Interest in electric vehicles is growing rapidly among small-medium sized enterprises (SMEs), according to the latest research from the Arval Mobility Observatory. For plug-in hybrids, almost half of SMEs (46%) either already have them or plan to put them on fleet compared to just 28% in 2019 while, for hybrids, they were 45% this year against 37% in 2019.
Two schools of thought appear to be emerging – to push forward with plans for strategies such as electrification and adoption of mobility solutions, or to dig in and make the most of existing resources.
Forecasts predict that 37% of new car registrations will come from the private market with corporate channels driving the rest. The business of fleet management has developed into a huge industry.
Fleets and businesses play a vital role in transitioning the UK car parc to zero emission vehicles and with 34 new plug-in vehicles due to launched by the end 2020 now is the time to review fleet requirements to comply with environmental standards and ensure a solid ethical reputation of a business.
Fleet management firm, CBVC Vehicle Management, has published a White Paper on The Benefits of Multi-Bid Vehicle Funding that examines the pros and cons of different business contract hire fleet acquisition methods. It concludes that multi-bid is the most effective method to keep downward pressure on fleet costs.
Europcar is offering a solution to take the pressure off cash-flow with a range of vehicle solutions designed to help companies move forward to a ‘new normal’ and a more efficient way of keeping business on the road.
Despite some of the major nationwide networks offering contactless card readers, drivers currently still often need to use multiple apps and cards to pay to charge on different networks.
Fleetondemand was the highest-ranking company in Yorkshire, reaching an impressive 80% growth in annual sales over the past three years. It shares the league table with seven “unicorns”, including digital banking app Revolut; cyber-security developer Darktrace and healthcare app Babylon Health.
Tthe DVLA and HMRC has announced the application of the alternative fuel taxation discount to mild hybrids for both Vehicle Excise Duty (VED) and Benefit in Kind (BiK).
The 2020 Arval Mobility Observatory Barometer indicates that Small-medium sized enterprises (SMEs) in the UK are increasingly turning to leasing as a means of funding company cars and vans. and they are also turning to leasing companies for advice in what appears to be increasing numbers.
TMC will be providing mileage capture and audit services to HCVS’ customer base, including company car, LCV and grey fleet drivers. This will enable employees to be reimbursed for business trips and deductions for private usage on fuel cards.
A change in legislation which came into effect in April this year means that EVs now have zero benefit-in-kind (BiK) tax. This has resulted in significant savings for employees, as well as savings through lower National Insurance (NI) contributions for the employer. Yet, one fifth (20%) of HR bosses aren’t aware of the recent change, despite 44% and 39% of companies respectively offering either employee car ownership or salary sacrifice for a car.
The study of 750 SMEs conducted by Avis Vans found that a quarter of SMEs (25%) introduced a delivery option or mobile service to diversify their offering during lockdown, in order to stay afloat when physical premises were forced to close from Monday 23 March.
Fleets may need to take onboard the proposals of a new Department for Transport (DfT) plan to increase the use of cycles and get the nation fitter.
As many businesses were forced into lockdown by the coronavirus, this created unprecedented space in which to think deeply about the fundamentals of moving people and goods around, says FleetCheck
The distinction between a van and a car can have significant implications for tax particularly with respect to how they are treated for benefit in kind purposes – a van would generally have a lower benefit in kind charge than a car.
The latest figures from the Department for Transport reveal that light commercial vehicle traffic in the UK has returned to pre-lockdown levels, Vimcar’s survey of German SMEs provides a useful steer as to what these businesses can expect.
Shell Telematics is available for all fleet types an leverages both historical Shell Card information and real time vehicle data to provide customised reports such as idling, fuel efficiency and journey optimisation.
Because of the uncertainty around the current economic situation, many companies are pulling the purse strings tight. This means that they are often putting off their normal car and van replacement cycles at the same time as looking at ways of cutting service and maintenance costs.
A number of Audi e-trons are becoming available for rental for leases from periods of 3-12 months, with vehicles delivered new directly from the dealer.