Companies and the public sector are moving slowly in the electrification of their vehicle fleets. However, a law of August 17, 2015 defines renewal quotas for clean vehicles for the State, public establishments and local authorities. This system was supplemented in 2019 by the mobility orientation law (LOM), which sets percentages of low-emission vehicles in orders from private companies.
From 1er January 2022, the latter had to reserve 10% of their renewals for low-emission models. This percentage will increase to 20% from 1er January 2024, then 40% on January 1er January 2027 and, finally, 70% from January 1er January 2030.
Regulated by law, automobile purchases by companies are of a strategic nature to decarbonize transport. Fleets represent more than 40% of registrations made in France and they help drive trends whose impact will be felt on the second-hand market two, three or even four years later. New electric vehicles at high prices will transform into second-hand models accessible to a greater number of individuals.
Increasing purchasing volumes
The movement has now begun. Over the first nine months of 2023, electric, hybrid and plug-in hybrid automobiles and utility vehicles represented 32.07% of sales to businesses, according to figures from the specialist company AAA-Data. For 2022, this indicator reached 23.07%. In one year, the market share of electrified vehicles has increased from a quarter to a third.
If this dynamic growth must be put into perspective due to low initial volumes, the performance deserves to be praised. For their part, the volumes of gasoline plug-in hybrids increased by 41.18%, and gasoline self-charging hybrids increased by 84.16%. Pure electric takes 10.07% of the car and utility market, while the petrol plug-in hybrid reaches 8.59% and the simple petrol hybrid 12.04%.
Although the rise of electrification is more of a modest wave than a tidal wave, the projections of long-term rental companies give an idea of the future of this market. A major player in the global market, ALD LeasePlan estimates that electric vehicles will represent half of its vehicles put on the road in 2026, internationally, when they made up 28% in 2022.
A subsidiary of BNP Paribas, Arval has signed an agreement with ChargePoint around the charging of electric vehicles. At the end of 2023, the rental company provided financing and management of 366,000 electrified vehicles, i.e. volumes up 23.5% compared to the end of 2022. In this total, 126,000 drove using electric energy alone, i.e. growth of 39.4% compared to the end of 2022.
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