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

  • RAC Foundation: National charge point network needed for electric vehicles
    October 4, 2017
    Potential purchases of electric vehicles with have limited widespread impact without a national charge point network, particularly on motorways and major A-Roads, according to a report by the RAC Foundation. Report author Harold Dermot outlines several challenges that need addressing.Currently, 80% of EV owners have access to home charging, but 93% use the public charging network.
  • 1,000 Nissan Leaf EVs sold in Norway in just six months
    April 30, 2012
    Nissan in Norway has announced that it has sold 1,000 of its electric Leaf cars in just six months, taking almost two per cent of the total car market in February this year demonstrating the impact of comprehensive incentives and developed charging infrastructure. The government support and charging infrastructure have helped the Nissan Leaf become the second best-selling Nissan in Norway and the ninth best-selling passenger car overall in February. Norway has the highest level of support in Europe for elec
  • Vehicle ownership - a thing of the past?
    May 22, 2012
    Convergence of electron-powered vehicles with connected vehicle technologies could mean that only a few decades from now the idea of owning a vehicle will be entirely alien to the road user. By Technolution chief scientist Dave Marples with Jason Barnes Even when taken individually, many of the developments going on and around vehiclebased mobility will bring about major changes in transportation. Taken collectively, the transformations we might expect are nothing short of profound. Enumeration of the influ
  • SFMTA launches three-year motorcycle education campaign pilot
    November 25, 2016
    The San Francisco Municipal Transportation Agency (SFMTA), which manages all surface transportation in the city, including the Municipal Railway (Muni), has launched a first of its kind Vision Zero education campaign targeting people who ride motorcycles. The campaign is funded by a US$188,267 grant from the California Office of Traffic Safety (OTS), through the National Highway Traffic Safety Administration.