Motorists around the country are ditching diesel vehicles and replacing them with battery electric vehicles, as the popularity of zero emission options continues to grow.
New research has found that leasing enquiries for electric vans have soared by 35.3 per cent in 2024 as motorists turn their backs on diesel models.
By the end of 2025, electric vehicles are projected to make up over 35 per cent of the leasing market, with drivers pushed to switch through emissions targets and increased model availability.
More than 30 zero emission van models are now available on the market, including the Ford Transit Custom, the Vauxhall Combo Cargo and the Volkswagen ID. Buzz.
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Interest in diesel vans is waning as drivers look towards electric models
PA
Drivers and businesses are able to get their hands on a cheaper electric van thanks to the Government's Plug-in Van and Truck Grant, which is set to end on March 31, 2025.
Motorists can save £2,500 on small vans, up to £5,000 on large vans, £16,000 on small trucks and £25,000 on large trucks.
The Zero Emission Vehicle (ZEV) mandate outlines that manufacturers must have at least 28 per cent of sales come from electric models, while 16 per cent of vans must be zero emission.
Mike Fazal, CEO at Leasing.com, emphasised the challenge posed to some motorists who remain cautious of their ability to charge their vehicles if they were to switch.
The expert added: "While financial incentives help lower upfront costs, charging accessibility remains a key concern for businesses.
"Without a robust charging network, both on the road and at depots, many will hesitate to make the switch."
According to the latest data from the Society of Motor Manufacturers and Traders (SMMT), electric cars made up one in four new car registrations in February.
In total, electric cars accounted for 21,244 new registrations, worth 25.3 per cent of the total market share. In comparison, only 4,241 new diesel cars were registered, with its share dropping to just five per cent.
While electric car sales continue to soar, increasing 41.7 per cent year-on-year, interest in diesel wanes further, with a year-on-year drop of 15.1 per cent.
In terms of vans, battery electric models weighing up to 4.25 tonnes grew for the fifth consecutive month, jumping by 55.1 per cent to 1,413 units.
Data from Leasing.com found that affordability, flexibility and reduced waiting times are the key decision-making factors for drivers looking to make use of leasing opportunities.
There has also been a notable uptick in interest for in-stock vehicles, with enquiries rising from 37.3 per cent in 2023 to 59.4 per cent last year.
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There are more than 30 zero emission vans on the market
PAEstablished brands are also being challenged by new manufacturers looking to break into the UK market.
Ford remains the most leased van manufacturer with 25 per cent of the market share, Renault and Chinese brand BYD have seen interest grow dramatically in recent years.
