New registrations in Germany are experiencing an electrification boom. In the first quarter of 2021, almost one out of four (24%) newly registered passenger cars was equipped with an alternative powertrain - and this figure is even higher on the fleet market.
The Negative Consequences of Personal Use
There are a number of “hidden” costs to offering employees the personal use of a company vehicles. It negatively impacts the resale value of a vehicles. On average, personal use accounts for 15-18% of the overall miles accumulated during a vehicle’s service life. This blog will explore the various other hidden costs of providing personal use.