Developer docs
API playgroundTry for free, no card

Search company profiles

British Vehicle Rental and Leasing Association

Full company profile

uuid000dchv

Namestring
British Vehicle Rental and Leasing Association
Legal namestring
British Vehicle Rental and Leasing Association Limited
Websiteurl
bvrla.co.uk
Company typeenum
Private
Founded yearint
1967
Descriptiontext

The British Vehicle Rental and Leasing Association (BVRLA) is a UK trade association founded in 1967 and headquartered in Amersham, Buckinghamshire. It represents 1,000 member organisations operating in or engaging with the UK vehicle rental, leasing and fleet management sector, spanning SMEs through to publicly listed companies. Its member fleet portfolio comprises 4.55 million cars, vans and trucks, equating to approximately one-in-ten cars, one-in-six vans and one-in-six trucks on UK roads. The organisation positions itself as the collective voice of the industry, engaging policymakers, regulators and local authorities on legislation affecting vehicle rental, leasing and fleet operations, and operating within a defined mission to advance safe, sustainable and affordable road transport.

BVRLA's service portfolio is built around a governance and standards framework rather than a technology product. The core offering comprises mandatory Codes of Conduct for Leasing, Rental, Leasing Broker and Rental Broker members, audited through a formal governance programme that verifies compliance with GDPR, FCA and CMA requirements. Supplementary services include the Fair Wear and Tear Guide (an industry-standard reference for end-of-lease vehicle condition), the government-approved Alternative Dispute Resolution (ADR) service for unresolved consumer complaints, the myBVRLA member portal for account management, a public Member Directory enabling consumer referrals, and the Vehicle Mileage Check data service integrated with HPI, Experian and Autotrader. Content distribution occurs through a newsroom, weekly newsletters, podcasts, blogs, sector-specific conferences (including the annual Fleets in Charge event), and learning and development programmes.

The revenue model is membership-based, with fees structured by membership tier and member company size; pricing is not publicly disclosed. BVRLA Limited is a private limited company in England, with no public listing, parent company, subsidiaries, funding rounds, or external institutional investors identified. The organisation is member-governed and operates with a small headcount of 11–50 employees, relying on member subscriptions, event revenue, and the sale of guidance products and services for operating income.

Short descriptiontext

The BVRLA is the UK trade association for vehicle rental, leasing, and fleet management companies, representing 1,000 member organisations operating a combined fleet of 4.55 million vehicles. It sets industry standards through Codes of Conduct, runs a government-approved ADR service, and advocates on policy.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersAmersham, United Kingdom
HQ citystring
Amersham
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
trade association services, vehicle leasing standards, fleet management advocacy, industry codes of conduct, alternative dispute resolution
NAICS code1 code
  • Business Service Centers56143
SIC code1 code
  • Services-Equipment Rental & Leasing, Nec7359
Product category
Industry Trade Association Services
Social media profiles2 records
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

The BVRLA is a UK trade association that delivers a unified portfolio of governance, standards and advocacy services for the vehicle rental, leasing and fleet management industry. Its core offering centres on mandatory Codes of Conduct enforced through an audit-based governance programme, supported by industry guidance (including the Fair Wear and Tear Guide), a government-approved Alternative Dispute Resolution service, a member directory for consumer validation, and policy advocacy with UK government and regulators.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • 1,000 member organisations representing significant market share
+1 more record
Product overview1 text field

The British Vehicle Rental and Leasing Association operates as a trade association providing a unified portfolio of industry services rather than a technology product platform. The core offering includes industry Codes of Conduct (Leasing, Rental, Leasing Broker, and Rental Broker) enforced through a mandatory governance programme. Supporting services include the Fair Wear and Tear Guide for vehicle condition standards, the Alternative Dispute Resolution (ADR) service for consumer complaints, the myBVRLA member portal for account management, a Member Directory for industry validation, and Vehicle Mileage Check data services partnered with HPI, Experian, and Autotrader. This portfolio supports members in maintaining compliance, resolving disputes, and delivering safe, sustainable road transport.

Product and service6 records
1BVRLA Fair Wear and Tear Guide
CategoryIndustry Guidance Standard
Description

An industry-standard guide defining acceptable vehicle condition at lease end, used to distinguish fair wear and tear from damage when a leased vehicle is returned; relied on by BVRLA members, lessees and the ADR service.

2BVRLA Member Directory
CategoryMember Service
Description

A definitive online listing of the association's rental, leasing, broker and associate members, including vehicle manufacturers and industry suppliers; used by consumers and businesses to find and validate reputable BVRLA member companies.

