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Year-on-year, the sale of Electric Vehicles doubles as results of fleets

Comparison to the prior year, double as many electric vehicles were recorded in 2020, with new business car tax thresholds leading the absorption. Review of the RAC’s recent sales figures from the Society of Motor Manufacturers and Traders (SMMT) reveals that since the year 2010, over 200,000 pure Electric cars have already been recorded. 21,914 electric battery vehicles (BEVs) were recorded in the month of December alone, the maximum ever registered in one month, beating the number of 21,903 in the month of September. All in all, 108,205 BEVs were marketed in the year 2020, slightly more than 66,879 registered plug-in hybrid electric vehicles (PHEVs) throughout the year.

As far as non-plug-in mild hybrids are concerned, SMMT data reveals that 110,087 vehicles have been registered. Rod Dennis of the RAC notes that there is indeed a long way to get there, with just a “small fraction” of the sum of 31.2 million vehicles zero-emission on the United Kingdom’s highways. Still, the course is becoming apparent; he stated, “The prospect of more electric cars on our highways, several sporting number plates with latest green flash ‘trademark’ could start making drivers who are thinking about changing their vehicle look at if it makes perfect sense for them all to ‘go electric’.

Aside from charging infrastructure problems, it is the challenging economics of owning or leasing a vehicle that may still push them back with the pure electric vehicles continuing to control a high retail value over their gasoline and diesel counterparts. However, discounts for fleets and business car drivers have pushed the record-breaking the year Electric car registrations, due to new benefit-in-kind (BIK) tax rates, that was launched in the last spring.  Majority of the registrations (68 percent) for BEVs as well as PHEVs is from the fleets.

Gerry Keaney, chief executive of the British Vehicle Rental and Leasing Association (BVRLA), says that 2020 has been a “tipping point” for EV uptake and demonstrates what can be achieved when Government works closely with fleets to develop a set of powerful grants and tax incentives and invest in a robust public charging network. “The recent BVRLA statistics indicates that the fleet industry continues to dominate the drive towards the zero-emission automobile, with the battery electric vehicles accounting for 21 percent of the company car registrations in the 3 months to October 2020,” he added. With 6.6 percent of all the new cars registered in the year 2020 being zero-emission, an increase from just 1.6 percent in 2019 as well as 0.7 percent in the year 2018, the increase in Electric Vehicle approvals is remarkable. This suggests that a quarter of all vehicles which were registered last year (17.5 percent) were capable of zero emissions, an increase from just 7.4 percent in 2019.

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