Average CO2 for leased vehicles drops in Q3 2019
31 January 2020
Author: Illya Verpraet
The BVRLA has published its Leasing Survey report for Q3 2019 and one of the major findings is that despite the continuing decline of diesel, average CO2 emissions dropped compared to Q2.
The average CO2 emissions for newly registered leased cars in the UK was found to be at 116.8g/km, down from 118.5g/km in the previous quarter.
This fall is thanks to the rise in EV registrations - even though pure electric vehicles still only make up 1.6% of new lease cars, they are having a profound effect.
Diesel continues to lose ground, dropping to 38.3% of new registrations, although petrol registrations dropped as well in favour of EVs, to 52.8%.
The switch from diesel to petrol that's been going on for the last couple of years does continue to make itself felt, however, as the whole fleet average CO2 - not just the new registrations - continued to rise compared to the previous year, to 112.4g/km.
BVRLA Chief Executive Gerry Keaney said: "It is clear that the fleet sector has enthusiastically embraced the EV market and we expect to see BEV registrations really take-off in 2020.
"If OEMs can supply enough vehicles and the government maintains the vital Plug-in Car Grant, there is no reason why the BEV share of new lease registrations couldn't hit 20% by the end of the year."
In general, the traditional business fleet leasing market (finance lease and contract hire) struggled and shrank to a four-year low of 1.21m vehicles, with the number of cars falling 9% and vans 2.8% year-on-year. This decline was partially offset by continued growth in the personal contract hire market, which rose 17% for cars and 2% for vans.