Company Car

Your Independent source of fleet news, reviews & interviews

Leasing giant Lex Autolease has allocated its £1 million fund to help drive electric vehicle adoption four months earlier than expected.

The company’s scheme provided cashback of £1,000 on 1,000 pure electric vehicle orders since January.

According to Lex, more than 1,300 customers have ordered EVs through the company this year, including Anglian Water, EON, Cornwall NHS Trust, Bourne Leisure Limited and Mitie.

So far, Lex has taken 2,200 EV orders in 2019 and has delivered 1,000 EVs so far this year with the firm’s electric fleet increasing by 127% in the last year.

Jaguar i-Pace - Image 9

Based on data from the Society of Motor Manufacturers and Traders, Lex said it accounted for one in 16 pure electric car registrations in the UK between January and August 2019.

Of the total EVs ordered from Lex Autolease in 2019 to date, 87% are cars and 13% are light commercial vehicles (LCVs). Business contracts accounted for 83% of orders and personal contracts account for 17%.

The Jaguar I-Pace range has proved most with 900 orders received in 2019 to date, while the Nissan e-NV200 Electric 80kW Acenta van is the single most popular commercial vehicle with 230 orders.

Richard Jones, managing director of motor finance and leasing at Lloyds Banking Group, said: “As the UK’s leading vehicle leasing provider, we have an important role to play in driving change and in helping fleet drivers be the pioneers of the newest, cleanest vehicle technology. With the regular replacement cycles that come with leasing, fleet drivers are also feeding the second hand market with low and zero-emission models, which is critical for the country to meet its ambitious emissions targets. The financial contributions we’ve offered via the EV1000 are one of many whole-life cost benefits drivers can enjoy with the switch to electric. Cheaper fuel, tax and maintenance are also key considerations – and as battery technology and charging infrastructure continue to develop and improve, EVs are an increasingly attractive option for more and more people.”