That’s according to the 2015 the Corporate Vehicle Observatory (CVO) Barometer, which interviewed more than 4,500 fleet decision makers across 15 countries.

This year’s research looked at the new vehicle technologies already deployed within company fleets and also where fleets are considering them in the next three years. Of companies with 100 or more employees, a third already have new vehicle technologies operating within the fleet, and a further third are considering introducing them. Take-up is less amongst smaller companies although nearly half are either operating a new vehicle technology or thinking about it.

Hybrid vehicles are predictably the most popular largely due to the efficiency and practicality that they provide. A total of 38% of larger companies have hybrid vehicles on fleet as do 10% of smaller companies.

Meanwhile take-up of electric vehicles is increasing. A total of 10% of larger companies are already using them and a further 20% considering it.

Robert Pieczka, marketing & insurance director at Arval, commented: “When used in the right circumstances, new vehicle technologies provide an efficient and cost effective option for businesses which is why their popularity has been growing in the past few years. We expect to see this trend continue as new models enter the market, the manufacturers refine the product and fleets develop a better understanding of how to best deploy these vehicles.” 

Pieczka concluded: “We are very supportive of new technology, but it should only be deployed where it meets a genuine need. Before selecting vehicles, businesses must be clear on what they need them for with the full range of vehicle options assessed as part of a whole life cost approach which will include electric, hybrid and standard petrol and diesel models.”