Survey: Petrol and diesel vehicle phase-out driving £12bn EV investment

clock • 4 min read

Many UK firms are planning to significantly ramp-up spending on electrifying their fleets over next two years, according to Centrica survey

Businesses are planning to accelerate investment in electric vehicles (EVs) by almost 50 per cent over the next two years, according to a survey by energy giant Centrica. UK firms have already spent...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

Study: Public EV charging now cheaper than petrol or diesel for most drivers

Study: Public EV charging now cheaper than petrol or diesel for most drivers

Cost savings from charging an EV compared to using petrol or diesel hit highest level since May 2024, new analysis claims

Stuart Stone
clock 24 April 2026 • 4 min read
SMMT: One-in-nine vehicles on UK roads now electrified models

SMMT: One-in-nine vehicles on UK roads now electrified models

Britain's vehicle fleet is growing, as record numbers of zero emission vehicles hit the roads

Stuart Stone
clock 24 April 2026 • 4 min read
'EV demand boom': Octopus EV reports surge in leases for used electric cars

'EV demand boom': Octopus EV reports surge in leases for used electric cars

Firm claims surging interest in second-hand EVs driven by influx of cheaper models and promise of lower monthly running costs compared to petrol and diesel cars following the Iran war

Stuart Stone
clock 23 April 2026 • 2 min read