Three-quarters of Tusker’s fleet now fully electric

Four out of every five cars delivered by Tusker in 2023 were fully electric, helping the salary sacrifice specialist slash average fleet emissions by 50%.

It means that battery electric vehicles (BEVs) now account for three-quarters (75%) of the leasing company’s risk fleet.   

In terms of growth, 2023 was strongest ever year in the company’s history thanks to its acquisition by the Lloyds Banking Group.

The company was bought for £300m by the banking giant - which is also the parent company of Lex Autolease - in February 2023.

While retaining its autonomy, it became the Group’s salary sacrifice provider and as a result saw its fleet grow by more than 90% in 2023.

Despite a slight slowing in other areas of the new electric vehicle (EV) market in 2024, Tusker says it is continuing to see growth in orders for electric cars, as the company continues to break its own records for deliveries month-on-month.

Tusker’s average CO2 emissions of its fleet have also dropped to just 13g/km of CO2.

Kit Wisdom (pictured), managing director of Tusker, said: “We’re seeing more and more people make the switch to an EV thanks to the affordable way employees are able to drive one on the Tusker scheme.

“Our continued growth shows that while an EV might not be for everyone, the vast majority of drivers are keen to drive EVs with the proportion of people choosing petrol vehicles dropping year on year.”

Despite record rises being seen in insurance costs for owner-drivers, Tusker says salary sacrifice remains cost effective.

In 2023, the Nissan Leaf, Mini Hatch electric, VW ID3 and MG4 featured in the most-ordered vehicles on the scheme.

With more new manufacturers entering the UK market this year Tusker are expecting to see many of these prove very popular across their driver base.