With oil prices at multi-year lows, conventional wisdom suggests an interest in electric vehicles (EVs) will wane. Perhaps surprisingly, the opposite is happening. Whilst registrations for diesel and petrol vehicles have plunged in the UK year on year, registrations for electric vehicles have more than doubled in the midst of the global pandemic. Analysts don’t see the long-term trend toward the electrification of transport reversing. It isn’t only consumer demand driving EV sales. One of the main reasons fossil fuel vehicles may have finally reached the end of the road is that the electrification of fleets is accelerating.