Nottingham runs unique 30-day EV loan scheme

A unique 30-day ‘try before you buy’ electric vehicle loan scheme piloted by the Nottingham ULEV Experience project could act as the blueprint for other UK cities that are considering Clean Air Zones.

Financed through Nottingham City Council’s Go Ultra Low funding, the Nottingham ULEV Experience project has been running for the last two years, offering businesses and public sector organisations the opportunity of a fully-funded trial of electric cars and vans for 30 days. It is delivered by DriveElectric, one of the UK’s leading EV leasing companies.

New research has shown that the Nottingham ULEV Experience project has been the only solution for businesses to try out an EV for this period of time. A total of 16 vehicle dealerships were contacted to arrange an EV trial and not one could offer a similar 30-day loan.

DriveElectric has managed the EV trials for the Nottingham ULEV Experience including providing the vehicles, booking the 30-day loans, providing a handover about the vehicles and charging, being available throughout the trial to answer any queries, and even arranging insurance if required. The vehicle fleet included some of the very latest EVs, including the Hyundai Kona Electric and Kia e-Niro, which are long-range EVs, capable of between 250-300 miles per charge.

A total of 52 organisations in Nottingham have enjoyed 72 EV loans over the last 18 months, with 20 EVs being adopted as a result so far.

Mike Potter, managing director of DriveElectric, said: “Most organisations need to experience electric vehicles before making a decision to purchase. Fully-funded month-long EV loans are not readily available through dealerships, manufacturers or any other source. Therefore the ‘Try before you buy’ EV loans provided by the ULEV Experience have been extremely valuable in filling a gap in the market not offered elsewhere.”

Amongst other loans, Nottinghamshire Healthcare NHS Foundation Trust trialled EV loans from the ULEV Experience, using Renault Kangoo and Nissan e-NV200 electric vans for a month to allow the Transport and Logistics team to assess the suitability of the vehicles. The trust now operates two Nissan e-NV200s and, based on running these vehicles to date, 40 vans could be swapped to EVs.