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The popularity of company-provided electric vehicles saw the BVRLA’s leasing fleet grow 1.4% in the last 12 months, offsetting lower demand for vehicles on personal lease agreements and vans. The association’s latest Leasing Outlook report shows that salary sacrifice continues to drive growth in the sector, it is up 51% and sustaining the UK’s transition to cleaner, greener models. 

The vehicle rental and leasing sector is seeing its optimism and enthusiasm for 2025 shackled by tax rises on top of regulatory and ZEV Mandate uncertainty. That is according to the BVRLA’s latest Industry Outlook Report, which shows that members are expecting somewhat of a ‘Jekyll and Hyde’ year in 2025. 

BVRLA members have been subject to a handful of notable external developments in recent weeks. Events such as the Commission Disclosure ruling and the recent Budget have affected businesses across the industry.

The BVRLA's Leasing Broker Survey report for the year ending June 2024.

The leasing broker fleet has seen a slight fall compared to post-pandemic numbers but still above levels seen before 2021, according to the latest BVRLA Leasing Broker report, presenting annual data to June 2024.

Private motorists are beginning to catch up to business users when it comes to EV adoption, as personal lease agreements (PCH: personal contract hire) tracked in line with ZEV mandate targets last quarter. Battery Electric Vehicles accounted for 21% of new PCH additions to the BVRLA’s leasing fleet in Q2 2024, although the association is warning that the uplift risks being short-lived if the used EV market is not stabilised.

Government decarbonisation targets are at risk unless it acts now to strengthen demand for used electric vehicles, warns the BVRLA.

The varied trajectories seen in electric vehicle adoption continue to go in opposite directions, creating concerns about the long-term success of the drive to decarbonise. That is according to the latest Leasing Outlook report from the BVRLA, which shows a growing divide between company-provided cars and private motorists when it comes to EV demand. 

Vehicle rental makes an essential contribution to UK society, the economy and the move to more sustainable mobility, according to a new report from the BVRLA.