Ryan Fowler, acting CEO of the Leasing Broker Federation, said:

“The growth in EV registrations is encouraging, but the reality is it’s still being driven by unsustainable levels of discounting.

“Brokers are doing the hard work of matching customer demand with available products, but they need long-term stability in pricing, supply and incentives to keep momentum going.

Private and SME leasing customers in particular remain highly price-sensitive. Without consistent Government support and clearer infrastructure progress, the risk is that this recent growth won’t hold.

“We’re seeing strong engagement from our members, but the sector needs joined-up action to maintain progress.”