With 2022 being a turbulent year for the fleet industry, it is predicted that many of the challenges are likely to persist in 2023, adding further uncertainty to the market.
Here we look at some of the challenges that fleets are likely to face, and what actions can be taken to minimise the impacts.
As emission regulations continue to tighten, the focus of many fleets is the switch to electrification. However, trying to move towards emission reduction goals whilst controlling costs can be a concern for businesses.
The rise in electricity prices is also another obstacle leaving some decision makers questioning the affordability of EVs.
The UK’s charging infrastructure has significantly improved over the past few years, however, range anxiety and charging still list as barriers and reasons why some companies have not yet adopted any electric vehicles.
Visit our EV Hub, to find out more information about EVs, charging infrastructure, funding and legislation, as well as our interactive tools and resources to help decide if an EV is right for you.
The shortage of HGV drivers still remains high despite the government’s efforts to help train new drivers, increase the number of HGV driving tests and encourage former drivers to return to driving.
The supply chain depends heavily upon drivers worldwide so for many fleet managers this would be a main concern and top priority.
It’s important that fleets don’t only focus on recruitment but also concentrate on creating a better logistics efficiency with the help of telematics and utilising the drivers they have.
According to experts, the vehicle delivery challenges are likely to remain for the whole of 2023. Many fleets will again be forced to continue operating vehicles past their normal trade cycles, which can lead to service, maintenance and repair (SMR) costs increasing.
We have recently shared an article which outlines a number of tips provided by our Commercial Vehicle Specialist, Kellie Davis, to help fleets keep the SRM costs under control (Opens in new window).
The fuel prices add extra pressure to the fleets. Last year, they have reached new high records. Ever since the Russia’s invasion of Ukraine, the price of diesel and petrol continually grown, with diesel reaching a peak of £196.4 pence per litter in June 2022, up by nearly 48% compared to June 2021.
Although the fuel prices remain high, they have fallen in the past few months.
According to the Office of Budget Responsibility (OBR), petrol and diesel duty rates are set to rise in line with RPI inflation in the Spring. Fleets could be hit with a 23% hike, which will have a detrimental effect on the industry. In March last year, fuel duty was cut by 5pp after being frozen at 57.95ppl since 2011. The reduction was a temporary measure due to the record pump prices at the start of 2022.
Take a look at our article aimed to help drivers improve their fuel efficiency, as well as, the answers to the FAQs about fuel.
Fleet industry news round up for february 2025
KINTO UK wins 1,700 strong commercial fleet management contract with grounds maintenance service provider idverde.
KINTO UK is proud to have been awarded the 'Showing Care' Award at Severn Trent Water's annual supplier awards last week. In 2023, KINTO UK became a trusted partner of Severn Trent Water after being a awarded the contract to deliver 289 new electric vans to them and ensured all sustainability efforts were maximised in this delivery.
The automotive industry is currently under great pressure and this is having a significant impact on the supply and delivery of vehicles.
In this month's roundup, we dive into the newly unveiled 2025 spring budget and explore its implications, alongside other key stories shaping the fleet industry. From the unexpected drop in fuel prices to growing concerns around EV battery longevity and the latest changes to VAT. Don’t miss our insights and their potential impact on the future of fleet operations.
Yesterday, chancellor Rachel Reeves delivered her first spring statement, which outlined critical policy change and economic forecasts for the year ahead. We have reflected on these announcements in our article, where we discuss some of the major highlights.