FLEET Alliance, a Glasgow headquartered specialist in fleet management and leasing, reports that electric powered cars have achieved a record market share of its order banks as the corporate electrification momentum shows no sign of decelerating.
During the second half of 2024, battery electric vehicles (BEVs) and plug-in electric hybrids (PHEVs) accounted for 79% of Fleet Alliance new car orders on its managed fleet of over 30,000 vehicles.
The trend has continued into 2025, says Fleet Alliance with the current order pipeline comprising 82% of BEVs and PHEVs – the highest market share for both model types so far recorded by the company.
It puts the rise down to fleet managers and drivers becoming more aware of the cost and tax-savings potential of such cars, with 74% of all fully electric cars funded by business leasing in 2024.
“Both BEVs and PHEVs continue to dominate our order books, offering as they do advantageous tax breaks and a low carbon option for businesses, and an attractive tax- and cost-effective way of acquiring an electric car for employees.”
Andy Bruce, Fleet Alliance CEO
Tesla is electric favourite
The Tesla brand remains the stand-out choice with both businesses and drivers, Fleet Alliance reports.
Topping the 2024 Fleet Alliance electric car charts is the latest Tesla Model 3 saloon, which now boasts its longest ever range, following the autumn launch of a new Long Range variant with a 436-mile range and a starting price of £44,990.
In second place is the Model Y, an updated version of which is set to go on sale at the end of this month. The Model Y features a new-look front end which takes inspiration from Tesla’s Cybertruck and which Tesla claims benefits both aerodynamics and safety.
“It is perhaps unsurprising that Tesla continues to claim first and second places in our top 10 charts as it has been the outstanding electric car brand for a number of years now. Both models offer benefits in terms of low monthly rentals and BIK rates which really appeal to our customers.”
Andy Bruce, Fleet Alliance CEO
In third place was the Polestar 2, jumping from 10th place halfway through the year to third place in a strong second-half sales performance. New batteries give ranges between 322-406 miles with a starting price of around £44,950.
Other models to feature in the Fleet Alliance top 10 included the MG4, Mercedes EQA, BMW i4 Mercedes EQB, Cupra Born, Audi Q4 and Skoda Enyaq.
Bruce said that salary sacrifice had proven to be an enormously popular method of acquiring a new electric car and almost a quarter of all BEVs were now funded this way, adding that the swing to electric to further accelerate over the coming months.
“It’s clear that tax incentives, coupled with companies’ own ESG agendas, are powering the adoption of EVs in the business sector and this seems set to continue with clarity on favourable BIK rates now announced to the end of the decade.”