Battery electric vehicle (BEV) fleet registrations have risen to 43% market share year-to-date, up over 10% compared to earlier in the year, according to the latest analysis from Cap HPI’s Insight report.

The data shows plug-in hybrid electric vehicle (PHEV) share is more than 21%, which marks a decline compared to earlier in the year when it accounted for over 25%. 

Diesel accounted for 3.8% market share, a fall of 0.9%, while petrol vehicles increased from 22,9% to 25.2%. 

Andrew Turner, principal consultant at Cap HPI consulting, said: “Looking at the last few months, BEV share is increasing, and PHEV is dropping.  

“It is far too early for this PHEV drop to be considered a reaction to the latest budget and the BIK changes that will particularly affect PHEVs from 2028, where their BIK rate will increase to 18%, as these will have all been ordered before the budget. However, we expect PHEV popularity to decline from next year onwards.” 

The October volume data features the VW Tiguan in the top spot. Six of the top 10 ranges are BEV-only, with the Audi Q4 and MG4 in second and third place, remaining popular fleet choices.

The Tesla Model Y continues to top the year-to-date chart in Insight. The year's early frontrunner, the A3, is in second, with its stablemate, the Q4, in third. The VW Golf and BMW i4 remain strong fleet favourites. 
 

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