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High monthly payments are likely driving thousands of private motorists away from signing up to new car PCH deals, according to the latest report from the British Vehicle Rental and Leasing Association (BVRLA).
Some 49% of the company cars delivered in the first quarter of 2023 were battery electric vehicles, according to the latest data from the BVRLA.
Just 10% of employees value company cars as a benefit, according to a survey conducted by Wade Macdonald.
It estimates that the average EV owner pays £740 in charging costs per year - and drivers of combustion engine cars have today already racked up the same amount in fuel receipts.
A number of motoring experts are expressing concern over Rishi Sunak's uncertainty over whether the proposed 2030 ban on new petrol and diesel cars will go ahead.