'EV demand boom': Octopus EV reports surge in leases for used electric cars

Stuart Stone
clock • 2 min read
Credit: Octopus Energy
Image:

Credit: Octopus Energy

Firm claims surging interest in second-hand EVs driven by influx of cheaper models and promise of lower monthly running costs compared to petrol and diesel cars following the Iran war

Octopus Electric Vehicles has reported a huge surge in demand for second-hand electric cars through its leasing service, as yet more UK drivers seek to save on fuel costs by making the switch to battery-powered...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

'Exciting new era': Jaguar debuts first electric vehicle

'Exciting new era': Jaguar debuts first electric vehicle

JLR confirms production of £130,000 Jaguar Type 01 will begin in Solihull from early 2027

Stuart Stone
clock 07 October 2026 • 2 min read
Zapmap: Charging installations grow nine per cent to 125,000 public EV charge points

Zapmap: Charging installations grow nine per cent to 125,000 public EV charge points

Zapmap data shows ultra-rapid chargers continue to grow fastest with a 39.1 per cent year-on-year growth

clock 06 October 2026 • 3 min read
Reports: UK preparing tariffs on Chinese electric vehicles

Reports: UK preparing tariffs on Chinese electric vehicles

Move designed to protect domestic manufacturers, but new import tariffs could push up prices for electric vehicles

James Murray
clock 05 October 2026 • 2 min read