Drivers who lease new electric cars are allegedly being overcharged by hundreds of pounds a month.
Companies have been accused of failing to reflect the strong resale value of clean cars in their pricing, according to clean transportation campaign group Transport & Environment (T&E).
The monthly cost is usually based on the expected depreciation of the vehicle over the life of the contract – usually three or four years.
but the new lease battery electric vehicle On average, EVs are 51% more expensive than petrol cars, although analysis shows EVs are not falling in value any faster than conventional fuel vehicles.
For example, an electric VW ID.3 costs around £605 a month, while a petrol VW Golf costs £376.
The report found that rental companies still see electric vehicles as a “new and uncertain product”, an “outdated” approach.
Ralph Palmer, head of T&E’s electric fleet, said: “If customers want to switch to an electric car, they are being overcharged by the rental company.
“Rental companies are too conservative in setting monthly prices.
“Their rates reflect what they were five years ago.
“With this pricing strategy, their margins are obviously high, and consumers are paying too much for electric vehicles.
“If the rental company’s prices reflect the reality of the market, more consumers will have access to affordable new EVs (electric vehicles).”
switch to electric
The sale of new petrol and diesel cars will be banned in the UK from 2030, meaning more consumers are looking to buy an electric car for the first time in the next few years.
Leasing businesses such as Lex Autolease, Arval, ALD and Leaseplan account for a fifth of new vehicle purchases.
The government’s approach to electric vehicles means motorists could miss out on savings totaling £9bn by 2043 by continuing to drive petrol cars, according to a report by Energy and Climate Intelligence on Monday.
Last year, it was reported that the cost of charging electric vehicles on a pay-as-you-go basis using public charging points has dropped up 42% In just four months.