Rising consumer interest in Chinese EVs is reflected in a 186% increase in leasing enquiries % in just 12 months, according to Leasing Options.
The models which have seen the most significant increase in leasing enquiries are the BYD Dolphin (12,570%), BYD Atto (578%), and MG Motors’ MG4 (103%).
Mike Thompson, COO at Leasing Options, says: “Chinese EVs are aggressively priced, offering cutting-edge technology with manufacturing costs that can undercut many Western rivals. For price-conscious buyers looking to go electric, they’ have become an increasingly attractive option.
“It also has a lot to do with shifting perceptions. With Chinese EVs being so affordable, there was initially a lot of scepticism about whether these cars could deliver. But, as more drivers get behind the wheel, we are seeing preconceptions fade and adoption grow.”
Leasing provides access to Chinese EVs without the long-term commitment of ownership while also removing concerns about depreciation,
Thompson concluded: “The rise of Chinese EVs isn’t a passing trend; it’s a major shift in the industry. With more Chinese electric cars arriving this year and next, their popularity will only increase.
“Long-term, we expect these brands to keep gaining ground, especially as the UK’s charging infrastructure improves and consumer familiarity grows.”
