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Technology still leading sector for EV adoption

Published August 31, 2023

Technology still leading sector for EV adoption

Companies in the technology sector are ahead of other sectors when it comes to EV adoption, hybrid vehicle adoption and overall CO2e emissions intensity from their fleets. They are also reducing the share of diesel vehicles in their fleets faster than in any other industry.

This is the third year in a row that the technology sector has topped LeasePlan’s Fleet Sustainability Ranking. The sector holds a top three position in each of the ranking’s four categories.  The categories are: the share of battery electric vehicles (BEVs), the share of hybrids, the average grams of CO2 emissions per km and the share of diesel.

The Fleet Sustainability Ranking by Industry is a comprehensive analysis of the differences in the rate of sustainable adoption between eight industries across 22 European countries. The study covers all passenger cars leased from LeasePlan by companies operating an international passenger car fleet.

Companies in the financial and professional services, and energy and chemicals sectors also scored highly on all four of the fleet ranking  criteria. The healthcare and ph0arma industry is the least sustainable industry, which is primarily caused by its high share of diesel cars. The other industries were automotive, construction, consumer goods, and industrial.

The adoption of battery electric vehicles (BEV) has accelerated in the last two years.  BEV share is still more than doubling in each industry. Leading this trend is the energy and chemical industry with 27.2% of renewals being a BEV. Even in the industry with the lowest share  of BEV, the consumer goods industry, the  share of BEV has more than doubled in two years.

The share of PHEV and hybrids is still growing  in all industries. The consumer goods industry is leading the trend with 34.5% share of vehicles being either PHEV or hybrid.

The technology industry has the lowest share of diesel, and the  consumer goods industry almost  halved their diesel share in two years. All industries reduced their share of diesel by about 20% in two years’ time.

The large-scale adoption of BEVs and hybrids has also lowered CO2 levels significantly. All industries were able to achieve an average CO2 close to or below 100 grams per km. The technology industry has achieved both the lowest average CO2 and the largest decrease compared to 2020. Meanwhile, the automotive industry shows both the highest CO2 and the lowest reduction compared to 2020.