Report reveals 10 ways electrification is changing fleets forever

A new report released today reveals the 10 key ways the automotive industry will be permanently changed by growing demand for electric vehicles, as companies shift away from diesel to new sources of power. The Fleet Future report, powered by Bynx, is available for download from today and reveals how demand for battery electric, plug-in hybrid and hybrid cars has risen so much that in the first quarter of 2021, alternatively fuelled vehicles outsold diesel in Europe.

Report reveals 10 ways electrification is changing fleets forever

Aug 02, 2021

A new report released today reveals the 10 key ways the automotive industry will be permanently changed by growing demand for electric vehicles, as companies shift away from diesel to new sources of power. The Fleet Future report, powered by Bynx, is available for download from today and reveals how demand for battery electric, plug-in hybrid and hybrid cars has risen so much that in the first quarter of 2021, alternatively fuelled vehicles outsold diesel in Europe.

Leasys buys Easirent to boost push into mobility sector

Leasys, a subsidiary of FCA Bank, a 50/50 joint venture between Crédit Agricole Group and Stellantis, has announced its acquisition of ER Capital Ltd, which trades as Easirent in the UK, as part of its move to create an ecosystem of mobility products and services across Europe by adding short-term rental options to its existing long-term rental offer.

Leasys buys Easirent to boost push into mobility sector

Aug 02, 2021

Leasys, a subsidiary of FCA Bank, a 50/50 joint venture between Crédit Agricole Group and Stellantis, has announced its acquisition of ER Capital Ltd, which trades as Easirent in the UK, as part of its move to create an ecosystem of mobility products and services across Europe by adding short-term rental options to its existing long-term rental offer.

BIK tax advantages prompt rise in EV salary sacrifice deals

Low tax rates on electric vehicles (EVs) has resulted in surge in employers offering salary sacrifice to non-company car drivers, with new research showing over half (53%) now doing so compared to 39% in 2020. According to the 2021 Arval Mobility Observatory Barometer, which looks at the current trends affecting company cars and vans across the UK and Europe, last year just a fifth (20%) of fleets said they were offering some form of finance solution, but this has now also risen steeply to more than a third (37%).

BIK tax advantages prompt rise in EV salary sacrifice deals

Jul 15, 2021

Low tax rates on electric vehicles (EVs) has resulted in surge in employers offering salary sacrifice to non-company car drivers, with new research showing over half (53%) now doing so compared to 39% in 2020. According to the 2021 Arval Mobility Observatory Barometer, which looks at the current trends affecting company cars and vans across the UK and Europe, last year just a fifth (20%) of fleets said they were offering some form of finance solution, but this has now also risen steeply to more than a third (37%).

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Europe

Call for business and government to accelerate switch to electric fleets

Jul 14, 2021

Transforming fleets is the key to accelerating take-up of electric vehicles (EVs) and increasing the size of the used EV market, according to a global report from international non-profit the Climate Group. The analysis, which was carried out in partnership with sustainability consultancy SYSTEMIQ, indicated businesses and governments can grow used EV market by 40% in 2030 by transforming fleets.

Americas

PACCAR Financial Services reports record revenues

Feb 06, 2020

Assets at PACCAR Financial Services reached a record $16.07 billion last year as its portfolio grew to 208,000 trucks and trailers. The results include PacLease, a major full-service truck leasing company in North America and Europe, which has a fleet of more than 40,000 vehicles. PFS revenues were a record $1.48 billion in 2019 compared to $1.36 billion in 2018. Last year’s pre-tax profits were $298.9 million.

Asia Pacific

SG Fleet widens service offering in Australia through strategic investment in car subscription provider Collaborate

Dec 16, 2019

Vehicle leasing company SG Fleet has bought a stake in Australian mobility specialist Collaborate Corporation for $2.2 million to widen its service offering. Collaborate’s core businesses are its car subscription service ‘Carly’ and a range of peer-to-peer vehicle rental offerings. With Carly, users pay a monthly subscription fee to access any vehicle from the entire fleet available.