As with combustion engine vehicles, there is a number of routes drivers can take to gain access to an electric vehicle. As the number of electric vehicles on our roads continues to grow so does the access options.
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Direct Ownership
If the initial purchase price of an Electric Vehicle isn’t a major concern, direct ownership may be the most suitable option. This is where the driver simply pays the required cost of the vehicle to the dealer and takes possession. The owner is liable to for any additional costs, servicing and maintenance subject to the agreement entered into with the dealership.
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Electric Car Subscription Services
Drivers in the UK are currently being offered increased access to Electric Car subscription services. This is considered to be the most flexible way of getting hold of an Electric Car and subscriptions are bundling the costs of insurance and maintenance as part of the subscription fee with many providers offering zero-deposit leases over flexible periods to encourage more zero-emission cars onto the roads. Subscription services will also offer monthly rolling contracts and deliver vehicles directly to your door.
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EV Leasing
Vehicle leasing gives the driver use of an Electric Vehicle for a fixed period of time, having agreed an amount of money for the lease. Following the primary lease term the driver will return the vehicle to the leasing company or buy it for a residual value. Leasing helps minimise the upfront financial commitment and any depreciation in the vehicle’s value over time is factored into the agreement.
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EV Rental
If you need an Electric Vehicle for a short time only, a rental scheme may be the most suitable option. In these instances vehicles can be used for periods from a few hours to a few weeks. All costs are typically included in the rental agreement but ownership will remain with the rental agency.
