UK Company Fleets Increase Used EVs Amid New Car Depreciation

Mercedes-Benz has launched the all-electric variant of its popular GLC SUV, known as the GLC with EQ Technology, now available for order starting in Germany and the UK, with prices around $80,000. Meanwhile, consumer interest in electric vehicles (EVs) is rising globally, as seen in Vietnam where battery electric vehicles (BEVs) are increasingly preferred over hybrids, driven by cost savings and environmental concerns, despite concerns about driving range and charging times. In the UK, there is a growing trend among company car fleets to re-lease used EVs, driven by steep depreciation in new EV prices and increasing consumer demand for affordable electric options. This used EV market is seen as critical for supporting the zero-emission ecosystem by making EVs more accessible and economically sustainable. Additionally, electric car sales have recently surpassed diesel sales in the UK, with used EVs gaining popularity for their value and efficiency. These developments indicate a significant shift towards electrification in both consumer preferences and fleet management, highlighting the expanding market and infrastructure for electric mobility.