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

  • China’s BYD wins European electric bus orders for Netherlands city
    June 7, 2012
    An island which is home to the Netherlands’ first National Park is about to launch Europe’s cleanest bus fleet. The city of Schiermonnikoog in the province of Friesland, Netherlands is nestled on this 16 km long island and is virtually car-free. While home to about 1000 residents, over 350,000 people visit the island every year and will now ride in six new, long-range, all-electric BYD buses set to launch on Schiermonnikoog early next year. In a European legal tender and open bid supported by four major bus
  • Report on the impact of recession on infrastructure funding worldwide
    May 10, 2012
    A new report examines how aggressive government belt-tightening and financial market deleveraging restrained worldwide infrastructure investments for 2012 and probably for the next five years. In the US, for instance, Infrastructure2012: Spotlight on Leadership, released by the Urban Land Institute (ULI) and Ernst & Young, says that constrained public budgets and a growing recognition at the local level of the importance of infrastructure, combined with lack of action at the federal level, are causing state
  • In-vehicle fleet management system reduces losses
    May 4, 2012
    Loomis offers products and services that provide complete cash logistics solutions for financial institutions, retailers and other commercial enterprises. The company is present in twelve European countries and the USA and has just over 20,000 employees. At Loomis safety is considered good business. Presented with the opportunity to reduce both accident frequency and associated primary liability costs, the company equipped the majority of its US armoured truck and van fleet with the Driver Safety Measuremen
  • VW ups its use of plug-in hybrid technology
    May 16, 2012
    At last week's 32nd International Vienna Motor Symposium, the chairman of the Volkswagen Group, Prof. Dr. Martin Winterkorn, announced that the group will be going into production with a range of important models with plug-in hybrid technology starting in 2013/14.