The latest BVRLA Leasing Outlook, recently highlighted by Transport + Energy, contains some really positive news for the leasing industry and anyone considering making the switch to an electric vehicle.
The report shows the UK's vehicle leasing fleet has grown by 7.2% year-on-year to more than 2.05 million vehicles, while battery electric vehicles now account for 48% of the BVRLA's car leasing fleet. Perhaps most impressively, leasing companies now fund more than one-third of all electric vehicles currently on UK roads.
These figures reflect exactly what we're seeing every day at Leasing Options.
Electric vehicles are no longer a niche choice. More customers than ever are getting in touch to ask about EVs, compare different models and explore whether making the switch is the right move for them. What's really encouraging is that the conversation has changed. A few years ago, people mainly asked whether an electric vehicle would work for their lifestyle.
Today, they're much more likely to be asking which one is right for them.
That growing confidence isn't happening by accident.
One of the biggest reasons leasing continues to play such an important role is that it removes much of the uncertainty that naturally comes with rapidly evolving technology.
Electric vehicles continue to improve at an incredible pace. Battery technology is advancing, charging speeds are getting quicker, ranges are increasing and manufacturers are launching exciting new models every year. While that's great news for drivers, it can also leave some people wondering whether they should wait for the next generation of vehicles.
Leasing helps take that worry away.
Instead of committing to owning a vehicle for years to come, customers can enjoy driving the latest technology today, knowing they'll have the opportunity to move into a newer model when their agreement comes to an end.
Just as importantly, one of the biggest concerns around electric vehicles remains future values. No one can accurately predict what today's EV will be worth in three or four years' time as technology continues to evolve.
With leasing, much of that risk sits with the finance provider rather than the customer.
That gives drivers the confidence to enjoy all the benefits of an electric vehicle without worrying about depreciation or what the used market might look like in a few years' time. Instead, they benefit from fixed monthly payments, no concerns about selling the vehicle later and the flexibility to choose something new when their lease finishes.
We've always believed leasing is one of the smartest ways to drive a new car, but when it comes to electric vehicles, the benefits are even more compelling.
As the latest BVRLA figures demonstrate, leasing is already helping thousands of drivers make the move to electric. Based on the enquiries we're seeing, we believe that trend is only going to continue as more people recognise that leasing offers a simple, flexible and lower-risk way to embrace new technology.
If you've been thinking about making the switch to an electric vehicle but are still unsure whether now is the right time, our team is here to help. Whether it's understanding charging, comparing models or finding the right deal, we're here to make the process as straightforward as possible.
Find out more about the benefits of electric car leasing, browse our latest electric lease deals and discover which EV could be right for you by visiting our Electric Car Leasing hub here
22 July 2026
