Back at the the start of 2020, Citroen’s CEO announced in Paris that the brand would be pushing for a 100% electric line up of consumer cars by 2025. That’s a full five years ahead of the Government’s target. This week sees an announcement from Vauxhall that it will move to a 100% electric platform by 2028.
Combined with record high prices at the petrol/diesel pumps – and similar announcements by other manufacturers – it makes you wonder about the resale value of fossil fuel cars going forward. Ford is expecting that a third of its global shipments will be EV by 2026, with the company aiming to sell over two million EVs in the next four years.
In February 2022, battery electric vehicles counted for almost 18% of all the new vehicles registered – outselling diesels by more than 2 to 1.
With diesel nudging past £1.90 at some service stations, BiK set to remain at 2% for a while yet and Salary Sacrifice Schemes able to save workers thousands of pounds on a new car the arguments in favour of moving fleets across to electric vehicles have never been stronger.