Leasing giant funds half-a-million EVs as electrified fleet grows

Global vehicle leasing company Ayvens has funded its 500,000th electric vehicle (EV), growing its electrified risk fleet by almost a third (32%) in just nine months.

At the start of the year, Ayvens, which remains ALD Automotive LeasePlan in the UK until next year, funded 380,000 electrified vehicles in its global fleet at the end of 2022.

Newly published figures show that the newly combined businesses of LeasePlan and ALD Automotive reached the EV milestone nine months later, with battery electric vehicles (BEVs) representing 53% of the overall EV fleet.

To further accelerate the switch to EVs, Ayvens’ recently announced new EV targets as part of PowerUP 2026, its three-year strategic plan.

It wants 50% of its new car registrations to be EV by 2026 – 40% will be BEV and 10% will be plug-in hybrid (PHEV) – representing a significant increase from 28% in 2022.

The company also aims to quadruple the use of its full bundled electric product by 2026 up to 400,000 contracts, by making it simple to choose electric thanks to end-to-end turnkey EV solutions including consultancy, charging and reporting solutions.

"This new milestone clearly underscores our commitment to accelerating the take up of electric vehicles and is fully aligned with our PowerUP 2026 strategic plan and our new brand promise,” said Tim Albertsen, Group CEO of Ayvens.

“With 3.4 million vehicles managed worldwide and the world’s largest multi-brand EV fleet, we can leverage our unique position to lead the way to net zero.

“We have an important role to play in the democratisation of EVs to facilitate this transition and in the greening of vehicles fleets globally.

“Using our industry leadership to shape the future of mobility, we are committed to making sustainable mobility an easy choice for all.”

The increasing share of EVs, driven by BEVs, will also significantly reduce the CO2 emissions of Ayvens’ fleet to less than 90g/km, on average, by 2026, compared to 112g in 2022.

Used electric vehicles being leased

With the increasing proportion of new EVs in Ayvens’ fleet, the leasing company says it represents a growing portfolio of “well-maintained” used EVs which can be made available for lease across multiple leasing cycles, given the extended life expectancy of EVs, and channels.

Ayvens aims to have 300,000 funded contracts by 2026 (180,000 in 2022) as part of its flexible, subscription and used car lease offering to further diversify its service offering and improve access to EVs.

These vehicles will ultimately be made available for sale through Ayvens’ global multi-channel remarketing platforms, ALD Carmarket, which represents more than 600,000 vehicles sold each year to a large range of buyers across 40 countries.