Electric cars are reportedly experiencing a surge in popularity, with rising fuel prices leading drivers to lease EVs at record rates.
Octopus Electric Vehicles, the car-leasing arm of the energy firm, reports that its EV orders rose by 89% in March compared to the previous month.
The firm says “EVs offer more consistent running costs” than petrol and diesel cars, and that battery powered cars are “proving increasingly attractive to households looking to manage their budgets more effectively”.
The company’s chief executive, Gurjeet Grewal, is of the opinion that “an 89% jump in orders in a single month shows this isn’t a gradual shift any more - it’s a tipping point.”
He added: People are looking for certainty and control over their costs. Electric vehicles offer both. With smart tariffs and simple leasing, drivers can take back control from unpredictable fuel prices and enjoy a cleaner, more affordable way to drive.”
In other EV news, chargepoint firm Believ has announced it is to install six ultra-rapid charging bays at the Firehouse hotel and restaurant in Oxford, while car-rental firm Europcar grew its EV fleet by 70% in 2025 and saw a 93% rise in electric-vehicle rental sessions.
