Energy, Automobile, EV, Renewable News | 2030 ICE ban in sigh, UK businesses spent £11.6bn on EVs in 2021

2030 ICE ban in sigh, UK businesses spent £11.6bn on EVs in 2021

July 12, 2022

UK businesses are set to adopt more than 163,000 electric vehicles (EVs) this year as part of a major investment in fleet electrification, according to a new study by Centrica Business Solutions.

The increase would see over a third (35%) more business operated EVs on the road by the end of 2022, compared to the 121,000 registered by firms last year.

The research also found businesses spent £11.6bn on EVs and supporting infrastructure in 2021 and are planning a 15% spending increase over the next year, taking the total investment in fleet electrification to £13.6bn.

Despite the record levels of planned investment, almost two thirds (63%) of businesses are worried about accessing public charging points to keep their fleet moving.

To overcome the charging challenge, almost half (48%) of firms have installed EV charging points at their premises, with more than a third (36%) planning to invest in on-site charging infrastructure in the next 12 months.

The majority of fleet operating businesses (62%) said they expect to operate a 100% electric fleet within the next four years, comfortably ahead of the 2030 ban on new petrol and diesel vehicles.

More than four in ten (44%) said they had increased the number of EVs in their fleet over the last 12 months. Download Report

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