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

  • Fleet management systems likely to become standard fitting in the Americas
    July 6, 2012
    According to a new research report, Fleet management in the Americas, from Berg Insight, the number of fleet management systems deployed in commercial vehicle fleets in North America was 2.8 million in Q4-2011. Growing at a compound annual growth rate (CAGR) of 15.9 per cent, this number is expected to reach 5.9 million by 2016. In Latin America, the number of installed fleet management systems is expected to increase from 1.3 million in Q4-2011, growing at a CAGR of 16.6 per cent to reach 2.8 million in 20
  • Gearing up for the global electric vehicle revolution
    May 3, 2019
    As transport, communications and energy networks become inextricably linked, policy makers are recognising the implications for our built environment – and the growing electric vehicle market will have a major impact on the world’s infrastructure, says Rolton Group’s Chris Evans
  • Techniques to improve fuel economy by 18.7% in public transit fleets
    April 2, 2012
    SmartDrive Systems, a specialist in fleet safety and operational efficiency, has announced the results of its Public Transit Fuel Efficiency Study, which reveals that transit fleets can reduce fuel consumption on average as much as 18.7 per cent, saving nearly US$3,400 per vehicle annually, by engaging in fuel-efficient, eco-driving best practices.
  • Traffic congestion rise in Europe a ‘sign of economic recovery’
    March 4, 2014
    A new report from leading traffic information and driver services provider Inrix shows traffic congestion in Europe rose in 2013 for the first time in two years. According to the 2013 annual Inrix Traffic Scorecard, traffic congestion across Europe increased approximately six per cent in the last three quarters of the year. The amount of time British drivers spent in traffic throughout the year has risen slightly, from 29 hours in 2012 to 30 hours in 2013. This puts the UK in sixth place in Europe, behi