3Alternative Dispute Resolution (ADR) Service
4myBVRLA Member Portal
CategoryMember Portal
Description

An online portal for BVRLA members to manage their accounts, update organisation details, and access member services.

5BVRLA Codes of Conduct
CategoryCompliance Framework
Description

Mandatory Codes of Conduct covering Leasing, Rental, Leasing Broker, and Rental Broker operations that BVRLA members must adhere to, with compliance audited through the BVRLA governance programme.

6Vehicle Mileage Check
CategoryData Service
Description

A service allowing users to verify vehicle mileage records, with data contributed by BVRLA members to HPI, Experian, and Autotrader.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

UK trade association for the automotive industry, with overlapping policy advocacy, standards-setting and government-facing member services. Most directly comparable to BVRLA in terms of trade association structure, member-funded model, and influence on UK automotive regulation.

TypeDirect peer
Description

UK trade body for insurance intermediaries operating a Code of Conduct, member directory, advocacy and member support services from a small headquarters team. Directly comparable on trade association operating model, member compliance focus, and government advocacy function.

TypeDirect peer
Description

European federation of national automotive leasing and fleet management associations, of which BVRLA is itself a member. Provides the most direct cross-border peer comparison on policy advocacy, standards and statistical data services for the leasing industry.

TypeDirect peer
Description

US trade association for the commercial equipment leasing and finance industry. Comparable in member-funded model, advocacy function, industry data products and codes of practice for leasing members.

5National Association of Fleet Administrators (NAFA)
TypeDirect peer
Description

US-based association serving corporate fleet management professionals with education, certification, advocacy and best-practice resources. Highly comparable on member mix (fleet operators, leasing companies, suppliers), certification programmes and member-driven content library.

6American Automotive Leasing Association (AALA)
TypeDirect peer
Description

US trade association specifically focused on the vehicle leasing industry, advocating on tax, legal and regulatory issues affecting lessors. Closest US counterpart on BVRLA's vehicle leasing-specific remit and policy advocacy focus.

7British Automotive Aftermarket Association (BAAS / SMMT Aftermarket)
TypeBroad incumbent
Description

UK trade body representing the automotive aftermarket (parts, repair, servicing) within the broader SMMT group. Comparable trade-association operating model covering an automotive services sub-sector with overlapping regulatory and standards-setting concerns.

TypeEmerging player
Description

UK association focused on the vehicle remarketing sector — i.e. disposal of ex-lease and ex-fleet vehicles. Closely adjacent to BVRLA's lease-end processes (Fair Wear and Tear, mileage verification) and serves a partially overlapping member base.

TypeBroad incumbent
Description

UK trade association for the logistics sector including commercial vehicle operators. Comparable member-funded advocacy trade body model, with overlapping interest in fleet regulations, driver standards, and government affairs on transport policy.

10Fleet Industry Partnership / ACFO
TypeEmerging player
Description

UK association for corporate fleet decision-makers (car/fleet managers in end-user organisations). Adjacent member base to BVRLA (fleet operators rather than lessors) with overlapping interests in company car policy, taxation, and EV transition guidance.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

British Vehicle Rental and Leasing Association

Industry Trade Association Servicesbvrla.co.uk

The BVRLA is the UK trade association for vehicle rental, leasing, and fleet management companies, representing 1,000 member organisations operating a combined fleet of 4.55 million vehicles. It sets industry standards through Codes of Conduct, runs a government-approved ADR service, and advocates on policy.

What British Vehicle Rental and Leasing Association does

The British Vehicle Rental and Leasing Association (BVRLA) is a UK trade association founded in 1967 and headquartered in Amersham, Buckinghamshire. It represents 1,000 member organisations operating in or engaging with the UK vehicle rental, leasing and fleet management sector, spanning SMEs through to publicly listed companies. Its member fleet portfolio comprises 4.55 million cars, vans and trucks, equating to approximately one-in-ten cars, one-in-six vans and one-in-six trucks on UK roads. The organisation positions itself as the collective voice of the industry, engaging policymakers, regulators and local authorities on legislation affecting vehicle rental, leasing and fleet operations, and operating within a defined mission to advance safe, sustainable and affordable road transport.

BVRLA's service portfolio is built around a governance and standards framework rather than a technology product. The core offering comprises mandatory Codes of Conduct for Leasing, Rental, Leasing Broker and Rental Broker members, audited through a formal governance programme that verifies compliance with GDPR, FCA and CMA requirements. Supplementary services include the Fair Wear and Tear Guide (an industry-standard reference for end-of-lease vehicle condition), the government-approved Alternative Dispute Resolution (ADR) service for unresolved consumer complaints, the myBVRLA member portal for account management, a public Member Directory enabling consumer referrals, and the Vehicle Mileage Check data service integrated with HPI, Experian and Autotrader. Content distribution occurs through a newsroom, weekly newsletters, podcasts, blogs, sector-specific conferences (including the annual Fleets in Charge event), and learning and development programmes.

