Electric Vehicles
Take advantage of game changing technology and zero emissions with electric car leasing. The choice is simple for those who want to make a difference as you have access to government initiatives, manufacturer deals and cost effective motoring.
Lease an electric car and say goodbye to petrol and diesel. Long gone will be the maintenance of complex mechanical components, a full electric motor gives the driver instant power like never before for far lower fuel costs. Thanks to the difference in electricity prices compared to rising fossil fuels like petrol or diesel, electric car leasing will mean you never need the pumps again.
122 models
On the 1st April 2022, the EV chargepoint grant replaced the Electric Vehicle Homecharge Scheme (EVHS) by providing funding of up to 75% towards the cost of installing electric vehicle smart chargepoints at domestic properties across the UK.
This grant applies to land lords and tennants and now excludes homeowners (including people with mortgages) who live in bungalows and detached, semi-detached or terraced housing
The main criteria below for being accepted for the grant:
Live in a rented property
Own a flat
Have dedicated off-street parking
Own, lease or have use of an electric or plug-in hybrid vehicle eligible for the grant.
Not have already claimed the grant (either the EV chargepoint grant or the previous EVHS grant) for your EV
To check your eligibility for all grants and if your new electric car qualifies, please click here for further details.
Why should you choose an electric car lease?
Electric cars normally cost more than a standard combustion engine vehicle i.e. Petrol or Diesel. The additional cost is attributed to the technology used for the battery and the operating system of the vehicle. However, the electric car is much more environmentally friendly compared to the standard engine.
As the government has advised that there will be a ban on all new petrol or diesel vehicle sales from 2030. As the number of BEVs increase, the manufacturing/purchase costs will decrease as sales volumes climb. Some PHEV and Hybrid vehicles will be banned from 2035.
Sadly, the monthly cost of an electric lease will be higher than the standard engine. As the purchase price is higher, this will then have an adverse effect on the monthly cost.
See the example below:
|
Vehicle |
Man List Price |
CO2 |
RFL Year One |
Average Lease Cost |
|
Mercedes EQC 400 300KW AMG Line 80kWh 5dr Auto |
55,766.67 |
0 |
0 |
707.84 |
|
Mercedes GLC 220d 4Matic AMG Line 5dr Auto |
35,995.83 |
166 g/km |
£555.00 |
591.06 |
Lease cost based on 3x35, 8,000 miles per annum, non maintained, and business contract hire. Prices exclude VAT
As you can see from the above, the list price of the electric version is much higher than its diesel equivalent. Please note that some electric vehicles have a higher residual value (resale value) than diesel vehicles, so although the List Price is higher, the actual rentals are not as high as you would think.
The big savings for electric vehicles, aside from obvious improved environmental impact, comes from fuel v’s electricity. You can calculate how much it costs for your vehicle to be charged by using the below:
Energy Cost (pence per kWh) x Battery Size = Charging Cost
(The average price for electricity (June 2023) in the United Kingdom is 34p per kWh)
Typically, most BEV vehicles will only charge to a max of 80% as charging slows and the vehicle would normally stop charging to protect the battery.