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Companies are switching to used EVs for car fleets

KANIKA SINGH RATHORE, 22/10/202522/10/2025

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New data shows that more companies with car fleets are choosing older models as demand for electric vehicles (EVs) increases.

UK leasing companies reported that the number of contracts signed for used cars in the three months to the end of June was two and a half times higher than the same period a year earlier.

This compares with an 11% increase for new cars.

Trade body British Vehicle Rental and Leasing Association (BVRLA), which released the figures, said many of its members were increasingly re-leasing used EVs as a solution to the steep depreciation of new cars.

It says the supply of used EVs – and consumer interest in driving them – is increasing.

BVRLA chief executive Toby Poston said the used vehicle market “underpins the entire zero-emissions ecosystem”.

He added: “We can protect value throughout the lifetime of the vehicle, making EVs affordable for more households and ensuring sustainability is not only environmental but also economic.”

Fiona Howarth, chief executive of EV leasing company Octopus Electric Vehicles, said: “EVs are built to last, with batteries that retain their power year after year.

“Many drivers are accustomed to buying second-hand cars, so giving them the same trust and support as new car owners is key to building a fair, thriving electric market.”

ALSO READ  French police are unlikely to recover the Louvre's jewels even if the robbers are caught

a fresh YouGov The survey, conducted by chargepoint supplier char.gy, indicates that when drivers are given accurate information about battery life and running costs their likelihood of considering an EV increases by eight percentage points.

Uk carcompaniesEVsfleetsswitching

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