Battery electric has overtaken petrol to become the most popular fuel type on the BVRLA’s leasing fleet, according to the association’s latest Leasing Outlook report.
Accounting for 32% of new orders, this is the first time BEVs have been the most popular powertrain, marking a major milestone in the sector’s transition to zero-emission motoring.
BVRLA, chief executive Gerry Keaney announced the landmark moment as part of the recent Fleets in Charge Conference, saying: “Battery electric vehicles are dominating the order banks for company and salary sacrifice cars. This sector could hit the Phase-out target with years to spare.
“Momentum for electric cars is building but will only continue if the Government resists the urge to pull the handbrake by introducing a major hike in benefit-in-kind tax.”
With the direction of travel towards zero-emission vehicles well established, the BVRLA has forecast that new BEV lease car registrations will take a 40% market share in the next 12 months. The sector’s progress to Net Zero continues to accelerate, further reducing the emissions of the BVRLA leasing fleet.
July’s Leasing Outlook report also shows Business Contract Hire returning to growth, although the popularity of Personal Contract Hire continues to close the gap in terms of the total fleet split. PCH is up 7.5% year on year, with salary sacrifice the most dynamic subsector. Driven by favourable company car tax rates, salary sacrifice grew 41.2% to reach a total of 35,134 cars, the vast majority of which are BEVs.
When considering vehicle type, vans are the main success story again, growing 12.8% to reach 496,911 units. It is expected that figure would have been greater still had more new vehicles been available. The van market is still behind cars when it comes to uptake of electric vehicles though, with the data suggesting a move towards larger LCVs, where fewer zero-emission models are in market.
