electric/hybrid

Leasing.com data finds 106 percent growth in consumer demand for EVs

Annual demand for electric vehicles (EVs), Hybrids and Plug-In Hybrids surpassed diesel for the first time in 2021 as consumers rapidly transition to electric, according to the latest data from car leasing comparison website Leasing.com.
Leasing.com data finds 106 percent growth in consumer demand for EVs
Courtesy of NREL.

The data shows sales enquiries for EVs (including hybrids in the Leasing.com data) grew by 106 percent in 2021 compared to 2020, while demand for diesel fell by 7 percent last year. Overall, there were 75 percent more sales enquiries for electric than there were for diesel.

EVs accounted for 30 percent of Leasing.com’s total sales enquiries in 2021 up from 19 percent in 2020  and only beaten by petrol, which accounted for 52 percent of new car enquiries last year. Battery Electric Vehicles (BEVs) drove the sector forward, with a 101 percent rise in demand in 2021 compared to 2020. BEVs accounted for over 16 percent of Leasing’s total enquiries in 2021, just short of diesel at 17 percent and up from 10 percent in 2020.

“Just a few years ago, consumers were unsure about EVs due to range, cost and infrastructure” said Paul Harrison, Head of Strategic Partnerships at Leasing.com. “Those concerns have eased for many consumers thanks to new BEVs regularly topping 300 miles on a full charge and more accessible models and body styles entering the market.”

If 2020 was the tipping point, then 2021 was the year that electric motoring entered the mainstream according to Leasing.com which expects EV sales enquiries to surpass 50 percent of total enquiries this year, and BEVs to account for 25 percent of all demand.

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