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The Stellantis group have been a big driver behind the EV uptake in the UK; Vauxhall and Peugeot in particular are leading cost-effective automotive brands which are synonymous with value and quality.
But many groups are now speaking out and relaying certain concerns about how the transition to an all-EV economy will take place, bearing in mind the legal obligations under the ZEV Mandate. As reported in the BBC vehicle leaders, in conjunction with the SMMT, are looking outwards for support and assistance in making these ambitions a reality.
Executives from Jaguar and Ford have set out their big financial commitments, such as the £15 billion investment to take Jaguar electric globally, as part of encouraging politicians to join in and assist in their endeavours. As the article clarifies, there is a need for policy makers and brands to work cohesively, if these ambitions are to be met.
And this isn’t just a new car phenomena, this is about encouraging drivers in the UK to progress into used-EV solutions as well.
The whole principle of new car leasing is linked to the success of used cars; residual values which underpin the amazing deals on new cars are earned through the popularity and sale of used propositions. As GB News looks to proffer - there are perhaps underlying concerns with the used-EV sector and this in some way explains the difficulties the new EV market faces.
The article suggests that half of the UK’s drivers would not buy a 2nd hand electric vehicle, with elements like battery robustness, motor insurance and technology lamented as being a problem. The underlying notion is that confidence is key and without this, the used EV market is not going to grow at the rate we need it to.
But this is where education is key, as those engaged in this sector must be properly setting out the key aspects of the EV lifestyle as part of addressing these concerns. This means an analysis of the battery (size and warranty), charging infrastructure, charging times, charging costs, charge point location, motor insurance and real-world range. This is something which is only just happening in the new car sector, so this will hopefully flow to the used market too.
But in an effort to help improve customer confidence, the e-car lease team will be launching an amazing used-EV leasing programme. Unlike purchase-style products, like HP or PCP, there is no obligation on the customer to own the vehicle and undertake the risks of buying / selling.
With a used lease, the BEV will remain the property of the finance company and the customer will use this asset for 12 months - 36 months, returning it on contract cessation. Add to that no deposit and fully-maintained arrangements, which ensures that cash-flow is protected and all running costs are provided for.
The customer, personal or business, simply needs to insure the vehicle and arrange a charging solution (at home or work). And as the SMMT data shows, some 26,031 BEVs were registered in May 2024, which means a year-to-date performance of 133,062. Supply and desirability are very much here.
And EVs like the new Peugeot e-3008 are going to be popular for both new and used leasing solutions. The “fastback” SUV is clearly one of the most aesthetically pleasing vehicles on the road. The car is set to be a comprehensive one in terms of specification and performance. As at June 2024, the Peugeot team are launching:
But how will the new 3008 EV perform? There will be 3 battery options to choose from (although not all are yet live):
Just head to the Peugeot manufacturer website to create your perfect configuration or just get in touch with our team on 01942 910 001 or by emailing us at [email protected]
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