Leasing Options has suggested that electric and hybrid vehicles account for 42.5% of UK leading demand.
This can be attributed to rising fuel costs and government incentives like tax benefits.
Mike Thompson, Chief Operating Officer at Leasing Options, states: “While petrol remains the biggest single fuel type overall, the gap is clearly starting to close.
“What is especially notable is that this is not just a trend being driven by younger motorists.
“We are seeing stronger interest in electric and other electrified vehicles among more mainstream age groups too, which points to a much broader shift in attitudes.”
When compared with the previous rolling 12 months, petrol vehicles still account for the biggest share overall.
Petrol made up 63.3% of the mix over the last 12 months, falling to 56.6% this year. The electric vehicle market has grown its share from 13.7% to 21%
Fully electric vehicles have grown their share from 13.7% to 21.0%, meaning EVs now account for around one in five vehicles.
When plug-in hybrids, hybrids, and fully electric models are combined, electrified vehicles now represent 42.5% of the total mix, up from 34.8% across the previous 12 months.
Growing interest in electrified vehicles is no longer limited to younger age groups.
Among 41 to 50-year-olds, electrified vehicles now account for 50.3% of the mix this year so far, up from 39.1%.
For 51 to 60-year-olds, that figure has risen from 38.1% to 45.6%, while among those aged 61 and over it has climbed from 39.9% to 50.1%.
