Lately, there has been a rising trend toward using EV car rental in the UK. This is mostly due to increased rules and regulations from the UK government encouraging the use of electric cars. Nowadays, every car rental company is trying something new to boost the percentage of electric cars in their fleet.
Electric cars are superior to other cars because of their many advantages. These advantages include lower carbon emissions, better fuel efficiency, a calmer ride, less engine noise, and electric car charging stations for home from platforms like
Ocular Charging. Taking all of this into consideration, the EV car rental industry in the UK has the potential to see substantial growth in the next years. Between 2022 and 2030, it is expected to grow by 15% each year on average.
The Increase in Sales
The sales of electric vehicles have increased by 65% year over year, according to the SMMT (Society of Motoring Manufacturers and Traders). This trend is expected to continue. The highest monthly sales volume was in March 2015, when 6,000 EVs were registered, bringing the number of EVs in the UK to 40,000. The ten best-selling car companies in the UK now offer EVs, which could explain the dramatic increase in sales. Electric vehicles have come a long way from their early, bulky days, and now a wide range of sleek and elegant models are available.
The Support from the Government
Many government rebates can help with the up-front cost of buying an electric vehicle. With the Plug-in Vehicle Grant, the price of a new plug-in electric vehicle already includes subsidies.
- To the amount of £5,000 ($7,000), or 35% of the price of a new electric vehicle
- Savings of up to £8,000 (20%) on the purchase of a commercial electric vehicle.
An Increased Number of Charging Stations
With help from the government, the UK now has more than 8,400 charging stations specifically for electric vehicles, among which you can fully charge a battery within 20 minutes. As a result of these initiatives, driving long distances in an EV is less of a hassle than it once was. In addition, the EV Homecharge Scheme provides up to £700 in subsidies for installing a home charging station for those who own electric vehicles.
Monthly Expenses
An EV will only cost you around £3 to go 100 kilometers. Driving the very same miles in a gasoline-powered car can set you back from £12 to £18. This makes driving an electric car six times less expensive than driving a gasoline car. To get more people to switch to electric cars, several subsidies and possible cost savings have been made.
- There is no tax for electric cars.
- Plug-in cars don’t have to pay the London Congestion Charge at all, which saves their owners $2,900 per year.
- Urban locations often provide free parking spots just for electric cars.
- Because there are fewer moving parts, less service, and repair work will be required.
Hybrid Cars
The Toyota Auris and Toyota Prius are two of the highest-quality and most luxurious hybrid cars on the market, and many big brands are in the process of adding them to their fleet. These elite cars provide the best of both worlds, with exciting performance and world-class efficiency combined with incredibly low carbon dioxide emissions.
Final Words
The rising tourism industry in the UK is a major source of recent developments in the EV car rental market. There is a lot of chaos in the electric vehicle rental market, with many customers preferring to work with a variety of both well-established and new companies. As a result of the industry’s requirement to become more regulated, online EV rental services have become more common. In the coming years, the growing number of online bookings is likely to give the UK’s EV car rental market a big boost.
Rapid advancements in EV rental technology, shifting customer preferences, and rising demand from developing countries have all contributed to rapid EV rental industry expansion in the UK. Other factors that may promote market expansion in the next few years include the rising use of smartphones, the development of the service industry globally, the enforcement of stringent rules regarding automobile emissions, and the exponential rise in the world’s population.
