Arval’s global battery electric vehicle fleet up by 52%

Arval has grown the number of vehicles it leases by 5.6% year-on-year, with its global fleet now standing at almost 1.8 million vehicles.

That included 573,086 electrified vehicles, up 31% compared to the previous year, and 253,373 battery electric vehicles (BEVs), a year-on-year increase of 52%, with pure EVs now representing 22.6% of all new vehicle orders.

In the UK, Arval had a risk fleet of 195,181 cars and vans in 2024, a year-on-year increase of just over 3%, making it the fourth largest vehicle leasing company in the country, according to the FN50. 

International large corporates accounted for more than a quarter of the global risk fleet, with 460,000 leased vehicles worldwide, an increase of 5%. 

Meanwhile, corporate clients in general accounted for 736,000 vehicles, an increase of 6%.

The retail segment reached 554,000 vehicles, up 9% compared with 2023.

At the end of 2024, Arval had more than 410,000 users of extended mobility solutions, of which 60,000 Arval Mobility Pass users, and more than 9,000 bike users.

The number of connected vehicles also passed the 800,000 mark, an increase of 29% on the previous year.

Furthermore, with Arval Re-lease, its used car leasing continued to grow, reaching 21,600 vehicles leased, up 30% compared to 2023.

Alain van Groenendael, chairman and CEO at Arval, said: “In 2024, we confirmed the strength of our collective and partnership momentum by making major strategic advances. 

“Together, thanks to the mobilisation of our employees, the support of BNP Paribas and the trust of our partners, we have been able to take new steps to better support our customers in their mobility and their energy transition. 

“These solid foundations enable us to approach 2025 with ambition and determination, ready to take on new challenges and continue to create sustainable value in a profoundly changing market.”

Arval has provided more 7,800 consulting hours to support its customers in their energy transition and has put in place services to facilitate the testing and adoption of electric mobility and associated services.

Through numerous partnerships, for example, Arval’s clients can now access more than 700,000 charging points.

In addition, Arval has set itself the goal of 100% of new vehicle orders for the use of its employees to be BEV from 2025, and achieving 400,000 electric vehicles leased globally at the end of 2026. 

Battery health certificates

With a desire to accelerate electrification in the used vehicle market, Arval provides a battery state of health certificate with each of its used EVs. 

The results of an analysis carried out by Arval’s consulting team on the state of health of its electric vehicle batteries show battery longevity well beyond the manufacturer’s warranties at 93%.

Looking to the future, Arval is committed to sustainable mobility beyond its commercial scope, launching the Arval Energy initiative in April 2024, offering vehicle-to-grid (V2G) and vehicle-to-home (V2H) technologies. 

Arval has 8,527 employees serving more than 400,000 customers in 29 countries. It will publish its annual financial results on March 7.