• TCH Leasing

70% of drivers would prefer to lease an electric vehicle

It’s recently been revealed that 70% of drivers would prefer to lease an electric vehicle (EV) for a two to three year period over buying one outright, according to an Auto Trader survey.


This makes a lot of sense, as with leasing a vehicle comes with several plus points, including the ease of being able to switch cars at the end of the lease. Naturally, with this your car will always be adapting to your ever-changing lifestyle; and the length of the lease allows you to truly experience the benefits of electric vehicles and discover all of their capabilities before making the decision on whether they are for you or not.


The survey did suggest that range anxiety still appears to be the number one put off an outright purchase for motorists, followed closely by a lack of charging points across the UK. However, as EV owners have already experienced this anxiety surrounding electric vehicles is a genuine misconception of reality. In August 2019, there were more electric charging stations than fuel stations and we haven’t stopped installing… Infrastructure is already here, we are already ready and the affordability is, well much more affordable than you think.


Like with anything new to the market, there is a period of time where consumers have to adapt; for electric vehicles that process began a number of years ago. A limited range and high cost price was a huge stumbling block for almost all consumers. Since then, the manufacturing process has developed and the awareness around our own carbon-footprint has grown tenfold thanks to the likes of Greta Thunberg.


Now, electric vehicles are on the brink of being part of the norm. The latest models are considered to be the same price in the long-run as ICE vehicles and by 2023 it’s anticipated that over a third of vehicle owners will be driving an EV. That’s more than 33% of vehicles out on the road, in the next 2 years and 2 months.


Not just that, but in the next couple of years it is fully expected that EV’s will be materially cheaper than ICE vehicles, which will well and truly set the wheels in motion for rapid adaptation. Before 2025, ICE vehicles are expected to be 50% more expensive than EV to operate.


How can we be confident? Norway are pretty much there already with EV leasing over half the price of an ICE leasing option. So it’s only a matter of time before that option isn’t viable...


The future of electric vehicles is becoming the present and you should not wait for the world to move on without you. We have a range of electric and ICE vehicles available to lease; so we would be more than happy to discuss the benefits of both for your next lease.


Contact the TCH Leasing team today to discover how we can help you take the next step in your fleet management.


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