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Growing concern among fleets over EV costs, Europcar finds

41% reported concern over the cost of purchasing, maintaining and financing an EV in Q1 2026, up from 36.7% in Q4 2025.

EV concern
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Europcar has found that concern is growing among fleets over electric vehicle (EV) costs so far in 2026.

41% reported concern over the cost of purchasing, maintaining and financing an EV in Q1 2026, up from 36.7% in Q4 2025.

The survey also found that concerns around charging infrastructure were up slightly, to 29.5% from 28.6%.

However, fleets were less concerned about choice and availability of EV models, down from 15.9% to 13.5%.

Respondents said that concerns over resistance to EVs were less of an issue in Q1 2026, with 10.8% citing it, down from 13% in Q4 2025.

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Tom Middleditch, head of B2B marketing and sustainability spokesperson at Europcar said: “Our latest data shows that financial considerations and confidence in EV technology continue to shape purchasing decisions and fleet scale-up.

“With mixed messages from Government over the last few months regarding taxes on EVs, and the increase in benefit-in-kind (BiK) tax from April, it seems that cost is becoming a bigger factor in holding business buyers back.

“The uncertainty over the detail of a tax on mileage of EVs and no clarity on timing is undoubtedly creating a question in people’s minds.

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“What’s needed right now is a clear direction so that businesses that work on three to five-year fleet cycles can plan ahead effectively.

“There is, however, a more positive picture when it comes to knowledge and understanding around owning and driving an EV.

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“In Q1, fewer businesses saw this as a barrier to switching to electric. We believe that the growth we have seen in EV rentals is contributing to this increased confidence with a 139% year-on-year increase in Q1 2026.

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“EV rental enables businesses to get an accurate picture of how EVs can fit into their fleet and their operations without having to make any long-term commitments.

“We are committed to helping drivers and businesses make more informed decisions, based on first-hand experience instead of concerns which stem from lack of real-world experience.

“The growing range of rental options and vehicle choices available from Europcar means we have an EV to suit every journey, and a detailed handover helps drivers take to the road happy and confident.”