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Just over a third of company cars are diesel, HMRC data suggests

19 July 2023 09:00:00 BST | News, Stats & Facts Just over a third of company cars are diesel, HMRC data suggests

Just over a third of company cars are diesel, down from 80% of the fleet in 2017, according to new data published by HMRC.

Just over a third of company cars are diesel, HMRC data suggests

Just over a third of company cars are diesel, down from 80% of the fleet in 2017, according to new data published by HMRC.

The proportion of company cars using diesel fell to 35% (245,000) in 2021/22, down from 49% (355,000) in the previous tax year (2020/21).

The number of petrol company cars increased year-on-year, from 315,000 to 345,000 in 2021/22, but it is electric vehicles (EVs) which have benefitted most from the switch away from diesel.

The figures from HMRC show that 17% of company cars – some 125,000 vehicles – were fully electric in 2021/22.

That is more than double the 50,000 electric company cars reported the previous tax year (2020/21), when electric vehicles accounted for 7% of the company car fleet.

The increase in electric company cars, which has been driven by low benefit-in-kind (BIK) tax rates, has helped reduce the average CO2 emission rate of company cars to 86g/km – down from 99g/km in 2020/21.

Even after excluding electric cars, the average CO2 emission rate has reduced to 103g/km, confirming a trend towards lower emission fossil fuel cars.

Two decades ago, in 2002/03, more than half (58%) of company cars had reported emissions in excess of 165g/km. That has now fallen to just 2% of the company car fleet due to fossil fuel cars becoming more efficient and an increasing share of company cars powered exclusively by electricity.

 

 

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Eleonora Malacarne

Written By: Eleonora Malacarne

Translator, linguist, blogger, multilingual content manager, SEO copywriter and content creator, digital marketer and language consultant with extensive experience in tourism, telematics and in the translation and localisation industry.