BMW i3
Cars such as the BMW i3 will be eligible under the Lex Autolease £1m EV fund

LEASING brokers will be able to take full advantage of Lex Autolease’s commitment of £1000 towards the cost of a new fully electric vehicle.

Tim Porter, Lex Autolease Managing Director, made the anouncement at the Zero Emission Vehicle Summit in Birmingham this week (September 9-10, 2018).

The company is launching a new fund to offer contributions of £1,000 towards the cost of 1,000 new pure electric vehicles. In total, the Lex Autolease commitment is a cool £1m.

The fund is available from January 2019 and goes on a first come first served basis: the first 1000 get the £1000 per vehicle green support fund.

Lex Autolease said that specific details, terms and conditions would be shared with leasing brokers closer to the launch date of January 01, 2019.

Tim Porter said:

In July, the Government set out its ambition for at least half of new vehicles to be ultra-low emission by 2030. Our announcement highlights our commitment to supporting this ambition and the role we, as the UK’s leading vehicle leasing provider, can play in helping to make it happen.

Porter added that the fund would support Lex Autolease in doubling the size of its pure electric vehicle fleet while helping its customers to collectively achieve 25 million zero-emission miles over the next five years.

“As the global automotive industry goes through this transformative period, the leasing industry has a huge role to play. We have been working with customers for a number of years to help them upgrade to low emission vehicles – where it’s the right move for them as individual drivers or fleets. We’re ideally placed to provide the guidance and support that drivers and fleets need in order to make this important transition.”

Steve Cocks, Director of Lex Autolease’s Broker Division added:

“Our focus is on providing the guidance and resources that brokers need to deliver the best outcomes for their customers, and that includes competitive offers and incentives to drive uptake of the latest, greenest vehicle technology.

“We continue to enjoy strong performance in the broker channel, which is testament to the excellent service delivered by our partners and their understanding of customers’ needs, especially in light of the rapidly evolving technological and legislative environment.

“As interest in low and zero-emission vehicles increases, so does awareness and understanding of the benefits of contract hire and leasing. Along with our partners, we are keen to make the most of this opportunity, and to make a positive contribution to the wider efforts to secure a low-carbon future for the country.”

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