ABC Leasing: Navigating the Shifting Electric Vehicle Landscape with the Kia EV3 and MG4
ABC Leasing, your trusted vehicle leasing broker serving the UK Car & Van leasing market from our Leasing Hubs in Burntwood, Crewe, Warrington, St Helens, and Macclesfield, is keeping a close eye on the changing landscape of electric vehicle (EV) demand. As a leading supplier of EVs for both cars and vans, we are excited to offer our customers access to the latest electric models, including the all-new Kia EV3 and the popular MG4, which are helping to make electric driving more affordable than ever before.
Recent reports suggest a decline in consumer interest in new electric vehicles, but the reality is more nuanced. While new EV sales in the UK have increased by 18.8% this year, driven mainly by fleet sales, consumer demand for new electric vehicles has seen a notable drop. Enquiries for new EVs have fallen by 65% year-on-year, with these cars now accounting for just 9% of total new car inquiries, down from 27% in 2022.
Despite the 65% drop in consumer inquiries for new electric vehicles, the leasing market is showing robust interest in EVs, driven by the appeal of lower upfront costs and flexible leasing options. At ABC Leasing, we’ve seen a growing demand for electric vehicles as more drivers recognize the benefits of leasing, which allows them to access the latest EV technology without the long-term financial commitment of purchasing. With models like the Kia EV3 and MG4 offering exceptional value, more customers are turning to leasing as a practical way to go electric, making this an exciting time for the EV leasing market.
At ABC Leasing, we understand the challenges our customers face when considering a switch to electric vehicles, especially with rising upfront costs and concerns about battery life. This is why models like the Kia EV3 are so important. Launched recently, the Kia EV3 is a game-changer, offering a competitive list price and an impressive 350+ mile range. With affordability at the forefront, this model makes EV ownership more accessible, while its extended range means it's perfectly suited for many UK drivers, whether for daily commuting or longer journeys.
In addition to the Kia EV3, the MG4 has taken the market by storm with its incredible value proposition. ABC Leasing is proud to offer leasing deals on the MG4 for under £200 a month, providing an unbeatable combination of affordability and performance. This model has proven to be popular among customers looking to make the switch to electric without breaking the bank, offering modern features and an efficient driving experience.
The used electric vehicle market is also an area of growing interest. With supply surging by 229% year-on-year, prices of used EVs have dropped by 18%, providing a fantastic opportunity for customers looking for cost-effective alternatives. Over 25% of used EVs are now priced under £20,000, making them a viable option for many.
Demand for used electric vehicles has grown significantly, up 39% in April alone. Our ABC Leasing Hubs across Burntwood, Crewe, Warrington, St Helens, and Macclesfield are well-positioned to help you take advantage of these new opportunities, with faster delivery times and a range of options available to suit every budget.
With models like the Kia EV3 and the MG4 making the switch to electric more attractive, ABC Leasing is committed to supporting our customers through this transition. Whether you're looking for a brand-new electric vehicle or a reliable used option, our leasing plans provide flexibility, affordability, and access to the latest technology in sustainable transport.
Contact your nearest ABC Leasing Hub today and explore our range of electric vehicle options. Together, we can drive towards a greener future.