Drivers are 'making the switch to electric faster than ever' as Octopus reports 89% spike in demand

Felix Reeves
Mon, 13 Apr 2026 14:54:28 +0000

Drivers are increasingly interested in transitioning to electric vehicles amid the soaring price of fuel, as new data shows motorists are investing in less established brands.

Fuel prices continue to rise dramatically as tensions in the Middle East remain high, and uncertainty around the Strait of Hormuz reaches a fever pitch.

The latest figures from RAC Fuel Watch show motorists are forking out 158.27p for unleaded and 191.50p per litre for diesel, with prices rising 25p and 49p, respectively, since the start of the conflict.

As a result of these surging prices, motorists are rethinking their options when considering the cost of driving and assessing whether it's worth it to continue buying fuel.

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Data from Octopus Electric Vehicles shows that EV leasing orders have surged 89 per cent in March compared to February.

Since the outbreak of war between the United States and Iran at the end of February, petrol and diesel drivers have seen immediate price hikes at the pumps.

Drivers with the ability to charge their electric vehicles at home can pay as little as 2p per mile and benefit from off-peak costs.

Gurjeet Grewal, CEO of Octopus Electric Vehicles, said: "Drivers are making the switch to electric faster than ever.

"An 89 per cent jump in orders in a single month shows this isn't a gradual shift anymore - it's a tipping point.

"People are looking for certainty and control over their costs. Electric vehicles offer both. With smart tariffs and simple leasing, drivers can take back control from unpredictable fuel prices and enjoy a cleaner, more affordable way to drive."

Octopus also saw a 103 per cent rise in heat pump orders, while solar sales jumped by 78 per cent in March compared to the previous month.

A range of brands were included in the brand's top five most popular electric vehicles in the first quarter of 2026, including newcomers to the UK market.

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