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Larger fleets more receptive to EVs but incentives remain key

By / 7 years ago / Latest News / No Comments

That's the finding of independent research from the Corporate Vehicle Observatory (CVO) Barometer, supported by Arval.

The research found that a third of the largest businesses in the UK (1,000 or more employees) believe that fully electric vehicles could make a suitable addition to their fleet. In addition over 20% of companies with more than 100 employees also feel that electric vehicles could be a realistic option for their fleet.

The research also identified the major motivations behind electric vehicles and the biggest reason for the uptake of electric is currently the opportunity to reduce costs (with nearly three quarters of UK companies identifying this as the main motivator). Government incentives and operational convenience also remain crucial in influencing the introduction of electric vehicles.

While the CVO research highlights that smaller companies with less than 100 employees are currently less receptive to fully electric vehicles, it did demonstrate that they are enthusiastic about hybrids and in particular, diesel models. In the next three years, nearly 20% of these smaller companies estimated that they would introduce diesel hybrids onto the fleet.

Mike Waters, director of market insight at Arval, commented: 'For smaller companies, hybrid vehicles clearly provide an attractive option. While for some, fully electric vehicles currently seem to be a step too far, hybrids deliver practicality while also providing an efficient and cost effective solution to the vehicles that their drivers are using today.'

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