Electric Cars / Industry / Salary Sacrifice

Companies are shunning the pump for the plug.

The latest report from the Department of Transport confirms what Tusker’s own figures have shown for some time, that company fleets are turning away from diesel cars in significant numbers, and instead turning towards more tax efficient and environmentally friendly vehicles.

With a drop of 177,000 corporate registrations of diesel vehicles in the first quarter of 2022, it seems that the spike in fuel prices, alongside more stringent city emissions regulations and of course, punitive BiK rates for company diesel vehicles have combined to push fleets away from their established fuel of choice, and towards electric alternatives.

The same trend is being seen outside of corporate cars as well, with the SMMT figures for the first half of 2022 showing that overall, new diesel car sales are now less than half of those for electric vehicles. With 115,249 Battery Electric Vehicles sold so far in 2022, compared to just 46,028 new diesel cars, it is not just fleets and companies that are abandoning diesel vehicles, but private motorists are too.

Of course, for Tusker’s drivers, the benefits of EV motoring have long been appreciated. Thanks to the clever way that Tusker’s car benefits schemes are structured to take advantage of the low BiK rates on EVs, and the fact that a Tusker subscription allows drivers access to a brand new car for a fully inclusive fixed monthly cost, the advantages are clear. As a result, Battery Electric Vehicles made up the top ten most popular vehicles on order in the first half of 2022 with over 80% of vehicles on order with Tusker now EVs. For the first time the list of most popular cars contained no Plug-in Hybrids or Internal Combustion powered cars at all. In total, petrol cars now only account for 5% of Tusker’s orders and just 14% are hybrid. The cause for electrification is charging ahead.

Interested in finding out more?