Leasing Companies Drive Uptake Of Ultra-Low Emission Vehicles
By Maddy Price
Tuesday, March 15, 2016 - 11:02
New figures from the British Vehicle Rental and Leasing Association confirm the sector’s position as the UK’s leading adopter of cleaner and more fuel-efficient vehicles.
The BVRLA’s latest quarterly survey of its leasing members found that almost one in 20 (4.7%) 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%.
The leasing sector’s low-emission credentials are also demonstrated by the fact that more than 25% 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%.
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% 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.”
According to the latest BVRLA survey, leasing companies were responsible for around 1.3 million1 business cars and vans at the end of 2015, which was a 5.5% increase year-on-year.
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.”