EV adoption more than doubles in 2020, says Lex Autolease

Leasing company Lex Autolease has seen a 144% surge in zero-emission vehicles since the start of 2020, with the number of electric cars and vans across its fleet growing by more than 1,500 in the ten months from January to October 2020.
 
The stats suggest that demand for EVs among UK businesses is growing exponentially and, encouragingly, across an increasingly broad range of sectors, as EV adoption becomes more mainstream and widespread. At the start of 2020, firms in the Business Services sector accounted for almost half (47%) of the total EV fleet, a figure which has now decreased to 27% by the end of October as retail, construction and advertising / media / publishing firms have ramped up their transition to EVs. These sectors are now at the forefront of EV adoption with the biggest percentage increase in EV orders since January 2020.

 
The most popular electric car model among Lex’s business customer base by far is the Tesla 3 (942 cars by end of October 2020), followed by the Kia E-Niro (243 cars) and BMW I3 (151).
 
Richard Jones, managing director of Lex Autolease, said: “The environmental and cost-saving benefits of making the switch to electric vehicles are widely publicised, but its empty rhetoric unless it actually drives behavioural and business change. Thankfully, these latest figures suggest that there’s been a sea-change for firms during 2020 with adoption levels rising apace, despite the difficulties of the pandemic.
 
“While firms continue to navigate uncertainty, it’s comforting to see that EV orders remain in rude health and that this trend is only set to continue. There’s been much made of ‘a green recovery’ as the country deals with the ongoing impacts of the pandemic. It seems, at least from a fleet perspective, that many firms are seizing the opportunity to reduce their emissions and drive down their motoring costs.
 
“However, there remains an uphill climb ahead of us and there’s work to be done if we’re to keep up the momentum of 2020. The leasing market has a critical role to play in supporting the UK’s net zero ambitions, but sustained fiscal support to incentivise EV uptake and significant investment in the UK’s charging infrastructure are also sorely needed. There also needs to be continued progress towards electricity generation being dominated by renewables. Only then will the Government’s ambitious Road to Zero strategy be a realistic prospect.”