auto

EV leasing enquiries up 66% in Q3, BEVs see fastest rate of growth – Motor Trader


Total leasing enquiries on new electric vehicles grew 66% in Q3 compared to Q2 of this year, according to new data from Leasing.com.

The overall growth in demand for new electric vehicles between July-September 2021 was the result, it said, of growth in the individual BEV, plugin and hybrid segments. Those three electric vehicle segments recorded a combined sales enquiry market share on Leasing.com of nearly a third (32.1%) in Q3, up from under a quarter (22.9%) in Q2.

Demand for electric hybrids grew 51% in Q3 compared to Q2, with the Toyota RAV4, Hyundai Tucson and Toyota C-HR the top three most popular hybrids on Leasing.com.

However, the strongest increase in demand was seen for BEVs with BEV leasing enquiries growing 87% in Q3 versus the previous quarter. BEV sales enquiries also surpassed diesel vehicles in Q3 as new car diesel demand continued its downward trend.

Paul Harrison, Head of Strategic Partnerships at Leasing.com, said: “Our latest data shows the rapid transition that the UK new car market is now making to net zero. Nearly a third of our total Q3 sales enquiries were for electric vehicles. Battery electric vehicles saw the fastest rate of growth and it continues to accelerate as motor manufacturers expand their offering. These figures underline the importance of the leasing sector to BEV adoption.”





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.  Learn more