“Through our financing to support European companies in their energy transition, the EIB is playing its part in driving the low-carbon transformation of the entire automotive sector," explained EIB Vice-President Ambroise Fayolle. The PHEV vehicles involved are capped at a maximum level of emissions of 50 g CO 2/km (one-third lower than in 2019).
However, battery electric vehicles (BEVs) are proven to have a greater impact in reducing carbon emissions when looking at the full supply chain from production to the road.Ĭovering a period of three years and considering the existing constraints on the range of electric vehicles and the charging infrastructure available in Europe, this new operation will co-finance an eventually equal number of BEVs and PHEVs (15 000 vehicles in total over three years). In most EU countries, plug-in hybrid electric vehicles (PHEVs) still account for the largest number of green vehicles on the road. It will enable ALD | LeasePlan to further develop its range of electric vehicles (battery electric vehicles and plug-in hybrid electric vehicles) across the European Union, in the countries covered by both companies.ĮU targets for tackling climate change - which involves a major reduction in CO 2 emissions - effectively require a gradual move to electric or plug-in hybrid cars. This operation breaks down into a €300 million credit envelope from the EIB (on favourable financial conditions) and an equivalent €300 million investment made by ALD | LeasePlan for a duration of three years. Following on from the major financial partnership signed in 2019 to support the transition to a sustainable economy via green vehicle development, the European Investment Bank (EIB) and ALD | LeasePlan, the leading global sustainable mobility player, have launched a new operation to further accelerate the growth of the ALD | LeasePlan hybrid and electric vehicle fleet in Europe.
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