EVolution is a news, intelligence and analysis service dedicated to the emerging business of supporting electric and hydrogen-fuelled vehicles.

Could 'social leasing' make EVs affordable for all?

Social Market Foundation looks at ways of increasing access to electric vehicles among low-income households

Mark Moran
22 July 2024
Breakdown of motoring expenses with EV operational cost savings
Breakdown of motoring expenses with EV operational cost savings
 

For many people in Britain, electric vehicles represent the most tangible aspect of the green transition, but high upfront costs mean they are disproportionately available to the richest households.

A new report by the Social Market Foundation, a cross-party think tank, looks at how to make electric vehicles more affordable to poorer households, and the benefits they can offer them.

In a paper called Electric Avenues: Increasing access to electric vehicles for low-income households, the Social...

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