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Most company cars set to be electrified by 2025, Arval research finds

Date: 10 August 2022   |   Author: Sean Keywood

Only 28% of UK company cars are predicted to be using petrol or diesel power alone by 2025, according to research by leasing company Arval.

The latest finding from the firm's Mobility Observatory Barometer survey shows that fleet decision makers, who were asked what percentage of their fleet would still be either petrol or diesel powered in three years' time, expect electrification to happen quickly.

Head of the Arval Mobility Observatory in the UK Shaun Sadlier said: "Looking three years ahead takes us to 2025 and, by that point in time, the research shows that fleet operators expect electrified vehicles to dominate their fleets.

"The numbers show the anticipated rapidity of the decline of 100% petrol and diesel powered vehicles. This view is remarkably consistent across companies of all sizes according to our data - from those with fewer than 10 employees to those with more than 1,000 - and there is an absolute expectation that electrification will happen at speed and across all vehicle types."

Nonetheless, Sadlier stressed the importance of remembering that the findings were no more than forecasts at this point.

He said: "Our view is that the data should perhaps instead be viewed less as an outright prediction and more as an indication of the commitment of fleet operators to electrification, which, in the light of the results seen here, cannot be doubted and if we can resolve issues such as the supply and charging of electric vehicles it is likely the transition will take place sooner rather than later."

The results for the UK were also ahead of 19 other European countries surveyed, from which the number of remaining pure petrol or diesel company cars by 2025 was expected to be 52%.



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