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

“Renewed Government support for electric vehicle purchases is welcome and long overdue. Affordability remains one of the biggest barriers to EV adoption, particularly for SME and personal leasing customers, where upfront incentives have a direct impact on monthly cost.

“Brokers have a vital role to play in translating these incentives into real-world uptake, but delivery will depend on how clearly the support is structured and communicated. It’s essential that this scheme is made available quickly, is simple to apply, and works in parallel with the competitive terms already being offered by manufacturers and funders.

“This is a positive signal, but it must now be backed by detail and follow-through.”