Leasing enquiries for pure-electric vehicles up by 87% in Q3
Leasing enquiries for battery-electric, plug-in and hybrid vehicles grew 66% in Q3 compared to Q2 of this year, according to new figures.
The new data, published by leasing.com, found that growth in demand for new electric vehicles between July-September 2021 was the result of growth in the individual BEV, plug-in hybrid (PHEV) and hybrid segments.
The three segments saw a combined sales enquiry market share on Leasing.com of 32.1% in Q3, up from 22.9% in Q2.
Demand for PHEVs grew by 43% in Q3, with the Cupra Formentor, Volvo XC40 and Seat Leon seeing the most enquiries in this period.
Enquiries for hybrid vehicles, also grew 51% in Q3 compared to Q2, with the Toyota RAV4, Hyundai Tucson and Toyota C-HR the most popular on the car leasing website.
Battery electric vehicles saw the highest demand, however, with leasing enquiries rising by 87% in Q3 compared to Q2. Battery electric vehicles also outperformed diesel sales in Q3, with the Volkswagen ID.3, Tesla Model 3 and the Hyundai Kona proving to be the most popular BEVs.
Paul Harrison, head of strategic partnerships at Leasing.com, said: “Our latest data shows the rapid transition that the UK new car market is now making to net zero. Nearly a third of our total Q3 sales enquiries were for electric vehicles. Battery-electric vehicles saw the fastest rate of growth and it continues to accelerate as motor manufacturers expand their offering. These figures underline the importance of the leasing sector to BEV adoption.”
