Addition benefit is smaller, so is the interest
The Association of Dutch Car Lease Companies (VNA) has published its figures for the lease market in 2022. It shows that the total market grew by 4.2 percent last year, but the share of the electric car shrank. Business leasing of used cars also became more popular due to the shortages of new cars.
Research by leasing company ALD Automotive showed it a while ago: among lease drivers, doubts are arising about electric driving because the addition benefit is decreasing. Now it seems that these doubts have consequences for the lease market, because the share of new electric cars was less in 2022 than in 2021. In 2021, 27 percent of new lease cars were fully electric, in 2022 that was 25 percent. . The size of the total lease car fleet did grow in 2022: at the end of the year it had 1,256,000 cars, a growth of 4.2 percent. Please note: these are company cars and passenger cars in both the business and private lease together.
However, the reduced addition benefit is not the only explanation for the reduced relative popularity of electric cars among leasers. Firstly, it only applies to 784,500 of them, because you only have to deal with additions in the business lease and the other lease cars are leased privately. In addition, the popularity of lease cars increased partly due to the shortage on the labor market. This prompted employers to offer a lease car more often to convince new employees, while at the same time the supply of new (electric) cars was limited by all kinds of shortages and problems. To compensate for this shortage, lease constructions were more often set up for used cars, VNA reports.
The share of EV in company cars and private leasers is growing
The electric car is doing well with companies that lease new company cars. Where in 2021 only 4 percent of the new leased company cars were EVs, in 2022 that was 9 percent. The EV is also popular in private lease. In 2021, 11 percent of new private lease cars will be fully electric, in 2022 this will be 26 percent. A current figure for the total number of electric cars among the 1,256,000 lease cars in the Netherlands will not be released by VNA today.
We can, however, conclude that the lower addition benefits make a significant difference if we only look at the business lease market. We still owe you precise figures for the time being, but the percentage of EVs among all new lease cars decreased, while that among company cars and in private leases rose sharply. The decrease therefore mainly comes from the business passenger car lease market – and that is the only one that has to do with the addition benefit.
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– Thanks for information from Autoweek.nl