The growing awareness of electric and low emission vehicles has an impact on where consumers choose to spend their money, Lex Autolease suggests.
Lex Autolease has discounted 1,000 new electric vehicles through its EV1000 cashback initiative, with more than three quarters (83%) going to fleets.
Arrival of new models to further boost demand, but concerns are raised over lack of availability.
Tax revenues rise £70m year-on-year despite figures being based on 50,000 fewer company cars.
DriveElectric has been appointed by Lex Autolease to help customers operating less than vehicles make the transition to electric cars and vans.
But tax office says new pay reporting option could have skewed figures, with fall much less than suggested.
Mitie fleet boss Simon King outlines his environmental strategy
But rising demand for ultra-low emission company cars may not save manufacturers from being fined billions of pounds by the EU for not meeting emissions target.
Lex Autolease has become the first vehicle leasing business to achieve the BSI (British Standards Institution) Kitemark for customer service.
Lex Autolease has already committed £467,000 from its £1 million electric vehicle (EV) fund since it launched at the start of the year.
By Ashley Barnett, head of consultancy at Lex Autolease
Employees in increasing numbers are opting to take cash in lieu of a company car amid year-on-year rises in company car tax, risking the Government’s green agenda.
The seminar - Another Year of Evolution - is being held on Wednesday, March 27, at the British Motor Museum, Gaydon, Warwickshire.
The company car is under pressure, but new Lex Autolease boss Richard Jones predicts a ‘shot in the arm’ thanks to EVs
The proportion of fleet drivers incurring fines and penalties for minor offences increased by more than a fifth in 2018 compared with 2017, according to Lex Autolease.
Pace of growth of plug-in registrations in the UK is half the EU average.
The Government is being warned that a failure to recognise the impact of WLTP on tax could cause long-term damage to the fleet sector and the environment.
Close Brothers' decision to have a dedicated fleet team has cut costs and improved compliance
Lex Autolease believes the number of company car taxpayers could drop from 940,000 to 832,000 by April 2020 as a result of OpRA tax changes and WLTP.
Lex Autolease has saved customers more than £1.5 million through its fleet benchmarking service since launching it in February this year.
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