The BVRLA has published its latest Quarterly Leasing Survey, revealing that plug-in and hybrid vehicles are now overtaking diesel, gaining a 36% share of new lease car registrations.
The survey shows that nearly one-fifth of the BVRLA car leasing fleet now relies on some form of electrification as the fleet sector continues to drive the transition to cleaner road transport.
Diesel’s share of the total lease car market fell below 50% for the first time, while petrol held steady with a 34% share. Average CO2 emissions for BVRLA car leasing fleet new registrations fell from 107g/km to 105g/km in Q3-2020, a new low and around 8% lower than the national average.
The car leasing market, excluding PCP and Motability vehicles, saw its fleet shrink by 6%, with the biggest reduction seen in the business fleet, down 8.7% year-on-year. This decline was driven by an 11% fall in the business contract hire fleet compared to the same period of 2019. These fleet size declines were partially offset by an increase in the consumer leasing fleet, which was up +4% year-on-year.
Members can view the full report and a summary is also available for non-members.
Read the press release issued on 8 February: Surge in demand for battery electric vehicles as tax incentives take effect
