Electric cars take record share of Fleet Alliance order bank

Electric vehicles have taken a record share of the new car order bank at Fleet Alliance in the first quarter of 2022 as increasing numbers of clients switch to electric.
 
Between January and March, some 30% of new car orders have been Battery Electric Vehicles (BEVs) and 33% have been Hybrid Electric Vehicles (HEVs), well ahead of the national market rate, and a new record for the business.

And the Glasgow-based leasing and fleet management expert expects to grow the electric element of its fleet still further this year due to the launch of its electric salary sacrifice scheme, which is intended to allow small and medium sized businesses to offer their employees low emission electric cars at highly attractive rates.

The scheme provides cheap access to fully maintained, zero carbon-emitting vehicles at no extra cost to the business, and delivers significant cost-reduction benefits due to Fleet Alliance’s multi-bid funding solution.

This employs competitive tendering amongst a panel of funders to ensure that maximum value is delivered to employer and employee by selecting the lowest cost – a facility not normally available to smaller businesses.

Fleet Alliance CEO Andy Bruce, commented: “With almost two-thirds of orders either BEVs or HEVs, we are continuing to see significant growth in electric cars across our managed fleet, well ahead of the national rate, as more of our customers opt to go down an electric route.

“This is being helped by an ever-widening array of new electric models coming onto the market, as more manufacturers broaden their product line-ups to include both BEVs and HEVs. The only major constraint is that of vehicle supply due to the global shortage of semiconductors but, with the increase in new models, there are always solutions available.

“And we fully expect to increase the electric element of our fleet still further thanks to our popular and highly cost-effective salary sacrifice scheme which focuses on the provision of electric vehicles to small and medium sized businesses,” he added.

For the first quarter of this year, the Fleet Alliance new car order bank show a 76% increase in BEV orders over the first quarter of 2021 and this type of vehicle now accounts for 30% of the company’s order bank.