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A third of fleet managers set to electrify UK fleets by 2025

A third of fleet managers set to electrify UK fleets by 2025Thursday, 28 May, 2020

One-third of the UK’s fleet managers expect more than 50% of their company car fleets will be electric within five years, according to a new Go Ultra Low survey.

500 key fleet managers and decision-makers were questioned by Go Ultra Low to better understand the existing company fleet mix as well as the key considerations when it comes to purchasing and leasing EVs.

The survey responses revealed an overwhelming appetite to embrace the electric era, with nine in 10 fleet managers enjoying the idea of driving and owning an electric company car and seven in 10 committing to purchase an EV within the next two years.

The survey results have assumed additional importance since attention has turned to the coronavirus pandemic.

Tim Anderson, 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. The lower Benefit in Kind rates will enable company car drivers to enjoy very low tax rates and accelerate the transition to clean transport. Yet, there remains further efforts to be made.”

Read the full press release.