Price disparities between electric vehicles (EVs) and internal combustion engine (ICE) company car tyres are continuing, according to our latest fleet tyre cost data.
Ongoing gap in EV and ICE tyre costs
Price disparities between electric vehicles (EVs) and internal combustion engine (ICE) company car tyres are continuing, according to our latest fleet tyre cost analysis.
In September 2023, the average price of an ICE tyre stood at £168, while an electric equivalent was 32% higher at £222. By August this year, ICE tyre prices had risen to £187, with electric tyres climbing to £246 – maintaining the same 32% gap.
Over the period, the difference in tyre pricing has generally remained in the 32–35% range, with occasional dips to 29% and peaks reaching 40%.
Tyre replacement frequency: EVs versus ICE
The data also shows that electric fleet vehicles require tyre changes more frequently. The average time to first tyre replacement for an EV is 336 days, with an average mileage of 14,352 miles. By contrast, ICE vehicles typically reach their first tyre change after 383 days and 18,333 miles.
These findings underline the need for effective tyre cost management as fleet electrification continues to accelerate.
“All of this underlines the importance of managing tyre costs effectively as fleets continue to electrify, something our technology makes possible through 1link Service Network.”
Industry perspective on tyre cost trends
Tim Meadows, CCO, said:
“There has been commentary in the fleet sector hoping the difference between ICE and electric car tyres would start to close over time, especially as electrification has progressed, but there’s no sign of that happening yet in our data.
“Also, we are seeing electric car tyres being replaced more often. This is probably primarily due to the additional weight of these vehicles but also many of these models have higher performance than ICE equivalents, and that could be a factor, too.
“All of this underlines the importance of managing tyre costs effectively as fleets continue to electrify, something our technology makes possible through 1link Service Network.”
Fleet insight: managing EV tyre costs
As fleets transition to electric vehicles, tyre management is becoming a more critical factor in overall operating costs. The combination of heavier EV models and instant torque delivery can lead to faster tread wear, reinforcing the need for smarter tyre procurement and maintenance strategies.
Platforms such as 1link Service Network enable fleets to track tyre expenditure, optimise replacement intervals, and maintain cost efficiency as part of a broader fleet electrification strategy.
About epyx
epyx specialises in e-commerce solutions for the automotive sector. Its best-known products are the 1link platforms, which improve the efficiency of major fleets and their suppliers, covering functions including vehicle maintenance, hire, remarketing and relicensing. They have been adopted by fleets totalling more than four million vehicles, thousands of service providers, and nearly all major motor manufacturers on behalf of their franchise networks. epyx is owned by Corpay.
About Corpay
Corpay (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (like fueling and parking), travel expenses (like hotel bookings) and payables (like paying vendors). This results in our customers saving time and ultimately spending less. To learn more visit www.corpay.com.