Electric van leasing enquiries increased by 36% last year, according to Leasing.com. This surge was driven by falling costs, government incentives, and sustainability goals.
By the end of 2025, EVs are expected to exceed 35% of the leasing market due to strict emissions targets and an increase in the number of models available.
Mike Fazal, CEO at Leasing.com, said: “Extending the Plug-in Van Grant is a positive step for businesses looking to electrify their fleets.
“By lowering upfront costs, it makes electric vans more accessible, particularly for SMEs in logistics, delivery, and trade sectors where margins are tight and cost certainty is crucial.”
The Ford Ranger is the most leased van in the UK despite its share dropping to 18%.
Overall, at brand level, Ford leads the Leasing.com data despite its share dropping from 56% (2023) to 25%. Toyota (9%) and Ford experienced the sharpest declines.
Volkswagen and Renault saw the biggest retrospective YoY growth, with VW securing 20% of all leasing enquiries and Renault increasing to 8%.
A shift towards EV leasing in the UK was reflected in the popularity of models such as the Renault Kangoo (7%) and the BYD ETP3 (4%).
Monthly business van lease payments fell 15%, while personal leases fell 12%. Demand for immediate vehicle availability has increased, with 59% of enquirers choosing in-stock vans over factory orders, up from 37% last year.
