Nissan Leaf electric vehicle at charging point
Electric cars such as this Nissan Leaf will be eligible for the Lex Autolease £1000 towards the leasing cost
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  • The UK’s leading car and van leasing provider is offering £1,000 towards the cost of the first 1,000 electric vehicles it leases from 2019

IF YOU’RE thinking of changing to an electric car – then good.

But wait.

Before you hit that sign button, it’s worth waiting until 2019. Because Britain’s biggest leasing company – Lex Autolease – is launching a new £1m electric vehicle (EV) fund. This fund will offer contributions of £1,000 towards the cost of 1,000 new pure electric vehicles.

Lex Autolease made this significant – and not so say generous – announcement at the Zero Emission Vehicle Summit in Birmingham (September 11-12, 2018).

The £1m fund is for the first 1,000 Lex Autolease customers who sign up for a pure electric vehicle from January 2019.

Lex Autolease says the 1,000 electric vehicles could deliver an 8% increase in the total number registered next year.

But do be aware that this fund is for fully electric vehicles – cars or vans – so excludes Plug-in Electric Hyrbid (PHEV) vehicles. (Read The different types of electric vehicle for more on this.)

Tim Porter, Managing Director of Lex Autolease, the vehicle leasing arm of Lloyds Banking Group, commented:

“In July, the Government set out its ambition for at least half of new vehicles to be ultra-low emission by 2030. Our announcement highlights our commitment to supporting this ambition and the role we, as the UK’s leading vehicle leasing provider, can play in helping to make it happen.”    

The £1,000 contribution will be available to business leasing and personal leasing customers.

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