The top 5 electric vehicle models converting the fastest in 2026
For example, a look at our EV finance data from 2025 shows that 43 different electric vehicle brands were showing up in our customer proposals.
Today, that number has increased to 49 – showing demand is growing across a wide range of brands.
Below is a breakdown of which EVs are getting funded the most in 2026, and – more importantly – what it means for your dealership.
All data correct as of July 2026
The most funded electric vehicles in 2026
383
515
+34%
97
132
+36%
206
411
+100%
76
124
+63%
188
235
+25%
30
61
+103%
131
241
+84%
41
52
+27%
109
242
+122%
23
65
+183%
383
515
+34%
97
132
+36%
206
411
+100%
76
124
+63%
188
235
+25%
30
61
+103%
131
241
+84%
41
52
+27%
109
242
+122%
23
65
+183%
What does the data tell us?
The Tesla Model 3 remains the UK's most in-demand EV
The Tesla Model 3 generated the highest number of finance proposals and completed paid-out deals in our data. However, its 27.4% conversion rate is lower than several other high-volume EVs, suggesting that while demand is really strong, not every customer is able to drive away with one.
The Polestar 2 punches above its weight
The Polestar 2 generated fewer proposals than Tesla and Vauxhall models yet is the highest converting EV in our data so far when you compare it to other high performers. This suggests customers enquiring about the Polestar 2 are much more confident in their decision to proceed once they submit their proposal.
Popularity doesn't always mean more sales
The Vauxhall Mokka Electric generated the second-highest number of proposals in our data but converted just 14.6% into paid-out deals. Meanwhile, the Tesla Model Y achieved a stronger 31.3% conversion rate despite attracting fewer enquiries.
What this means for dealers
The biggest takeaway is that the most popular EVs aren’t always the ones that will guarantee more sales for your dealership.
While models like the Tesla Model 3 continue to attract plenty of customer proposals, other EVs like the Polestar 2 are converting more consistently once customers enquire.
Rather than focusing on one standout model, think about the mix of EVs you’re stocking. Popular models can help attract customers, while stronger-converting models can improve your chances of turning enquiries into funded deals. Looking at both demand and conversion can help dealers make more informed stocking decisions.
Stock for a broader EV market
Don't overlook the mainstream performers
The Polestar 2 recorded some of the strongest growth in our data. While they may not generate the same attention as Tesla, they are increasingly attracting more customers.
Understand who is buying
Customers financing mainstream EVs often have different budgets and priorities to those shopping for premium models. Understanding affordability early in the conversation can help you match customers to vehicles they’re more likely to finance successfully.
Learn more about who’s buying electric vehicles on finance in 2026.
Vehicle choice is only part of the picture
The EVs customers choose tell us a lot about where demand is heading. But vehicle choice is only one part of the story. The way customers finance those vehicles is changing too, with certain finance terms becoming increasingly popular as drivers look to balance affordability and monthly payments.
See which EV finance terms customers are choosing most often in 2026.
Frequently asked questions
According to Evolution's EV finance data, the Tesla Model 3 remains the most popular electric vehicle by proposal volume. However, models like the Tesla Model Y, Nissan Leaf, Polestar 2 and Vauxhall Mokka Electric are also seeing plenty of growth in proposals and sales.
Some of the fastest EV growth in our data is coming from mainstream EVs. The Vauxhall Corsa Electric and Vauxhall Mokka Electric both saw big increases in proposals and paid-out deals during 2026, suggesting more customers are considering affordable electric vehicles from familiar brands.
The Tesla Model 3 continues to be one of the most recognisable electric vehicles on the market. Strong brand awareness, technology and range all contribute to its popularity, making it a popular starting point for customers considering EVs.
Our data suggests EV demand is becoming more diverse. Tesla remains extremely popular, but strong growth from models such as the Vauxhall Mokka Electric and Polestar 2 shows customers are increasingly considering a wider range of electric vehicles.