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Car finances turning on the power

Electric vehicles are becoming ever more popular, and new research has shown that company car drivers may be switching to electric and never going back.

Electric vehicles are becoming ever more popular, and new research has shown that company car drivers may be switching to electric and never going back.

Car finances are still on a rocky road to recovery and it seems that the allure of electric cars and their cheap running costs are tempting drivers to switch. According to The Sunderland Echo who reported research conducted by Lex Autolease, less than fiver per cent of head’s of finance and company car drivers think that petrol will still be the leading fuel in the future.

"Diesel has already overtaken petrol as the fuel of choice in the fleet sector, which is renowned for being an early adopter of new vehicle technologies,” said Chris Chandler from Lex Autolease.

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