UK the Most Suited Market in Europe for Electric Vehicles Despite Current Pessimism, New Geotab Report Finds

Two-thirds (66%) of UK vehicles (cars and vans) currently operated by private and public sector organisations are ready to go electric and save money

• In its 'Taking Charge' report, Geotab analysed driver data from 1.3 million vehicles across seven countries over 12 months
• Electric vehicles (EVs) could prevent the use of 2.2 billion gallons of fuel while avoiding approximately 19 million metric tons of CO2 emissions over the next seven years
• The UK has by far the biggest potential for EV fleet adoption among countries covered, yet it has some of the poorest government incentives on offer
• Two-thirds (66%) of UK vehicles are 'EV suitable,' meaning two things: they are range capable, and switching to electric would save companies' money - an average of £13,279 per vehicle over seven years (a typical replacement cycle for a fleet vehicle)
• The UK's EV suitability compares favourably to other markets covered in the report: Canada (50%), Spain (43%), the United States (38%), Germany (35%), Italy (28%), France (20%)

LONDON, April 17, 2024 /PRNewswire/ -- Geotab Inc. ("Geotab"), a global market leader in connected transportation solutions, has found that two-thirds of vehicles (cars and vans) operated by private and public sector organisations in the UK are ready to go electric — contrary to increasing industry and media pessimism around electric vehicle (EV) adoption.

Geotab's  'Taking Charge: On the Road to an EV Future' report analysed driver data from 1.3 million vehicles across seven countries over 12 months. It found that fleets switching to EVs could reduce 2.2 billion gallons of fuel from conventional vehicles while avoiding approximately 19 million metric tons of CO2 emissions over the next seven years.

From the analysis, the UK was also singled out as by far the most 'EV suitable' market in Europe. That is despite having some of the poorest national EV incentives on offer compared to the other European countries in the report. France, Germany, Italy and Spain all currently offer EV buyers up-front purchase incentives*, whereas the UK government withdrew the Plug-in Car Grant in 2022.

Geotab found that 66% of light-duty vehicles (cars and vans) in the UK are ready to go electric and, crucially, save money for the organisations running them. The UK's EV suitability compares favourably to other markets covered in the report, which includes Canada (with an EV suitability of 50%), Spain (43%), the United States (38%), Germany (35%), Italy (28%), France (20%).