Leasing Options on growing EV demand
Electric and hybrid vehicles account for 42.5% of the UK's leading demand, driven by rising fuel costs and government incentives. The growth in electrified vehicles is no longer limited to younger age groups, with significant increases seen among 41 to 50-year-olds, 51 to 60-year-olds, and those aged 61 and over.
Electric and hybrid vehicles are gaining popularity in the UK, making up 42.5% of the market. This is due to rising fuel costs and government incentives like tax benefits. Petrol vehicles still account for the biggest share, but their market share has fallen from 63.3% to 56.6% in the last year. Electrified vehicles, including plug-in hybrids and fully electric models, now represent 42.5% of the total mix. The growth in electrified vehicles is seen across various age groups, with 50.3% of 41 to 50-year-olds and 50.1% of those aged 61 and over opting for electrified vehicles.
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