Measures to create a healthy used EV market and increase demand for rental EVs are required for the UK Government to achieve its decarbonisation targets, according to the BVRLA.
The rental and leasing industry body has issued its response to the government’s current consultation on its ZEV mandate.
Regarding used EVs, the BVRLA said the market was not currently set up to to absorb the high levels of supply coming its way, driving high vehicle depreciation that in turn pushed values of new vehicles up.
As for the rental market, the organisation said this had unique challenges that were only being exacerbated by forced supply, with customer demand lagging behind the business sector and infrastructure installation proving a costly and time-consuming process.
The BVRLA, which has also called for measures to aid electric van adoption, said its response followed an extensive dialogue with its members, government officials, and a host of industry representatives and bodies.
BVRLA chief executive Toby Poston said: “Electric vehicle registrations have never been higher, but the fleet and mobility services sector’s confidence in a fast, fair and affordable net zero transition is wobbling.
“The long-awaited consultation on the ZEV mandate provides a valuable opportunity for the government to realign its aims with the realities seen in the market.
“The targets are at major risk unless the policymakers deliver a comprehensive set of measures to drive long-term demand.”
