More than a third (37%) of companies with fewer than 100 employees either already operate or plan to adopt electric vehicles (EVs) within the next three years, compared to less than a quarter (23%) in 2019.
Interest in electric vehicles is also growing rapidly among small-medium sized enterprises (SMEs), according to the latest research from the Arval Mobility Observatory. For plug-in hybrids, almost half of SMEs (46%) either already have them or plan to put them on fleet compared to just 28% in 2019 while, for hybrids, they were 45% this year against 37% in 2019.
Shaun Sadlier, head of Arval Mobility Observatory in the UK, said, “These results show that UK SMEs are now even more motivated to adopt electric vehicles, plug-in hybrids and hybrids than they were just 12 months ago.
“We have been saying for some time that 2020 would very much be the year during which electric power takes off for fleets of all sizes and these findings show that SME businesses are part of that trend, which helps to protect the environment and reduce emissions.
“There has been a very noticeable acceleration and the reasons for this are, we believe, quite clear. The tax incentives now available for company car drivers, especially the zero per cent benefit-in-kind rate for the 2020-21 tax year for battery electric vehicles, is a huge attraction.”