ALD | LeasePlan to invest €600m in accelerating electric car lease options

  • ALD | LeasePlan will invest €300m to finance 15,000 new electric car lease vehicles, consisting of fully electric cars and low-emission plug-in hybrids.
  • The European Investment Bank (EIB) will also invest €300m into the project.
  • The move helps the EU to meet its future greenhouse gas reduction targets.

Electric car lease options just got more available

ALD | LeasePlan, a major vehicle leasing company, has announced a significant deal with the EIB to accelerate the adoption of low-emission electric vehicles and plug-in hybrids in Europe. The agreement will result in an extra 15,000 low-emission EVs and plug-in hybrids on Europe’s roads over the next three years.

The company pledge to invest €300m to meet this target. This is also being co-financed by the EIB, who are also matching ALD LeasePlan with €300m of its own financial support.

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The company also notes that only plug-in hybrids with CO2/km levels below 50g, along with full EVs, will be involved in this vehicle leasing mix.

ALD only acquired LeasePlan in May of this year, which made the merged company one of the largest vehicle leasing companies worldwide. It operates in 44 countries worldwide, managing around 3.3m consumer and business lease vehicles.

The European Union’s push for emobility is in full swing. This news comes just after it mandated that ultra-rapid electric car chargers must be available every 60km on major roads across the union.

This new agreement brings more hope for the EU to meet its ‘Fit for 55’ goal. This entails reducing greenhouse gas emissions in 2030 by 55%, compared to 1990 levels.

“I am delighted that the EU Climate Bank is able to provide this loan to support the greening of ALD I LeasePlan’s fleet of hybrid and electric vehicles. ALD I LeasePlan is a European leader in sustainable mobility, and plays an essential role in disseminating these best practices among SMEs, which count among its most important customers”

Ambroise Fayolle, Vice President of the European Investment Bank

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