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.

For more information on companies in this article

Related Content

  • The bus future is electric, says UITP
    January 11, 2017
    More and more cities in Europe and around the world are turning to electric buses (or e-buses) in an effort to go green according to UITP’s new ZeEUS eBus Report. The report, published as part of the Zero Emission Urban Bus System project, reveals that 19 public transport operators and authorities, covering around 25 European cities, have a published e-bus strategy for 2020. By this date, there should be more than 2,500 electric buses operating in these cities, representing six per cent of their total fl
  • Lenient sentences for dangerous drivers in the UK criticised
    July 13, 2012
    The average sentence for causing death by dangerous driving in the UK is just four years – 62 per cent shorter than for manslaughter, according to road safety charity the IAM (Institute of Advanced Motorists). While the average sentence length of manslaughter is 6.6 years, those sentenced to prison for causing death by careless or inconsiderate driving are given an average sentence of 1.3 years. Causing death by careless driving when under the influence of drink or drugs has an average sentence of 4.3 years
  • US public transportation records passenger numbers highest for 58 years
    March 10, 2015
    Americans took 10.8 billion trips on public transportation in 2014, which is the highest annual public transit ridership number in 58 years, according to a report by the American Public Transportation Association (APTA). “In 2014, people took a record 10.8 billion trips on public transportation -- the highest annual ridership number in 58 years,” said Phillip Washington, APTA chair and CEO and general manager of the Regional Transportation District in Denver. “Some public transit systems experienced all-ti
  • Funding to develop non-rare-earth magnet electric motors
    April 18, 2012
    The US Department of Energy (DOE) has awarded US$3 million to UQM Technologies for the development of non-rare-earth magnet electric motors for use in electric and hybrid electric vehicles. The company will cost-share 25 per cent of the $4 million effort under the development programme.