Fleet News

Short-term leasing helps drivers switch to EV

Short-term leasing can help drivers switch to an electric vehicle (EV) by allowing them to experience one in the real-world before making a longer commitment.

New mobility provider SoGo, which offers vehicles on flexible leases from one month to four years, anticipates a surge in demand for EVs in the coming months.

Karl Howkins (pictured), managing director of SOGO, said: “Sales of new electric cars are increasing exponentially with some fleet companies reporting they account for 30% of all sales. However, private motorists and smaller fleet owners, will still face concerns around range anxiety and using new technology.

“The ability to use an electric car for a month or two will overcome driver concerns and accelerate the adoption of this important technology ahead of the ban on ICE vehicles in 2030.”

At least 35% of SoGo’s fleet will be electric vehicles, and it anticipates this will increase over the coming months. In its first year, the company expects to operate a fleet of around 5,000 vehicles.

According to figures from the SMMT, battery electric vehicles (BEV) sales increased 185.9% in 2020, accounting for 6.6% market share, an increase of 5% on 2019.

Click here for electric cars and hybrids best practice and procurement insight

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Related content

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee