With sought-after benefits like improved efficiency, comfortable rides and great environmental credentials, electric vehicles are becoming ever more popular, and in the last few years have really entered the automotive mainstream.
If you’re contemplating getting an electric car but don’t want to purchase one outright, leasing can be an excellent option. Here’s everything you need to know about leasing an electric car.
Electric cars all follow the same general design.
An electric motor replaces the combustion engine of a conventional car, or the combustion-electric engine of a hybrid. An electric car's motor is powered by the battery pack.
The battery pack is an array of batteries that supply energy to the electric motor. The battery pack is charged at a charging station (at home, work, or in a variety of car-parks & petrol stations), or via features like regenerative braking - the battery is recharged by the kinetic energy generated when braking.
Electric cars don't require a conventional gearbox - the motor generates 100% of its torque at very low revs, which also allows for impressive acceleration. Because of so few moving parts, you'll also find the ride smoother and quieter than a regular petrol or diesel car.
There are plenty of reasons to lease an electric car, benefiting both business and private drivers.
Emissions and efficiency
Roughly 75% of your car's environmental impact comes from driving it, which makes electric car leasing the best option available for drivers wanting to reduce their carbon footprint. Manufacturers are working on the remaining 25%.
Thanks to recent advances in technology, most new electric cars will run for between 120 and 200 miles on a single charge (official mileages can vary), and charging can cost as little as 3.7p per mile - which means big savings for you.
Our electric car lease deals are perfect for a business driver looking to save money.
Electric cars attract better Benefit in Kind rates, which for a company car driver means more money left in your pocket.
The table below illustrates the current rates for an electric vehicle (for the complete table click here).
|2020-21 (%)||2021-22 (%)||2022-23 (%)|
Let's show you some numbers: We will pretend your business is leasing a VW e-Golf with a p11D of approx. £33,785, and that you are in the 20% tax bracket.
The range of an electric car depends on how large its battery is. According to Which? tests, the tested range of several electric cars was between 58 miles and 242 miles. Government statistics show 56% of trips made by car were under five miles, 38% were five to 25 miles, and only 2% of trips were 25 miles or more, showing that most electric vehicles pack more than enough range for daily use.
So, if you use your car for local trips and a 30-minute commute, or even if you drive a decent number of miles every day, most electric vehicles will easily accommodate your driving, letting you charge your car when you get home at night.
There are two main ways to charge an electric car. A dedicated home charging point allows you charge your car at home, while publicly accessible charging points can be found at over 5,000 UK locations. Read on to find out more about charging an electric car.
Charge at home
The most common charging method if you choose to charge in your driveway is using a standard mains socket, which is the easiest but slowest charging option available, and will require you to run a lead from your car to the nearest plug.
Alternatively, you can get a fast-charging point installed in your home by a qualified electrician. This may cost you money, but it’ll give you super-fast charging times and an easy-to-use charging point in your driveway.
Public charging points
According to free charging point mapping service Zap Map (iOS, Android), there are over 14,000 charging points at over 5,000 public locations across the UK, with the majority of these being fast or rapid connections that can fully charge a battery in between 20 minutes and three hours.
Obviously, you run the risk of not being able to find a charging point, but with more being added every month, and apps like Zap Map available, this is becoming less of an issue as time goes on.
The cost of charging an electric car differs depending on the model, size of battery and amount of charge required:
Like the sound of electric? Here are some of our favourite electric car leases here at UK Carline.
Tesla Model S
Producer of the best electric cars on the market, Tesla wow with their extraordinarily fast, luxurious cars, and the Model S is the jewel in the company’s crown. The ‘Ludicrous Performance’ model offers 0-62mph in a blindingly quick 2.7 seconds, and a range of around 400 miles – seriously beating most petrol and diesel engines.
BMW’s most popular all-electric is a solid family car that’s available for a great price. Quick off the mark and coming with loads of entertainment and comfort features in its cabin, the i3 is sure to make the whole family happy.
There are lots of electric vans available these days, but Nissan’s E-NV200 is a solid choice, produced by the company that brought hybrid and electric cars into the mainstream. Boasting loads of space and features, it’s a great choice for any van driver.
A nippy city car with a range that’s nearly 100km, the VW e-Up is the perfect electric car for city-dwellers. Made with Volkswagen’s signature eye for quality and attention to detail, you’ll be able to rely on it to take whatever your urban driving throws at it.
Electric cars are one of the best options for environmentally and cost-conscious drivers right now. Explore our electric cars using the comparison tool or read our guide to hybrid car leasing and view UK Carline’s hybrid lease deals.