Octopus Electric Vehicles (Octopus EV) has seen EV leasing enquiries jump 36% since the start of the conflict in the Middle East.
Octopus EV looked at EV leasing enquiries from 1st to 22nd March compared with 8th 28th February 2026.
With global oil and gas markets in flux, petrol prices have climbed to £1.48 per litre and diesel to £1.73 per litre – some of the highest levels seen in over a year, based on the RAC fuel watch.
Electric vehicles now make up around one in four new car sales in the UK, according to research from New Automotive.
As energy markets remain volatile, Octopus said it expects demand for EVs to keep growing, helping drivers protect themselves from unpredictable fuel costs and take control of their energy use.
Gurjeet Grewal, CEO of Octopus Electric Vehicles, said: “Drivers are feeling the pinch every time they fill up their tank.
“We’re seeing a real shift – people want certainty over their bills. Leasing an electric car gives drivers a simple, affordable way to break free from unpredictable fuel prices.”
