19 Jul 21

EVs account for more than half leasing company's orders in June

Battery electric vehicles accounted for more than half of the new car orders at a top 10 leasing company in the UK last month.

Zenith, an independent leasing and fleet management company with a fleet of more than 50,000 vehicles, has reported that BEVs achieved a 54% share of its new car orders in June.

Over the past year, 41% of Zenith’s orders have been for BEVs, as companies switch to zero emission models to honour their corporate environmental and social responsibilities and drivers take advantage of negligible company car tax rates (just 1% tax).

Ian Hughes, CEO, car and van division at Zenith (pictured above), said: “Company car and salary sacrifice car scheme drivers continue to be attracted to the significant Benefit-in-Kind (BiK) tax savings that can be made when choosing an EV, the ever-growing choice in vehicles and confidence in the charging infrastructure.”

Salary sacrifice schemes allow all employees to access a company car-type benefit, paying for the vehicle through pre-tax, gross income.

Zenith has also reported a sharp increase in demand for electric vans, which accounted for 69% of its new van orders in June, compared to just 1% in the same month last year. E-vans have accounted for almost one in three of its van orders over the past 12 months.


Image: Zenith

Authored by: Jonathan Manning