Growing Influence of Human Resources sector and Expansive Chasm in Telematics Adoption highlighted in latest Arval report
Telematics and Fleet Electrification Trends Revealed in Arval Mobility Observatory's Barometer
The latest edition of the Arval Mobility Observatory's Barometer, celebrating its 20th anniversary, offers a comprehensive look at the current state and future prospects of the fleet and mobility ecosystem. Ipsos surveyed more than 8,000 fleet decision makers across 30 countries in Europe, North and South America, and the Asia-Pacific region to gather insights for the 2024 edition of the report.
According to the Barometer, 61% of companies are either already using or considering using telematics in their fleets within the next three years. Europe leads the way, with companies like DAT, High-Mobility GmbH, Avrios, LoJack, and the auto subscription service Finn already using or planning to use telematics data from their fleets. Notably, DAT increased its stake in High-Mobility to secure standardized access to live vehicle data for fleet management and mobility services.
While 16% of companies equipped with telematics claim to be using the data coming through a telematics platform, only 16% of fleets currently use the data produced by telematics. This suggests a significant untapped potential for companies to leverage telematics data to improve fleet management and mobility services.
The Barometer also sheds light on the growing trend of fleet electrification. 36% of companies have implemented BEVs (Battery Electric Vehicles) in their car fleet, or are considering it in the next three years. The respective figures for Plug-In Hybrid Electric Vehicles (PHEVs) are in the same range: 23% and 36%. Europe is firmly ahead of the global figures in fleet electrification, with 59% already implementing at least one technology, and 77% already implementing or considering doing so over the next three years. In Europe, 25% of fleets already have BEVs (29% PHEVs), and 42% have BEVs or are considering them in the next three years (43% for PHEVs). Today, 20% of companies surveyed have at least one BEV in their fleet.
The lack of charging infrastructure is mentioned by 70% of the respondents not yet considering BEVs as an obstacle. However, company subsidies for home charging installations are on the rise, from 16% in 2023 to 20% in 2024.
Full-service leasing continues to grow in popularity, with 36% of companies considering introducing or increasing full-service leasing in the next three years. Bike leasing is a popular mobility solution, with Chile (56%), Belgium (48%), Germany (46%), and the UK (41%) having the highest adoption rates.
The most important reason given for projected fleet growth is business development (73%), followed by HR-related needs like recruitment and retention of personnel (44%) and offering vehicles to previously ineligible employees (32%). 70% of companies have implemented at least one alternative fuel technology, or are considering it in the next three years.
The 2024 edition of the Barometer is a 93-page report, containing data on the evolution of fleet composition, vehicle financing, powertrains, mobility solutions, and connectivity. The report is a valuable resource for businesses looking to stay informed about the latest trends in fleet management and mobility solutions.
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