Only two per cent of UK businesses would consider giving up their company cars in favour of a car sharing scheme, according to new research.

A study from Arval reveals that almost half of British businesses are interested in trying corporate mobility solutions, but not at the expense of their company cars.

Some 48 per cent of the UK-based fleet managers included in the survey said they would consider using car and ride sharing in the next three years, which was the highest percentage out of the 12 European countries that took part in the research.

However, just two per cent said that they would give up their company car for car sharing (when a vehicle is used by more than one person) and it was the same figure for ride sharing (when more than one person makes the same journey).

These findings come from Arval’s latest Corporate Vehicle Observatory Barometer research, which reflects the opinions of 3,718 Europe-wide fleet decision makers.

Nothing beats having a company car

Shaun Sadlier, head of Arval’s Corporate Vehicle Observatory in the UK, believes mobility solutions will eventually play a large role in business travel, but nothing could beat having a company car of your own.

He said the company car has been the number one business travel solution in the UK for almost 50 years because it remains the most efficient, cost effective and popular way for most employees to undertake the journeys they need to make.

“This is especially true when you look at the real-world routes that company car drivers take, which often include multiple stops or travel to places where there is simply no practical public transport alternative,” he commented.

“Plus, with the attention that is given to controlling the emissions of company cars, there is an argument that they are also among the more environmentally friendly solutions available.”

Heather Stark, brand manager at The Fuelcard People, added: “A company car is more than a box on wheels to shift valued employees from A to B. Drivers can get surprisingly attached, and that is backed up by this research.”

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