UK businesses to invest almost £16bn in Electrical Vehicles (EVs) this year, according to the latest survey.

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UK businesses are set to spend 50% more on Electrical Vehicles in the next year amounting to nearly £16bn between April 2021 and March 2022.

The latest survey from Centrica Business Solutions is great news for the environment. The survey polled 200 UK businesses that operate fleets and the findings were published on Wednesday (5 May).

67% of companies intend to operate a fully electric fleet by 2030. This is important because the Government intends to ban the sale of traditionally fuelled vehicles by that time.

Centrica's research found that UK firms spent £10.5bn on electric vehicles (EVs) and on-site charging points during the year to March 2021.

40% of businesses increased their EV flees since April 2020. 43% of businesses did not increase EV numbers and 10% decreased their EV fleet size. Of these, 34% of firms were concerned with vehicle ranges and 32% of firms prioritised coronavirus crisis related investments.

46% of businesses intend to have EV charging points on their business premises 37% have already installed the EV infrastructure. A third of the firms have already invested in on-site charging capacity and technology; with almost half planning to do so in the future.

Greg McKenna, managing director of Centrica Business Solutions, said: “Despite the disruption of the past year, it’s encouraging to see investment in EVs remain a key priority for many businesses. 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, especially as they recover from coronavirus and seek to create sustainable growth.

“Now that 2030 is set in stone as the end of new petrol & diesel sales we need to ensure three things to help get us there, sufficient electric vehicles to meet demand, reliable charging infrastructure that’s available to all and a flexible energy system that can deliver green power where it’s needed.”

Rachel Maclean, Transport Minister, said: “As we accelerate towards our net-zero future, I’m delighted to see UK firms at the forefront of the electric vehicle revolution.

“With British businesses set to increase their investment in electric vehicles by 50%, the message is clear – the future is electric. With generous government grants and tax incentives which could save drivers over £2,000 a year, there has never been a better or more exciting time to make the switch.” loves renewable energy and EVs. Check out our handy EV charging map to find a great place to charge. If you are looking to switch energy providers, check out our instant quote & switch service – 100% on-line, no brokers.

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