Lex Autolease research: Cost of hybrid or electric cars a barrier for employers

Four in 10 financial directors would not pay a financial premium to introduce hybrid or fully electric cars to their fleets, according to research by Lex Autolease.

The fleet provider, which polled 100 employers across the UK, also found that just over half (53%) would invest in hybrids and electric cars if they could match petrol and diesel alternatives on a range of criteria, including running costs and convenience of use.

Marcus Puddy, head of consultancy services at Lex Autolease, said: “For a long time petrol ruled the roost, but today diesel is the most popular fuel choice.

“The fleet industry is renowned for being an early adopter of new technologies and, over the next five years, we anticipate that electric cars will become a practical option, in limited numbers, for firms doing a lot of localised, short journeys.

“Whether they eventually become a mainstream choice for the company car driver is another matter altogether, and this will largely be dictated by how well the current generation of electric cars perform on the used car market.”

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