Smart Transport

Almost half of UK businesses want to introduce EVs as company benefit

Electric vehicle charging

Almost half (43%) of UK employers have named offering electric as their top priority for staff benefits, according to to Willis Towers Watson’s 2021 Car Benefits Survey Report.

Furthermore, the survey suggests that almost two-thirds (61%) of UK companies plan to review their company car benefit policies over the next year.

The most common reason given was to align with market best practice or competitiveness, with 71% indicating this was the main trigger. Another frequent prompt for a review was the introduction of more environmentally friendly behaviours and policies (57%).

“It is very encouraging to see that so many employers are planning to introduce green alternatives within their car benefits policies,” said Samantha Rogers, reward data service consultant at Willis Towers Watson. “Companies are clearly aware of the growing urgency of the climate emergency.”

Organisations are seeking to reduce car travel, and their carbon footprints, by embracing work from home policies.

The pandemic-prompted work from home revolution is increasingly being reflected in car benefits policies. Only 3% of employers planned to reduce car journeys through embracing work from home in 2020. In 2021, this leapt up to 27%, with similar numbers planning to reduce car travel through increased tele/web conferencing.

Allowing employees to choose electric or hybrid vehicles is becoming much more commonplace. Just over a third (35%) of UK organisations now give sales professionals and managers the option to go electric or hybrid, a rapid jump from 19% in 2020.

Almost a quarter (21%) of companies will even cover the home installation of a charging point, as well as the charging costs for plug-in vehicles.

Companies are also seeking to play their part in getting high emitting cars off the road. A quarter (24%) plan to introduce a CO2 emission ceiling on cars. They will join the almost half (45%) of UK organisations which already have a ceiling on CO2 emissions.

Rogers continued: “The pandemic has prompted organisations and employees to re-evaluate whether as many in-person meetings are necessary.

“It is also great to see that so many employers are planning to introduce electric or hybrid cars, and those that do will be able to benefit from tax advantages in some circumstances.

“It will be interesting to see how employers seek to make their car benefit policies more environmentally friendly in the years to come.”

Willis Towers Watson surveyed 620 UK organisations about their company car benefit policies and practices during the second half of 2020 and early 2021.

Further information on the factors shaping company car policies in 2021 can be found on its website.

Our next event: Exploring the roadmap to decarbonising transport by 2050

Smart Transport Conference - Trudy Harrison

We’re delighted to announce that the newly appointed Parliamentary Under Secretary of State, Department for Transport (DfT), Trudy Harrison, has been added to the speaker line up for November’s conference, and will be joining the session: ‘Navigating the Government pathway to net zero’.

Download the agenda

Register now



Comment as guest


Login  /  Register

Comments

No comments have been made yet.

Related content




Office Address
  • Smart Transport
    Media House
    Lynch Wood
    Peterborough
    PE2 6EA
Join the community
  • Smart Transport is the UK's most important brand to bring together senior public policy makers and influential private sector leaders to showcase real-time solutions aligned to government policy.
  •  
  • Find out more
  • Insight
  •  

 

Welcome to Smart Transport

Welcome to the Smart Transport website, keeping you up-to-date with the latest news, insight and reports from policymakers and thought leaders.

The Smart Transport brand connects policy to solutions by bringing national government and local authority policymakers together with private sector organisations.

Contact Lindsay Greatbatch for more information.

© Bauer Consumer Media Ltd
Media House, Lynch Wood, Peterborough, PE2 6EA - Registered number 01176085 IPSO regulated logo

 

Smart Transport members

Smart Transport members

Please note:
By submitting any material to us you are confirming that the material is your own original work or that you have permission from the copyright owner to use the material and to authorise Bauer Consumer Media to use it as described in this paragraph. You also promise that you have permission from anyone featured or
referred to in the submitted material to it being used by Bauer Consumer Media. If Bauer Consumer Media receives a claim from a copyright owner or a person
featured in any material you have sent us, we will inform that person that you have granted us permission to use the relevant material and you will be responsible for paying any amounts due to the copyright owner or featured person and/or for reimbursing Bauer Consumer Media for any losses it has suffered as a result.