Skip to main content

Electric and hybrid vehicles fall out of favour with corporate fleets in Europe

According to the Arval, the car rental division of French banking group, BNP Paribas, the interest of Spanish companies in adding electric vehicles to their fleet has dropped 90 per cent in the past year, with just two per cent of companies expecting to opt for this type of vehicle before 2014. In 2010, 21 per cent said they would chose them. Hybrid cars also lost favour, with a 47 per cent drop in the number of companies intending to use them in their fleet from 30 per cent in 2010 to 16 per cent currently
April 20, 2012 Read time: 2 mins
RSSAccording to the 992 Arval, the car rental division of French banking group, BNP Paribas, the interest of Spanish companies in adding electric vehicles to their fleet has dropped 90 per cent in the past year, with just two per cent of companies expecting to opt for this type of vehicle before 2014. In 2010, 21 per cent said they would chose them. Hybrid cars also lost favour, with a 47 per cent drop in the number of companies intending to use them in their fleet from 30 per cent in 2010 to 16 per cent currently.

Arval points out that this trend is not just related to Spain. The firm's figures show that only four per cent of companies across Europe intend to use electric vehicles up to 2014, compared to 21 per cent in 2010.

The lack of interest in Spain stems from a lack of sufficient versatility in the range on offer as well as a lack of vehicles suitable for company needs (34 per cent). The limited range of the car batteries also stops companies from using these vehicles (34 per cent), while another reason they are unpopular is the lack of services available for electric vehicles - 20 per cent believe there to be an insufficient servicing network for electric vehicles to guarantee their maintenance and repair).

Although 40 per cent of companies believe grants on offer by the Spanish government encourage purchases, most companies still opt for traditional vehicles.

Arval's figures show that there were just 82 electric vehicle registrations in the first quarter of 2011, which added to the 400 in 2010, is still a long way off the 20,000 target for the end of 2011. The Spanish government subsidy programme of up to EUR 6,000 (US$8,598.61) per vehicle will also struggle to reach its target of 250,000 registrations by 2014.

Related Content

  • April 19, 2012
    First all-electric car-sharing scheme in North America to launch
    ECOtality has announced a partnership with Car2go, a subsidiary of Daimler North America Corporation, to provide electric vehicle charging infrastructure to support what is being claimed as the first 100-per cent electric car sharing programme in North America. With plans for approximately 300 Smart Fortwo electric drive vehicles, the programme in San Diego represents the largest fleet of EVs in the United States.
  • May 18, 2012
    Johnson Controls says US consumers are interested in start-stop systems
    New consumer research conducted by Johnson Controls claims that 97 per cent of Americans are ready for new start-stop technology that improves the fuel economy of their vehicle. The research was conducted to gain understanding of how consumers view fuel-saving power train technologies based on attributes such as purchase price, fuel economy, annual fuel cost and performance. Focus groups across US major metropolitan areas, along with 1,200 survey respondents, provided feedback on efficient vehicle technolog
  • July 13, 2012
    Global tour bus operator increasing use of GreenRoad technology
    GreenRoad, a specialist in driver performance and safety management, has announced that Big Bus Tours, the largest operator of open-top sightseeing tours in the world, is expanding its use of GreenRoad from London, Dubai and Abu Dhabi to its fleet of 17 buses touring San Francisco. It is also considering deploying GreenRoad in a further 88 buses in Hong Kong, Shanghai, Washington DC, Las Vegas and Miami.
  • May 20, 2015
    DriveNow London expands car-sharing fleet with EVs
    London’s DriveNow has expanded its car-sharing service with the addition of thirty BMW i3 electric vehicles (EVs). , The BMW/Sixt joint venture offers one-way flexible car-sharing in the North London boroughs of Islington, Hackney, Haringey and Waltham Forest. Following its launch in December 2014, this takes the growing fleet total to 270 vehicles being used across the boroughs, offering residents and businesses a viable alternative to use of private cars with it's on demand, pay per use model. Commentin