The latest analysis from cap hpi’s Insight report shows that diesel registrations have fallen from a market share of 4.9% to 4.0% over the first half of the year.

Diesel’s share of the fleet market continues to fall

Petrol vehicles increased over the same period, rising from 23.6% to 25.7% of the fleet market, and PHEVs were the biggest risers, jumping from 15.6% to 22.7% of registrations.

Commenting on the data, Andrew Turner, senior product specialist at cap hpi consulting, said: “While the decline of diesel registrations has been significant, petrol vehicles still account for a quarter of the market. Over the last 12 months, we’ve seen a clear trend away from BEV to PHEV as companies bridge the gap from ICE to fully electric vehicles.”

HEVs also saw an increase from 5% to 6.2% market share as companies seek the flexibility of hybrid technology.

Insight provides monthly market data on fleet registrations by leading fleet operators. The software provides valuable insights on emerging trends and helps teams use accurate and timely data to monitor the industry.

Andrew Turner concluded: “Hybrid vehicles give companies great flexibility while attracting the benefit of lower BiK rates. The improved fuel efficiency can also deliver cost savings in an economy where companies face rising costs.”