LONDON, November 9, 2022 – A fifth (20%) of UK organisations who are planning changes to their company car benefits policy intend to reduce the number of employees who travel by car, through their working from home policies. That’s according to WTW’s 2022 Company Car Benefits Survey report.
In addition, a fifth (20%) of UK companies resolve to increasingly introduce CO2 emission ceilings on their vehicles. Since last year, the number of global organisations planning to introduce such ceilings has grown by 10% from 7% to 17%. This is seen to be in response to tightening environmental standards and organisations’ increasing interesting actions to help curb climate change.
Samantha Rogers, International Survey Consultant at WTW says: “Climate change is a continually pressing concern for both companies and employees, which is reflected through the changes that are being made to car benefit policies not only in the UK, but across the globe.
“The uptake of electric vehicles aligns with the push towards the UK 2030 electric car mandate and signals the change in attitude from companies and colleagues towards vehicles and their impact on the environment.”
Samantha Rogers | International Survey Consultant WTW
“The uptake of electric vehicles aligns with the push towards the UK 2030 electric car mandate and signals the change in attitude from companies and colleagues towards vehicles and their impact on the environment. But it’s also interesting to see how the shift to mass working from home has affected the need for company vehicles.”
In the next twelve months, almost three quarters (73%) of UK companies intend to review their company car benefit policies, with the main focuses being on aligning with market best practice and competitiveness (71%) and introducing more environmentally friendly policies and behaviours (50%). To this end, more than half of UK companies (51%) will continue to review the car makes and models they offer, and a third (32%) are introducing more environmentally friendly vehicles to their fleets.
The number of car benefit policies offering electric vehicles has increased since 2021 by a third (32%), as this becomes a growing priority for companies. While, for UK organisations that already offer electric vehicles as part of their car benefit scheme:
WTW surveyed 596 UK organisations across a broad range of industries about their company car benefit policies and practices during the second half of 2021 and early 2022 for its 2022 Company Car Benefits Survey Report.
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