The coronavirus pandemic is changing the way people work, with fewer face-to-face meetings and an inevitable decline in company car mileages.
Five companies have joined The Climate Group’s global electric vehicle (EV) initiative EV100.
TTC Group has secured a new contract to help manage the risk of fleet customers at the UK’s biggest leasing company, Lex Autolease.
But figures from Lex Autolease suggest rate of increase is slowing, with volumes up just 3%.
Thousands of fleet customers have received payment holidays due to coronavirus as FCA guidance for the consumer vehicle finance market welcomed.
New company car tax rates will cost the Government £100m in lost revenue over the next two years, while drivers will face higher costs from new CO2 rating.
Kwik Fit has agreed a six-year deal with Lex Autolease, the largest deal by value and forecast tyre volume that Kwik Fit has ever secured with a leasing company.
Zenith and Lex Autolease have joined the EV100 and announced ambitious plans to reduce greenhouse gas emissions across their fleets.
Fleets seeking electric cars face further frustration this year as supply constraints and production delays experienced in 2019 are unlikely to be resolved.
The UK’s largest vehicle leasing company, Lex Autolease, is planning to close its offices in Birmingham and Aylesbury, resulting in potential job losses.
Lauren Pamma has been appointed to the newly created role of electrification propositions lead at Lloyds Banking Group in its motor finance and leasing division.
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.
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