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

  • Electric vehicle future for Norway
    April 25, 2012
    Innovative fast-charging systems for electric vehicles are now being supplied to Norway. The country is buying the high speed charging technology from Epyon, a Belgian supplier. Norwegian firm Lysi Energi is purchasing the commercial charging stations for electric vehicles in a bid to build a nationwide network. Epyon recently installed a Terra 51 Charge Station in Sandnes, near the E39 highway to Stavanger, and plans installations at least at two more locations in the next two months.
  • UK road safety’ is stagnating’ – IAM and RoSPA call for new strategy
    July 1, 2016
    Independent road safety charity IAM RoadSmart and safety charity the Royal Society for the Prevention of Accidents (RoSPA) have called for government action following the release of the Department for Transport’s (DfT) reported road casualties in Great Britain 2015. The 2015 figures show there were 1,732 reported road deaths – two per cent fewer compared with 2014. According to the DfT, this is the second lowest annual total on record after 2013. The number of people seriously injured in reported road tr
  • Europe-wide demonstration of electric buses begins in Barcelona
    October 16, 2014
    A major step towards greener urban public transport was made this week with the launch of the first ZeEUS (Zero Emission Urban Bus System) demonstration in Barcelona. The flagship project is the first of its kind to test 12 metre-plus electric buses in real operation. Barcelona is the first demonstration site of the UITP-coordinated ZeEUS project, with core demonstrations in seven other European cities to follow: London and Glasgow; Stockholm; Münster and Bonn, Plzen and Cagliari. In total, 35 plug-in hy
  • South Korea reduces toll fees for EVs, hydrogen cars
    July 13, 2017
    Highway toll charges in South Korea for electric and hydrogen fuel-cell vehicles will halve from September, the transport ministry has said, reports Yonhap News Agency.