Important update
    Vehicle finance commission complaints

    On 3 December 2025, the Financial Conduct Authority extended their deadline on the pause for responding to complaints around motor finance commissions. The pause will now be in place until 31 May 2026. You can find the latest information on our website here:

    Latest information

     

    65% of dealers saw an uplift in the number of customers interested in electric vehicles in the last year.*

     

    Over the last few years

    Consumer interest and attitude towards electric cars has shifted. There’s an increasing amount of evidence to show this market is set to grow.  

     

    Need convincing?

    • The biggest opportunity is drivers aged 18-44, as  they're 43%** more likely to buy a used EV
    • Range anxiety isn't what it used to be - as of 25 February 2026, the average electric car has 230 miles of range, but just 3.5%** of UK drivers drive more than this per week
    • 74%** of EV owners primarily charge at home, and don't rely on the charging infrastructure.

     

    *SMMT and WeBuyAnyCar data Q1 2025.

    **Close Brothers Motor Finance consumer research - January 2026.

    Finance for electric vehicles

    We have a range of finance options available to support your customers that may be interested in financing their next vehicle.

    Personal Contract Purchase (PCP)

    Electric

     

    Vehicle age (start-end)

    • 5 - 8 years

    Mileage (start-end)

    • 70 - 100k

    Annual mileage (min-max)

    • 6 - 25k 

    Conditional Sale and Hire Purchase (CS/HP)

    Electric

     

    Vehicle age (start-end)

    • N/A - 8 years

    Mileage (start-end)

    • 70k - N/A

    Annual mileage (min-max)

    • N/A

     

    Frequently Asked Questions 

    We’ve pulled together some questions that your customers may ask about electric vehicles. 

     

     

      Are electric cars more expensive than petrol or diesel cars?

      While electric cars might have a higher initial purchase price, their lower running and maintenance costs can make them more economical in the long run. That being said, as more manufacturers enter the electric market, they’re becoming more affordable – as of June 2025, there are 12 new electric vehicles listed under £30,000.

      Are there enough charging points in the UK?

      As of the end of May 2025, there are over 80,000 charging points across the UK, and a new charge point is installed every 29 minutes. The Government is investing over £2.3 billion to ensure the number of charge points continues to grow.

      How long does it take to charge an electric vehicle?

      Charging time depends on the type of charger. Home chargers are typically slower, with most people charging their car fully overnight – similar to charging a phone overnight. Rapid chargers at public locations can charge a car from 10%-80% in 20-30 minutes.

      How many models can I choose from?

      As more manufacturers enter the market, the number of electric vehicle available is increasing month on month. There are currently 135 electric, 100 plug-in hybrid and 50 hybrid models in the UK market for you to choose from.

      How long is the range on these vehicles?

      Typically an average electric vehicle has a range of 200-230 miles, and an average plug-in hybrid has an electric only range for 35-50 miles, or a total range of 350 – 450 miles.