A new trend has emerged in medium-term rental where it is being used to offset electric vehicle waiting times, says Meridian Vehicle Solutions.
With orders for many EVs running into six months and longer, there was a market requirement for some form of cost-effective company car provision during the interim, explained Phil Jerome, managing director (right).
He said, “There is considerable fleet interest in EVs, powered by factors such as the 0% company car tax rate that was announced recently, improved technology offering greater range and just higher levels of general awareness.
“However, very few EVs are currently available off-the-shelf and, for most of the popular models, you are looking at considerable waiting times – long enough that daily rental or contract extensions on your existing lease might be considered prohibitive.
“That is where medium-term rental is scoring highly. If you know that your EV isn’t going to be ready until well into next year, then a six-month vehicle on medium-term rental is an attractive, cost-effective solution. We are definitely seeing interest.”
Meridian does not have evs but offers immediate delivery of hybrids and low emission petrol or diesel cars.