Electric vehicle provider, WeFlex, has teamed up with Toyota to launch its first, fully electric vehicle the bZ4X to the London Ride-Hailing market. With an order for 165 bZ4X with retail value of £7m.

WeFlex and Toyota bring a £7M fleet of latest EVs to London’s Ride-Hailing market

The bZ4X is well proportioned for the Ride-Hailing industry, with a range over 300 miles, a boot fit for airport runs and a spacious cabin.

WeFlex now has a fleet in excess of 2,300 100% electric vehicles, offering Ride-Hailing drivers flexible finance on a wide range of leading brands. Its EVs have driven over 90 million zero emission miles, preventing over 15,000 tonnes of CO2 entering the atmosphere to date.

The firm provides flexible finance plans to help Ride-Hailing drivers successfully run their businesses and own their vehicle.

Demand for electric vehicles in the Ride-Hailing market vastly exceeds the current supply, as the market needs to transition to EVs due to a mix of regulatory pressure from local governmental authorities and the requirements of the Ride-Hailing platforms; plus the fact that the drivers themselves save money by switching to an EV.

Uber’s stated goal of achieving a fully electric fleet in London of 55,000 drivers by the end of 2025, for instance, is reliant solely on there being sufficient vehicle stock for its drivers to purchase.

Nicko Williamson, founder and CEO of WeFlex said: “WeFlex have worked with Toyota since we launched in 2016. Toyota is a long-standing innovator in the hybrid and electric vehicle space – Prius made today’s market possible. We are excited to see such a positive reception already from our customers for the bZ4X, which is a great vehicle. To significantly reduce vehicle-based carbon emissions, Britain needs more electric vehicles – and the Ride-Hailing industry is a huge part of that, with WeFlex electric vehicles covering 90M miles already and counting! We remain on a mission to ensure that drivers have access to the biggest range of affordable EVs.”

Neil Broad, general manager One Toyota Fleet Services, said: “WeFlex’s commitment to bZ4X is a valuable seal of approval for the vehicle’s quality and capabilities. Providing smooth and refined performance, spacious accommodation and the well-proven reliability and durability of our electrified vehicle technologies, it is sure to become a popular choice for WeFlex’s customers.”

The bZ4X is available via WeFlex for £219pw, with a £500 deposit, on a 5-year Rent-To-Buy scheme.