Campaigners say Europe's car leasing giants lag shift into electric gear

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Grandpere’s love builds a Viking ship in West Pubnico | SaltWire - European campaign group Transport & Environment on Wednesday urged leasing firms to stop renting out fossil fuel vehicles by 2028 and said the top rental companies, with a combined fleet of 9.3 million, were lagging in the switch to electric.

Only Societe Generale unit ALD Automotive and BNP Paribas unit Arval had set medium-term targets for purchasing electric vehicles . ALD, for instance, aims to have plug-in hybrids and fully-electric vehicles make up 50% of its sales by 2026. The report said Arval and others, including Stellantis and Credit Agricole joint venture Leasys, plus Renault unit Mobilize Financial Services, lay claim to green credentials, such as switching to electric faster than the rest of the market.

"Our investigation clearly shows that all leasing companies... are making green leadership claims that are not backed up by evidence," the report says."In other words, leasing companies are greenwashing."

 

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