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Fleets must keep an eye on EV situation, Arval says

Date: 31 January 2019   |   Author: Sean Keywood

Fleets must continue to monitor the progress of electric vehicles (EVs) during 2019 if they are to maximise the potential opportunities they provide, according to leasing company Arval.

The firm says that a range of factors affecting the EV market are still developing rapidly. These include the types of models available, charging infrastructure and vehicle supply. 

Shaun Sadlier, head of consulting at Arval, said: "Fleets that have discounted EVs in the past should keep an open mind as the situation is developing on an almost month-by-month basis. We believe that they should revisit their original thinking regularly to see how things have changed."

Sadlier said the current picture was exemplified by the range of EVs available, which tend towards the upper and lower ends of the market.

He continued: "At the moment there are some great electric vehicles on the market, but there is no getting away from the fact that choice is still limited. 

"We lack more cars that can serve as direct alternatives to staple fleet models with a range of perhaps 250 miles and, hopefully, a recognised badge and established dealer network. However, these cars are coming relatively soon in the shape of the Hyundai Kona, Tesla Model 3, Volkswagen ID and others.  

"The message is that the picture for fleets could change almost in a matter of weeks as these models arrive in dealerships and could transform your attitude to EVs." 

In addition, Sadlier said that the available of charging points in certain areas was becoming less of a barrier to EV adoption. 

He said: "The charging infrastructure is growing all the time, of course, but of more interest to fleets is the availability of chargers in places where their cars are being used.

"Just the addition of a few extra points in specific areas can make all the different to the viability of EVs."