Void between private and fleet demand is putting pressure on leasing firm profits Electric company cars have reached a market share beyond the government’s 80% ZEV mandate target for 2030, according to leasing firms, but they warn that weak retail demand and shifting policies pose longer-term risks for a sector that now owns more than a third of the country’s EVs. Demand for company cars has surged since ultra-low tax rates for electric cars (EVs) and plug-in hybrids (PHEVs) were reintroduced in 2020. All company cars are assigned a ‘taxable value’, which is a percentage of the list price weighted on its CO2 emissions, and drivers pay benefit in kind (BIK) on that value…
Calls for stable policy as EVs exceed 80% of company car orders
