Secondhand EV leasing hits the fast lane as more UK drivers explore ways to cut motoring costs

Demand for secondhand electric cars has been helped by steep increases in petrol prices since the US and Israel launched their attacks on Iran in February. Photograph: Toby Melville/Reuters

The number of people leasing used electric cars in the UK has more than doubled in the last year as drivers look for cheaper ways to avoid soaring petrol prices during Donald Trump’s war on Iran.

Used electric car leasing has risen by 170% in the last year across members of the British Vehicle Rental and Leasing Association (BVRLA), a lobby group whose members buy about half the UK’s new vehicles to lease them out to businesses and consumers every year.