The revenue model is membership-based, with fees structured by membership tier and member company size; pricing is not publicly disclosed. BVRLA Limited is a private limited company in England, with no public listing, parent company, subsidiaries, funding rounds, or external institutional investors identified. The organisation is member-governed and operates with a small headcount of 11–50 employees, relying on member subscriptions, event revenue, and the sale of guidance products and services for operating income.

British Vehicle Rental and Leasing Association firmographics

Firmographics
Name
British Vehicle Rental and Leasing Association
Legal name
British Vehicle Rental and Leasing Association Limited
Website
https://bvrla.co.uk
Company type
Private
Founded year
1967
Operating status
Operating
Headcount range
11–50 employees
Short description
The BVRLA is the UK trade association for vehicle rental, leasing, and fleet management companies, representing 1,000 member organisations operating a combined fleet of 4.55 million vehicles. It sets industry standards through Codes of Conduct, runs a government-approved ADR service, and advocates on policy.
Ownership category
akta.pro rank

Where British Vehicle Rental and Leasing Association is headquartered

Location

Headquarters

HQ city
Amersham
HQ country
United Kingdom
HQ region
Europe

Offices1 record

Markets served

British Vehicle Rental and Leasing Association business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Others

Distribution channels1 record

Marketing channels5 records

British Vehicle Rental and Leasing Association product offering

Product offering

Core offering

The BVRLA is a UK trade association that delivers a unified portfolio of governance, standards and advocacy services for the vehicle rental, leasing and fleet management industry. Its core offering centres on mandatory Codes of Conduct enforced through an audit-based governance programme, supported by industry guidance (including the Fair Wear and Tear Guide), a government-approved Alternative Dispute Resolution service, a member directory for consumer validation, and policy advocacy with UK government and regulators.

Product overview

The British Vehicle Rental and Leasing Association operates as a trade association providing a unified portfolio of industry services rather than a technology product platform. The core offering includes industry Codes of Conduct (Leasing, Rental, Leasing Broker, and Rental Broker) enforced through a mandatory governance programme. Supporting services include the Fair Wear and Tear Guide for vehicle condition standards, the Alternative Dispute Resolution (ADR) service for consumer complaints, the myBVRLA member portal for account management, a Member Directory for industry validation, and Vehicle Mileage Check data services partnered with HPI, Experian, and Autotrader. This portfolio supports members in maintaining compliance, resolving disputes, and delivering safe, sustainable road transport.

Differentiator

Problem solved

Functional benefit

Products and services

  • BVRLA Fair Wear and Tear Guide An industry-standard guide defining acceptable vehicle condition at lease end, used to distinguish fair wear and tear from damage when a leased vehicle is returned; relied on by BVRLA members, lessees and the ADR service.
  • BVRLA Member Directory A definitive online listing of the association's rental, leasing, broker and associate members, including vehicle manufacturers and industry suppliers; used by consumers and businesses to find and validate reputable BVRLA member companies.
  • Alternative Dispute Resolution (ADR) Service
  • myBVRLA Member Portal An online portal for BVRLA members to manage their accounts, update organisation details, and access member services.
  • BVRLA Codes of Conduct Mandatory Codes of Conduct covering Leasing, Rental, Leasing Broker, and Rental Broker operations that BVRLA members must adhere to, with compliance audited through the BVRLA governance programme.
  • Vehicle Mileage Check A service allowing users to verify vehicle mileage records, with data contributed by BVRLA members to HPI, Experian, and Autotrader.

Quantifiable outcome

  • 1,000 member organisations representing significant market share
  • +1 more outcomes

Companies that use British Vehicle Rental and Leasing Association

Customer profile

Segments4 records

Ideal customer profiles4 records

British Vehicle Rental and Leasing Association technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

British Vehicle Rental and Leasing Association partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

