EVs overtake diesel and close in on petrol
Battery electric vehicles (BEVs) took a 15% share of new lease car registrations in the third quarter of 2020.
According to the BVRLA’s latest Quarterly Leasing Survey, plug-in and hybrid vehicles overtook diesel with a 36% share of new lease car registrations, and is set to overtake petrol very soon.
Nearly one-fifth of the BVRLA car leasing fleet now relies on some form of powertrain 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.
BVRLA chief executive Gerry Keaney said: “Quarter three of last year delivered the long-awaited surge in BEV registrations that we expected after the introduction of the zero-rate Benefit in Kind incentive. A massive 21% of new business contract hire car registrations were BEVs, once again demonstrating that the company car sector is driving the transition to zero emission motoring.”
