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Apart from the recent Renault 5 launch this week (February) there hasn’t been a more exciting proposition than the launch of the XPENG brand. A Chinese company with a clear focus on technology, AI, battery efficiency and charging, this is being touted as the next-best thing since the Tesla group came to the UK with their pure EV offering.
The G6 SUV will be the first product to land in the UK, being the robust SUV option. With the UK leasing industry being very SUV and 4x4 focused, this is not a bad decision whatsoever. Price seems to be high on the agenda, with the Standard Range and Long Range to start at £39,990 and £44,990 respectively.
While company car and salary sacrifice schemes do enjoy significant tax benefits and financial rewards, the retail and consumer markets are having to rely on their hard-earned money. This makes them more discerning and quizzical about the EV being presented to them. This is where some of the more luxury and performance vehicles have struggled to become as popular as maybe the brands would have envisaged with the outright costs causing some nervousness to the uptake.
For those involved in buying a vehicle, whether cash / hire purchase / contract purchase, the vagaries of deprecation and risk come into question too.
Change in the UK is very much afoot, with a series of groups, associations and finance companies now commenting to the Government on what needs to be done to ensure that our Net-Zero ambitions under the ZEV Mandate are met.
One of our partners, EVA England, have been at the forefront of communicating the necessary changes to ensure amazing electric vehicles like the Renault 5 hatch and the G6 crossover are successful. In their submission to the Government there are a number of elements raised. The 5 which are given special mention are:
What the report from the EVA suggests is that efforts need to be on the public charging experience; indeed the feedback from 75% of the respondents does say that the high cost of public charging is a barrier. With the UK now enjoying a significant uptake in EVs, in both the new and used EV industry, the challenges facing us now are very much different to 2020.
When you consider that 29,634 BEVs were registered in January 2024, not to mention the 188,382 used-electric car transactions in 2024, it is safe to say that mass-adoption and confidence is very much increasing. As the EVA do note, there were just over 1,500 electric vehicles in 2010 which demonstrates just how far our automotive economy has evolved.
But a consistent theme for many EV drivers remains on the topic of public charging. While there are nearly 75,000 devices in 37,613 locations there are still concerns about the quality of the chargers (in terms of speed and accessibility), the cost of the charging session and ability to find the charging station.
In some European countries, more effort goes into the charging hubs, which follows the approach of the petrol station with the large signage on the forecourt to set out the speed of the charger and its corresponding cost per kWh.
The EV lifestyle is very much centred around the cost involved in public charging, which is why some drivers are concerned that VAT is applied to the session and some operators are charging much higher premiums compared to home and domestic tariffs. For genuine high-mileage EV drivers this is an obvious issue. There are also other elements like the speed of charge (and how this relates to your car’s speed) and the accessibility of the point which does raise genuine queries.
If the Labour Government do support the aims of the EVA, and other similar bodies, we are ambitious for an increasing uptake in both new and used EVs. This creates a more hospitable environment for cars like the G6 from XPeng to succeed. And there is much to be excited about as the new XPENG G6 SUV lands on our e-car lease website.
Speak to our expert team here at e-car for more help or advice, just get in touch with our team on 01942 910 001 or by emailing us at [email protected]
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