In recent years, the automotive landscape has undergone a remarkable shift towards sustainability, with electric vehicles (EVs) leading the charge. As we navigate the environmental consciousness and technological advancement, the question arises: is now the best time to transition to leasing an electric car, or should you wait for further developments?

Advancements in Electric Vehicles

Today’s electric vehicles represent a significant improvement from those 10 years ago, with manufacturers continuously enhancing technology and design. The direction of innovation in the EV space promises even more compelling offerings in the years to come. Leasing provides an advantageous opportunity to stay up to date with these advancements without shouldering the risk of depreciation associated with ownership.

Government Mandates

The UK Government’s decision to ban the sale of new petrol and diesel cars by 2035 underscores the inevitability of transitioning to electric vehicles. Consumer preferences are already shifting towards electric cars, driven by the substantial benefits they offer. This regulatory push and growing consumer demand make the case for considering electric car leasing sooner rather than later.

Infrastructure and Accessibility

The expanding public charging infrastructure across the UK addresses one of the primary concerns associated with electric vehicle ownership: range anxiety. As of the end of February 2024, there were over 57,000 charging points nationwide across 32,000 charging locations (a 47% increase from February 2023). Accessing charging facilities has become more convenient than ever. This infrastructure development enhances the feasibility of owning an EV, even for those without home charging capabilities.

Financial Incentives and Savings

Against the backdrop of rising fuel prices, the cost savings from driving an EV are too significant to ignore. Leasing an electric car offers financial benefits through reduced running costs and aligns with the broader goal of environmental stewardship. There’s also the contribution to cleaner local air quality while enjoying substantial savings on fuel costs. The lower operational expenses of EVs, especially when charging at home or during off-peak hours, can offset a considerable portion of the monthly lease payments.

Embracing Electric

The transition to electric vehicles represents not just a trend but a pivotal step towards sustainability. Leasing provides a flexible and financially savvy pathway to participate in this green revolution. By seizing the opportunity now, lessees can enjoy both economic benefits and contribute to environmental stewardship.

As the automotive industry embraces electrification, the question of timing becomes paramount for potential leasers. With the meeting of regulatory mandates, technological advancements, and financial incentives, now presents a great opportunity to consider leasing an electric vehicle. By making the switch, individuals and businesses can navigate towards a greener and more sustainable future while reaping the benefits of reduced costs and environmental impact.

Get in touch for any of your fleet queries:

If your business needs any assistance, with setting fleet budgets, or would like to understand more about what vehicles fit into your fleet budget, get in touch today. Our experts can offer guidance regarding alternative fuel types and whole-life cost analysis.