Electric car leasing market enjoys buoyant summer
The electric car leasing market has enjoyed a strong summer with customer demand rising, according to Liquid Fleet.
It found that leasing customers trying electric models for the first time spiked during June and July.
The rental fleet has been slow to embrace electric vehicles, but improved range is encouraging more businesses to use a zero-emission cars without compromising their daily transport needs.
Martin Potter, Liquid Fleet’s commercial director, said: “The life cycle of our fleet means we are running several hundred of the latest model EVs with 300-350-mile ranges which seems to be the tipping point for customers. The Kia EV3 and BYD product have been particular favourites with drivers, and with average ranges continuing to rise this may be the leg-up the rental industry needs to confidently onboard more EVs.”
Strong EV demand has coincided with a buoyant industry over the summer, with short-term leasing contracts between nine and 15 months proving most popular.
Potter said: “The summer rental market remains buoyant, and we are still supplying vehicles into the sector at a time when our fleet would normally be slowing down slightly as the summer season ends,” explained.
“Economic confidence is definitely playing a part in businesses using short-term leasing more than committing to long term contracts. Short term leasing gives them flexibility, and our rental customers have responded by committing to growing their fleets for longer periods to cover three or five rental seasons.”
