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News post

£16bn in business EV investment to accelerate the UK out of the pandemic

Our 2021 survey of business attitudes to electric vehicles (EV) shows growing optimism about the transition with business investment over the next 12 months to increase 50% year-on-year.

The research, commissioned by Centrica Business Solutions, revealed that UK firms spent £10.5bn on electric vehicles (EVs) and on-site charging points during the year to March 2021 but are now planning £15.8bn of investment in the same area over the next 12 months– a 50% increase year-on-year.

Rise in EVs

Two fifths (40%) of those questioned said they had increased the total number of EVs within their fleet between April 2020 and March 2021.

Of these businesses, six in ten (58%) cited the need to meet corporate sustainability targets as the biggest driving factor behind their increased adoption of EV, followed by reducing operational disruption caused by low and zero-emission zones (51%) and the attraction of the lower maintenance and whole-life costs offered by EVs (37%).

50%

Uplift in planned spending during the previous 12 months to £15bn for the next year

40%

Have increased the number of EVs within their fleet between April 2020 and March 2021

58%

Cited the need to meet corporate sustainability targets as the biggest driving factor EV adoption

The fact that firms are planning to increase their spending so dramatically over the next 12 months is proof that more businesses are recognising the advantages of adopting low-emission vehicles"
Greg McKenna MD, Centrica Business Solutions

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