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The increase in National Insurance (NI) contributions recently confirmed by government has further strengthened the financial standing of electric vehicles (EVs) as company cars, and made them even more attractive within salary sacrifice schemes, says Arval UK.

A 280% growth has been seen by Arval UK in the number of vehicles it operates under its Ignition salary sacrifice product during the last 12 months, new figures show, with the top 15 cars chosen now all electric vehicles (EVs).

Almost two out of three small-medium enterprises (SMEs) would consider using specific leasing products for cars and vans – although outright purchase still remains the most popular option.

Sustainable cleaning company, Tennant Group, has switched to a whole life cost (WLC) model to construct its company car list and accelerate the electrification of its fleet.

Almost half of UK employers (46%) who offer alternative mobility solutions do so for all of their staff, according to Arval Mobility Observatory’s 2021 Barometer.

Low tax rates on electric vehicles (EVs) has resulted in a large increase – now 53% compared to 39% in 2020 – in employers offering salary sacrifice to non-company car drivers, new research shows. 

The popularity of contract hire – also known as operating leasing – as a method for funding company cars and vans looks set to dramatically grow over the next three years, new research shows.

Short and mid-term vehicle rental has been identified as the top mobility solution favoured by businesses in new research, being mentioned by more than six out of ten of those questioned.

Almost six in ten (59%) of the fleets which are not considering implementing electric vehicles (EVs) named a lack of public charging infrastructure as the top barrier to their adoption.