North West England leads the way in electric vehicle (EV) leasing, accounting for 19% of all EV leases in the UK, according to new data from Leasing Options.

The analysis, based on Leasing Options’ first-party data, provides a comprehensive overview of the UK’s EV leasing market. London follows with 16% of leases, while the South East ranks third with 12%. In contrast, regions like Wales (4%) and the North East (3%) lag behind, reflecting disparities in EV adoption.

Mike Thompson, Chief Operating Officer at Leasing Options, emphasised the growing popularity of EVs across the UK, driven by expanding charging infrastructure and government incentives.

“The UK’s EV market is growing rapidly, with more drivers exploring electric options. Leasing has become a key part of this growth, allowing more drivers to access EVs at a lower upfront cost,” Thompson stated.

With charging infrastructure expanding by 37% year-on-year and grants available for home chargers, the shift towards sustainable driving is gaining momentum.

Thompson added, “Looking ahead, as charging networks improve and more incentives become available, we’ll see even more people turning to electric vehicles. This transition is crucial for reducing emissions and improving air quality across the UK.”

Insights:

• Leasing has become a significant driver of EV adoption, offering flexibility and affordability.
• Regional variations in leasing highlight the need for targeted infrastructure investment and incentives in underperforming areas.
• The diversity of popular EV models reflects consumer interest in vehicles that balance practicality, design, and cost.