News

Leasing companies drive take-up of plug-in cars

BVRLAThe latest quarterly survey carried out by the British Vehicle Rental and Leasing Association (BVRLA) of its leasing members found that almost one in 20 (4.7 per cent) of all new leased cars registered in the final quarter of 2015 was a plug-in, well-ahead of the market penetration achieved across all new registrations, which stood at 1.3 per cent.

More than 25 per cent of lease cars now sit in VED band A (sub 100g/km CO2) while the overall market share for all new cars sold in 2015 stands at 20 per cent.

Thanks to this ever-increasing adoption of pure and plug-in hybrid electric cars as well as low-emission petrol and diesel vehicles, the average lease car added to a BVRLA member fleet in 2015 emitted just 112.6g/km CO2, more than 7 per cent less than the average new car registered in 2015.

Responding to the news on behalf of Go Ultra Low, Poppy Welch said: “We’ve been encouraged by the growing number of fleets realising the multiple advantages of electric vehicles – and BVRLA members continue to play a pivotal role through education on whole-life costs and employee benefits. More businesses need to be bold, opening their thinking to incorporate electric vehicles and the cost-savings they bring.”

Commenting on the news, BVRLA Chief Executive Gerry Keaney said: “More and more businesses are turning to leasing as a source of finance and BVRLA members are helping these companies to operate cleaner, more fuel-efficient vehicles.”

Keaney added: “The government needs to recognise that the company car or van is more than just a taxable perk and a valuable source of revenue for the Treasury. These vehicles are vital business tools that can play a huge role in reducing the UK’s road transport carbon emissions. Without a fair and simple tax regime for company vehicles, this won’t happen.”

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