British Vehicle Rental and Leasing Association competitors and assessment

Company assessment

Direct peers

  • Society of Motor Manufacturers and Traders (SMMT): UK trade association for the automotive industry, with overlapping policy advocacy, standards-setting and government-facing member services. Most directly comparable to BVRLA in terms of trade association structure, member-funded model, and influence on UK automotive regulation.
  • British Insurance Brokers' Association (BIBA): UK trade body for insurance intermediaries operating a Code of Conduct, member directory, advocacy and member support services from a small headquarters team. Directly comparable on trade association operating model, member compliance focus, and government advocacy function.
  • Leaseurope: European federation of national automotive leasing and fleet management associations, of which BVRLA is itself a member. Provides the most direct cross-border peer comparison on policy advocacy, standards and statistical data services for the leasing industry.
  • Equipment Leasing and Finance Association (ELFA): US trade association for the commercial equipment leasing and finance industry. Comparable in member-funded model, advocacy function, industry data products and codes of practice for leasing members.
  • National Association of Fleet Administrators (NAFA): US-based association serving corporate fleet management professionals with education, certification, advocacy and best-practice resources. Highly comparable on member mix (fleet operators, leasing companies, suppliers), certification programmes and member-driven content library.
  • American Automotive Leasing Association (AALA): US trade association specifically focused on the vehicle leasing industry, advocating on tax, legal and regulatory issues affecting lessors. Closest US counterpart on BVRLA's vehicle leasing-specific remit and policy advocacy focus.

Broad incumbents

  • British Automotive Aftermarket Association (BAAS / SMMT Aftermarket): UK trade body representing the automotive aftermarket (parts, repair, servicing) within the broader SMMT group. Comparable trade-association operating model covering an automotive services sub-sector with overlapping regulatory and standards-setting concerns.
  • Logistics UK: UK trade association for the logistics sector including commercial vehicle operators. Comparable member-funded advocacy trade body model, with overlapping interest in fleet regulations, driver standards, and government affairs on transport policy.

Emerging players

  • Automotive Remarketing Association: UK association focused on the vehicle remarketing sector — i.e. disposal of ex-lease and ex-fleet vehicles. Closely adjacent to BVRLA's lease-end processes (Fair Wear and Tear, mileage verification) and serves a partially overlapping member base.
  • Fleet Industry Partnership / ACFO: UK association for corporate fleet decision-makers (car/fleet managers in end-user organisations). Adjacent member base to BVRLA (fleet operators rather than lessors) with overlapping interests in company car policy, taxation, and EV transition guidance.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

British Vehicle Rental and Leasing Association social profiles

Digital presence

British Vehicle Rental and Leasing Association financial estimates

Financial estimate

Revenue estimate

Valuation estimate

British Vehicle Rental and Leasing Association leadership team

Management profile

Number of profiles

Profiles1 record

British Vehicle Rental and Leasing Association funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

British Vehicle Rental and Leasing Association M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about British Vehicle Rental and Leasing Association

What does British Vehicle Rental and Leasing Association do?

The BVRLA is a UK trade association that delivers a unified portfolio of governance, standards and advocacy services for the vehicle rental, leasing and fleet management industry. Its core offering centres on mandatory Codes of Conduct enforced through an audit-based governance programme, supported by industry guidance (including the Fair Wear and Tear Guide), a government-approved Alternative Dispute Resolution service, a member directory for consumer validation, and policy advocacy with UK government and regulators.

Is British Vehicle Rental and Leasing Association a public or private company?

British Vehicle Rental and Leasing Association is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was British Vehicle Rental and Leasing Association founded?

British Vehicle Rental and Leasing Association was founded in 1967. It employs 11 to 50 people.

Where is British Vehicle Rental and Leasing Association based?

British Vehicle Rental and Leasing Association is headquartered in Amersham, United Kingdom, in the Europe region.

Who are British Vehicle Rental and Leasing Association's main competitors?

Direct peers on record are Society of Motor Manufacturers and Traders (SMMT), British Insurance Brokers' Association (BIBA), Leaseurope, Equipment Leasing and Finance Association (ELFA), National Association of Fleet Administrators (NAFA) and American Automotive Leasing Association (AALA). Broad incumbents are British Automotive Aftermarket Association (BAAS / SMMT Aftermarket) and Logistics UK. Emerging players are Automotive Remarketing Association and Fleet Industry Partnership / ACFO.

Does British Vehicle Rental and Leasing Association have an API?

