Melbourne start-up is to lease electric vehicles to fleets

Hyundai Ionic Electric (Source: The Driven)

 

EV Lease is taking the plunge into electric vehicles (EVs) as it has been shown that running an electric vehicle fleet now costs less than a petrol and diesel fleet. What held up the adoption of EVs by leasers was the lack of resale data as companies need to be able to guarantee the value of cars after their lease life. But the director of EV Lease, Shane Priest, is taking a punt on the fact he knows EVs have less wear and tear, and will likely have a greater resale value at the end of their lease life than petrol cars. 

EV Lease, which is headquartered in the Melbourne suburb of Mitcham, Victoria, was founded by Priest to make electric vehicles more accessible to fleets, and perhaps eventually, private drivers. The company currently has 3 electric vehicles and one plug-in hybrid available: the Hyundai Ioniq Electric Elite, the Tesla Model 3 Standard Range Plus, the Hyundai Kona Electric and a Mitsubishi Outlander PHEV. 

Read more: 

- Car lease startup places bet on electric vehicles for fleets. The Driven, August 13, 2020. 

- EV Lease: affordable, worry-free electric car driving