EV leasing enquiries rise 36% as fuel prices push drivers to electric

Staff
By Staff
2 Min Read

Interest in electric vehicle leasing has surged as UK drivers respond to rising fuel prices.

Octopus Electric Vehicles reported a 36% increase in EV leasing enquiries since the start of the conflict in the Middle East.

Petrol prices have climbed to £1.48 per litre while diesel has reached £1.73 per litre, among the highest levels seen in the past 12 months.

The rising cost of fuel is prompting many motorists to reconsider petrol and diesel vehicles and explore electric alternatives.

Electric vehicles can offer more predictable costs because electricity prices are often more stable than global oil markets.

Drivers using the Intelligent Octopus Go EV tariff can save hundreds of pounds each year compared with running a petrol or diesel car by charging at cheaper times.

Demand for EVs has also been rising more broadly across the UK.

Electric vehicles now account for around one in four new car sales and their share of the market continues to grow.

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