for discounts or a scrappage scheme to help boost sales following months of pandemic shutdown.
Fire protection specialist has gone for new Tesla Model 3s provided by Edinburgh-based fleet management specialist, Gofor Finance.
Historic offerings no longer meet the growing market demand, nor captures the distinctive characteristics of electric vehicles.
While the majority of people surveyed view electric vehicles favourably, practical concerns surrounding infrastructure present an active barrier to entry.
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.
EV1000 campaign is designed to accelerate the uptake of EVs and has successfully generated interest from both business and personal customers, above and beyond the orders that qualified for cashback.