UK Leasing

Electric vehicles account for more than half of orders from leasing companies in June



Battery electric vehicles accounted for more than half of new car orders from one of the 10 largest leasing companies in the UK last month.

Zenith, an independent rental and fleet management company with a fleet of more than 50,000 vehicles, said BEV achieved a 54% share of its new car orders in June.

Over the past year, 41% of Zenith’s orders have been for BEVs, with companies switching to zero-emission models to meet their environmental and social responsibilities, and drivers enjoying negligible tax rates for company cars ( only 1% tax).

Ian Hughes, CEO, Car and Van Division at Zenith (photo above), said: “Drivers of company cars and wage sacrifice schemes continue to be drawn to the significant benefits in kind (BiK) tax savings that can be achieved when choosing an electric vehicle. , the ever-increasing choice of vehicles and confidence in the charging infrastructure.

Wage sacrifice plans allow all employees to access a company car-like benefit, paying for the vehicle on gross income before tax.

Zenith also reported a sharp increase in demand for electric vans, which accounted for 69% of its new van orders in June, down from just 1% in the same month last year. Electric vans have accounted for almost a third of its van orders in the past 12 months.

Image: Zenith



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