No public API is recorded for British Vehicle Rental and Leasing Association.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
FleetnewseVED is the ‘wrong tax at the wrong time’Delegates at the BVRLA’s Fleets in Charge conference criticized the UK government's proposed eVED pay-per-mile tax on electric vehicles, arguing it will increase costs and hinder EV adoption. Industry analysis by EY estimates the administrative burden and lost productivity from the scheme could cost companies £260 million in 2028. Critics warn that similar policies in countries like Iceland have significantly reduced EV market share, suggesting this tax could derail the UK's transition to zero-emission cars.GreenFleetNew analysis maps eVED burden on drivers across UKThe British Vehicle Rental and Leasing Association (BVRLA) and New Automotive published an analysis mapping the financial impact of a proposed 3p per mile electronic Vehicle Excise Duty (eVED) across UK parliamentary constituencies. The study indicates that rural drivers face a disproportionately higher annual burden compared to urban drivers due to longer mandatory travel distances and lack of public transport alternatives. Industry leaders argue this flat-rate structure creates structural unfairness, particularly as fuel duty remains unchanged.FleetnewsRural drivers to pay more under EV tax plans, BVRLA findsThe British Vehicle Rental and Leasing Association (BVRLA) analysis indicates that the UK Government's proposed electronic Vehicle Excise Duty (eVED) will disproportionately burden rural drivers, who could pay up to £260 annually compared to £79 for urban drivers due to higher mileage and lack of public transport alternatives. While individual rural costs are higher, the total tax yield is projected to be highest in urban areas with greater EV adoption, such as Brent East and Stockport. The BVRLA argues the flat per-mile charge is unfair and fails to account for the necessity of driving in less connected regions.Van Fleet WorldBVRLA Leasing Outlook: LCV fleet size falls as new van sales declineThe BVRLA's Q3 2025 Leasing Outlook Report shows the UK's car and van lease fleet grew 8% to 1.98 million vehicles, breaking the 1.5 million barrier for the first time in seven years. However, this volume growth comes at the expense of margins, with BVRLA member confidence in future margins down 40% year-on-year, and the LCV sector specifically contracting by 4.2% as customers extend existing van contracts rather than purchase new ones. The association warns that electric van uptake remains minimal at 10% of the fleet, while concerns over EV depreciation and the proposed eVED pay-per-mile regime are expected to further pressure the sector in 2026.FleetnewsNew data shows vital role of benefit-in-kind tax to EV adoptionThe British Vehicle Rental and Leasing Association (BVRLA) released data showing that favourable benefit-in-kind tax treatment continues to drive electric vehicle adoption in the UK, with salary sacrifice customers four times more likely to choose fully electric vehicles than personal contract hire customers. The UK vehicle leasing market grew 8% year-on-year to 1.98 million vehicles, approaching the two-million mark. However, the BVRLA warned that this volume growth is coming at the expense of margins due to compliance costs, cash-strapped customers, and EV depreciation, with conditions expected to worsen in 2026.AM-onlineExecutive View: Iceland trip exposes pay-per-mile flawsThe British Vehicle Rental and Leasing Association (BVRLA) argues that the UK's proposed electronic vehicle emissions duty (eVED) faces significant risks by ignoring the failures of Iceland's similar per-kilometer charging system. Following a study tour, BVRLA reported that Iceland's implementation caused EV demand to collapse from 50% to 26% and rendered EV rentals unprofitable due to high administrative burdens and design flaws. The association warns that the UK's plan, which places liability on registered keepers rather than users, lacks necessary digital infrastructure and could incur compliance costs reaching £260 million annually.FleetnewsFleets will face 'significant' costs from EV pay-per-mile tax plansThe British Vehicle Rental and Leasing Association (BVRLA) warns that the UK Government's proposed pay-per-mile electric vehicle duty could cost the fleet sector £260 million annually by 2028 due to administration expenses and lost productivity. Industry leaders argue the policy is inefficient and poorly timed, potentially hindering EV adoption by adding significant operational friction and costs for businesses and consumers.Evening StandardCompanies switching to used EVs for car fleetsUK leasing companies reported that contracts for used cars in the second quarter reached more than two-and-a-half times the level of the same period a year earlier, compared with an 11% increase for new cars. The British Vehicle Rental & Leasing Association (BVRLA), which released the figures, said many members are increasingly re-leasing used EVs as a solution to the steep depreciation of new cars. The supply of used EVs and consumer interest in driving them is growing, with industry leaders framing this trend as essential to making electric mobility economically sustainable.The IndependentCompanies switching to used EVs for car fleetsUK leasing companies are reporting a surge in demand for used electric vehicles, with contracts for used cars more than two-and-a-half times higher in the three months to June compared with the same period last year, while new car contracts rose just 11%. The British Vehicle Rental & Leasing Association released figures showing that many of its members are increasingly re-leasing used EVs as a solution to steep new car depreciation. Industry leaders say the growing supply of used EVs and consumer interest is supporting the zero-emission vehicle ecosystem, with surveys indicating that drivers become significantly more likely to consider EVs when given accurate information about battery lifespan and running costs.