Electric cars have become an increasingly popular choice for vehicle buyers, and the latest data suggests the demand for financing electric vehicles has significantly increased in the past year. Car Plus has found that there has been a 200 per cent rise in the demand for electric car finance in the past 12 months. The surge in demand is said to be due to the decreasing costs of electric vehicles as well as awareness of the environmental benefits of using an Electric vehicle.
This study has also found that the obstacles for consumers switching to electric vehicles would be the lack of charging infrastructure and range anxiety. Despite this, the overall increase in demand for electric car finance suggests that more people are becoming interested in making the switch to electric cars and that the market for electric vehicles and associated financing options is set to continue growing in the coming years
Source: https://carplus.co.uk/magazine/electric-car-finance-demand-increased-200-in-past-12-months/
