Factors related to financial security and convenience top the list of reasons why fleets without alternative mobility policies in place believe that employees choose a company car rather than funding their own vehicle.
The latest findings from Arval Mobility Observatory’s research indicate that 31% of those fleets, believe that employees not having to finance their own vehicle, followed by the ease of motoring with all services provided by the company (18%) and no risk of ownership such as residual values (16%) are the top drivers for choosing a company car. Low company car tax when choosing an electric vehicle (EV) (12%) and delivery of a new car every 3-4 years (3%) were also listed.
Shaun Sadlier, Head of Arval Mobility Observatory in the UK, said: “It is highly informative to look at the reasons why fleet decision makers without an alternative mobility policy in place, believe that so many drivers choose to stay with a company car rather than funding and maintaining their own vehicle.
“The vast majority of the factors mentioned by respondents are based around financial security and convenience. For example, not having to finance your own vehicle is the top result, as in previous years, and it is clear that drivers view this as a major advantage.
“It is worth bearing in mind that this avoidance of potential risk becomes potentially more attractive during times of economic uncertainty of the kind we are seeing now, with the emergence from the pandemic being accompanied by issues such as the rising cost of living and conflict in Ukraine.”
Perhaps the single most important standout response to the question, Shaun said, is that four times as many fleet decision makers as in last year’s survey mentioned the very low personal taxation applied to EVs as a factor in opting for a company car.
There are more workplace charge points than public chargers for electric vehicles in the UK – doubling the amount of infrastructure available to drivers.
That’s according to a recent report on workplace chargers, which found there are 33,000 charge points at work vs 31,500 at public sites, said Mobility group Transport & Environment.