Electric Car Leasing
In recent years there has been a huge surge in the development of EV Technology. Today, we see two types of Electric Vehicles that are available to purchase. The first is a fully Electric Vehicle (EV) that is powered in full by a battery and uses at least one electric motor to propel the vehicle and turn its wheels. The second is a Plug-in hybrid electric vehicle (PHEVs) that uses batteries to power an electric motor and another fuel, such as gasoline, to power an internal combustion engine (ICE).
Many manufacturers such as; Tesla, Toyota and Volkswagen have already established extensive ranges, whilst other manufacturers have plans underway to enhance their EV product portfolio. The rise in popularity and demand for EVs can be attributed to overcoming hurdles of affordability, maintenance, range and practicality. This means that fully electric and hybrid vehicles are more commonplace than ever before and make up 10.4% of cars on the roads in the UK.
Additional aspects of an EV that you should consider:
Depending on the model, you may have to pay a monthly lease rental for the battery of around £70 a month. Some EVs include a battery rent option in the price, whilst more expensive cars such as a Tesla or BMW i3 includes battery costs, so there is no additional rental charge.
Is the vehicle’s operating range sufficient? It is really important that you opt for an EV that has a range that suits your lifestyle. For example, if you take long journeys often it may be more beneficial for you to invest in a car such as a Tesla Model S Long Range with an operating range of 379 miles on a single charge or a Jaguar I-Pace with a range of 292 miles.
Other aspects to take into consideration is how and where you will charge the vehicle. You have the option to charge at home by simply plugging the vehicle into a standard 110-volt wall outlet for what’s called Level 1 charging, but it can take anywhere from eight to nearly 24 hours. A better choice would be to have an electrician install 240-volt service in your garage to accommodate Level 2 charging that can replenish a drained EV battery in as little as four hours. Further, it is always handy to work out how far away you are from a charging station just in case as well.