One in three fleet managers has declared that they intend to electrify at least half their fleet by 2025, according to new research from Go Ultra Low and the Energy Saving Trust.
The survey of 500 fleet managers also found that seven out of 10 are preparing to buy an electric car themselves within two years, with half of fleet managers putting the increased uptake of EVs down to company car benefit-in-kind tax changes.
According to the research, the three key inhibitors of increased electric vehicle adoption are their higher purchase price, limited range and, most importantly, a lack of chargepoints, mentioned by 47%, 51% and 56% of respondents respectively.
Fleet managers personally were keen on electric vehicles, with 70% committed to owning one within two years and nine-out-of-10 enjoying the idea of driving one.
“Today’s research highlights that the Government’s Benefit-In-Kind tax incentives are helping to shift behaviour around company fleets and the car industry is supporting with exciting products,” said Poppy Welch, Head of Go Ultra Low. “The UK now has more than 31,000 public chargepoint connectors, and an additional 500 chargepoints are installed each month, but we still hear from businesses that charging infrastructure remains an area of frustration. Fleet depots and rental branches, for example, often need to negotiate complex terms with landlords, electrical consultants and energy providers to install their own chargepoints.
“That’s why we’re developing a series of fleet-specific initiatives with the help of the Energy Saving Trust, to provide companies with the information and advice they need to make the transition to electric as seamless and cost-effective as possible.”
The survey results have assumed additional importance since attention has turned to the coronavirus pandemic. While protecting lives is the first priority, British business will need to radically rethink all aspects of their value chains to emerge stronger. EVs offer significant savings to the running, taxation, maintenance and servicing costs of company vehicles, and 43% of fleet bosses had cited the car’s ‘whole life cost’ as the most important factor in making their companies switch from the internal combustion engine to electric.
Tim Anderson, Group Head of Transport at Energy Saving Trust, said: “As an industry, as we continue to navigate the impact of the Covid-19 outbreak, there has never been a more imperative time to support the drive to mass EV adoption – one that will be both financially and socially advantageous for companies. When it comes to recognising the role and value of EVs, fleets are ahead of the curve.”
This summer, Go Ultra Low and the Energy Saving Trust will also launch a digital Fleet Solutions Pack, helping companies make the switch.