However, just 2% said that they would give up their company car for car sharing (when a vehicle is used by more than one person) and it was the same figure for ride sharing (when more than one person makes the same journey).

The findings come from the 2018 edition of Arval’s long-established Corporate Vehicle Observatory Barometer, research which covers 3,718 fleet decision makers.

Shaun Sadlier, head of Arval’s Corporate Vehicle Observatory in the UK, said: “There has been quite a lot of talk in the media and elsewhere about the rise of mobility solutions.

“We support this discussion – we have recently introduced a range of mobility products ourselves and believe that they will come to play a larger role in business travel.”

However, Sadlier said the company car had been the number one business travel solution in the UK for nearly 50 years as it remains at this point “the most efficient, cost effective and popular way for most employees to undertake the journeys they need to make”.

Sadlier said that there was evidence in the Corporate Vehicle Observatory research that interest in mobility solutions was highest among larger organisations.

For example, 7% of businesses with more than 250 employees were interested in ride sharing and 5% in car sharing.

He said: “This makes sense. Ideas such as car and ride sharing are much more practical, in almost all cases, if you have more employees.

“A greater number of people opens up options in terms of sharing both journeys or vehicles to generate cost and environmental efficiencies."

Earlier this year, Arval launched a car charing product to supplement the short and mid-term rental solutions that it has had in place for some time.

Would you give up your company cars for a mobility solution?