Press Releases

The popularity of company-provided electric vehicles saw the BVRLA’s leasing fleet grow 1.4% in the last 12 months, offsetting lower demand for vehicles on personal lease agreements and vans. The association’s latest Leasing Outlook report shows that salary sacrifice continues to drive growth in the sector, it is up 51% and sustaining the UK’s transition to cleaner, greener models. 

The BVRLA has welcomed the start of 2025 with a double change at the top of its senior leadership team and committee of management.

The vehicle rental and leasing sector is seeing its optimism and enthusiasm for 2025 shackled by tax rises on top of regulatory and ZEV Mandate uncertainty. That is according to the BVRLA’s latest Industry Outlook Report, which shows that members are expecting somewhat of a ‘Jekyll and Hyde’ year in 2025. 

Today’s budget from the Chancellor demonstrates the challenging economic climate facing the nation, but contained some green shoots around road transport decarbonisation, according to the BVRLA.

Private motorists are beginning to catch up to business users when it comes to EV adoption, as personal lease agreements (PCH: personal contract hire) tracked in line with ZEV mandate targets last quarter. Battery Electric Vehicles accounted for 21% of new PCH additions to the BVRLA’s leasing fleet in Q2 2024, although the association is warning that the uplift risks being short-lived if the used EV market is not stabilised.

Commenting on September’s new car registration figures, Gerry Keaney, BVRLA Chief Executive said:

The BVRLA has announced that Toby Poston will be its next Chief Executive, taking up the role on 1 January 2025 after Gerry Keaney retires at the end of the year.

Government decarbonisation targets are at risk unless it acts now to strengthen demand for used electric vehicles, warns the BVRLA.

The Government must act now to avoid further volatility in used electric vehicle (EV) values, which is damaging confidence in the transition and making new EVs more expensive.

A 2030 Phase Out target for banning new ICE van sales is unachievable, while the same target for cars is a major risk unless the Government matches its ambitious targets with additional support measures.

The BVRLA’s Leasing Broker Conference is returning to Birmingham this October, bringing more brokers under one roof than ever before. Supported by headline sponsor, QV Systems, the annual conference will again present a blend of unrivalled networking opportunities alongside an agenda of leading speakers and sector experts.

The coalition behind the Zero Emission Van Plan has written to the new Secretary of State for Transport to urge her to take action to get electric van usage on track.