Long term car rentals are becoming more and more popular in Italy and are becoming an important tool for support the spread of electric vehicles in our country. With renewed incentives for the rental world, albeit with a smaller contribution than that offered to private individuals, this sector fixing a strong order recovery electric and plug-in hybrid vehicles, up 30% year-on-year.
This was reported by ANIASA, the association representing the mobility services sector in Confindustria.
More specifically, according to the report, growing number of individuals who choose to rent rather than buy a classic car. In the first months of the year they reached 170,000 (divided between 95,000 with tax code only and 75,000 also with VAT number). ANIASA says this is an ever-growing trend that is registering further growth thanks to the government’s decision to extend incentives to EV and plug-in hybrid rentals as well.
From January to October, these motors accounted for 35% of the power sources chosen by the rental channel.
Why are Italians increasingly choosing the long-term car rental formula? ANIASA says the first reason it is economic (saving 15% compared to ownership by various estimates), in addition to the monthly cost assurance that eliminates the risks of additional costs associated with the car, the time savings associated with “autobureaucracy” and used car sales.
This phenomenon has grown rapidly in recent years: +260% compared to 2020 when 65,000 private contractors used leases and this trend will continue in the coming months/years.
170,000 private leases are now being added to the remainder of the now consolidated clientele: 85,000 companies, 2,900 public administrations and over 71,000 VAT numbers (craftsmen and specialists). The contribution of individuals, with and without a VAT number, currently amounts to 15% of the total fleet of 1.1 million long-term rental vehicles circulating throughout the country, and in terms of turnover, it is about 25% of the total. Albert VianoANIASA President, commented on this increase in long-term rentals:
The penetration of long-term rentals among individuals represents one of the megatrends in mobility at the international level, with a gradual transition from car ownership to use. Today, the push to choose this formula is also associated with the advent of electricity. Renting allows you to harness that power by removing the uncertainties of technology transition, vehicle maintenance and finally resale with a more sustainable monthly fee that avoids investing large sums (not available to everyone) at the time of purchase. Leasing is the most direct and cost-sustainable tool for the ecological transition of our fleet.
The new boost to growth comes from government incentives also for individuals who prefer to rent vehicles with a low environmental impact. To further accelerate the spread of these supplies, we are asking the Government to bring the current rate of benefits from 50% to 100%, balancing the situation in relation to ownership and rent.
s
Source: HD Motori
Ashley Fitzgerald is an accomplished journalist in the field of technology. She currently works as a writer at 24 news breaker. With a deep understanding of the latest technology developments, Ashley’s writing provides readers with insightful analysis and unique perspectives on the industry.