New data has revealed the enormous amount of money being invested in electric vehicles by Fleets in 2022…

Fleets Investing in EVs

Fleets in the UK are due to invest £13.6 billion in electric vehicles, and charging infrastructure, over the course of 2022. Overall, some 160,000 EVs are expected to join fleets during the year. Indeed, a study conducted by Centrica Business Solutions found that 35% more businesses intend to utilise the vehicles than in 2021.

A testament to the extent of electrification is the fact that 62% of fleet operating businesses intend to be 100% electric within the next four years; well ahead of the 2030 ban on the sale of new diesel and petrol vehicles. Some four in ten of them (44%) also said that they’d increased the number of EVs they’re using over the last twelve months.

Businesses are taking on EVs for a variety of different reasons. However, most have cited sustainability (59%), employee demand (45%) and customer preference (43%).

‘Significant Inroads’ 

Greg McKenna, managing director of Centrica Business Solutions, commented on the progress being made in the UK. He said, “the UK continues to make significant inroads towards achieving its electric vehicle ambitions and it’s encouraging to see UK businesses prioritising investment in the journey towards electrification over the next 12 months”. 

He continued, “businesses will continue to play a vital role in achieving the UK’s green transport ambitions, but with a record number of EVs expected to enter the UK this year, we must ensure the supply of vehicles and wider charging infrastructure is robust enough to meet the demand. Combining energy technology such as solar panels and battery storage into the wider charging infrastructure will help harness renewables and reduce the demand on the grid during peak charging times”. 

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