Average whole-life costs for company cars have increased by 18% this year, according to ALD Automotive, but electric vehicles are still competitive despite escalating energy prices.
However, he added, whole-life cost analysis is “crucial” for selecting the vehicles and those comparisons have become increasingly volatile over the last year. This is delaying decision-making among corporate customers, where multiple departments influence the procurement process. There are large variations on a more granular level. Range-wide price increases vary by between 1.2% and 8.2% depending on the manufacturer, while the most popular models are between 1.6% and 10.3% more expensive than they were at the end of 2021.
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