BUSINESS users and SME fleets are increasingly turning to electric vehicles for their company car leases, as firms and individuals take advantage of the low levels of benefit in kind taxation.
Data from Leasing.com, a leasing comparison portal, demand for battery, plug-in and hybrid electric vehicles combined accounted for more than half (53%) of business lease enquiries during Q3 2022, despite ongoing issues over supply.
According to the leasing site, the top three most popular electric vehicles for businesses were:
On average, businesses sought out new vehicles on three-year contracts with an annual mileage allowance of 10,000 and were looking to spend on average £527 per month excluding VAT.
Leasing firm Octopus Electric Vehicles has agreed a deal with US EV manufacturer Fisker to be one of the first lease providers in the UK to offer a new all-electric Fisker Ocean SUV