A round of dramatic price cuts by Chinese manufacturers in their domestic market last weekend has raised the possibility of a similar strategy being adopted in the UK, says FleetCheck. The Financial Times is reporting that BYD has “fired a new salvo in a prolonged price war” by reducing prices of 20 different models by up to 34% with other manufacturers … [Read more...]
Fleets bridging the EV gap
A larger proportion of fleets are adopting electric vans for higher mileage roles than those who plan to use them for lesser distances, new research show. The 2024 Arval Mobility Observatory Barometer asked fleets how they were using, or were considering using, three classes of electric van as they transitioned from diesel. Out of those operating small … [Read more...]
Ex-fleet sales will dramatically boost ev take up
If leasing companies electrify their fleets earlier, 18 million more households in the EU will have access to cheaper EVs and save on their car spending. At current rates of electrification, 33 million households in the EU will have access to second hand electric cars from today until 2035. But if the leasing sector accelerates its uptake of EVs, this … [Read more...]
Government damaging confusion over cleaner vehicles
This week’s government ambivalence over the longstanding 2030 EV sales deadline is potentially “damaging for fleets” who are committed to electrification, says FleetCheck. Peter Golding (below), managing director at the leading fleet software provider, said that prime minister Rishi Sunak’s equivocation when asked about the deadline by an interviewer had … [Read more...]
Tradelines 7 October
Daimler will cut fixed costs, capital expenditure research and development costs more than 20% by 2025 compared with 2019 levels as part of a strategy overhaul to reposition Mercedes-Benz more upmarket as a luxury brand. The company’s ambition is to achieve a double-digit return on sales margin by doubling sales of Maybach branded cars, and ramping up … [Read more...]
