Leasing and mobility brand ALD Automotive | LeasePlan has reached the landmark of having half a million EVs on the road.

ALD Automotive | LeasePlan (soon to be Ayvens) has reached the landmark of half a million EVs on the road

The milestone follows the closing of ALD’s acquisition of LeasePlan at the end of May and means the combined company, which is rolling out its new Ayvens branding, runs the world’s largest multi-brand EV fleet.

At the end of 2022, ALD Automotive and LeasePlan operated a combined fleet of 380,000 EVs and the new landmark figure comes less than nine months after – showcasing the company’s business model in facilitating the adoption of EVs, notably in corporate fleets.

Its total EV penetration, as revealed in its third quarter and nine months 2023 results, reached 34% in new passenger car registrations over the first nine months of 2023 – compared to 22% for the European market average – of which 37% were in Q3 2023 alone. ALD | LeasePlan’s battery electric vehicle (BEV) and plug-in hybrid (PHEV) penetration stood at 21% and 13% respectively in 9M 2023, well ahead of the market.

The business also recently announced new EV targets as part of its PowerUp 2026 three-year strategic plan. It aims to have EVs represent 50% of its new car registrations by 2026, of which 40% will be BEV and 10% will be PHEV, marking a strong 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 will in turn significantly reduce the CO2 emissions of Ayvens’ running fleet to less than 90g/km on average by 2026 vs. 112g in 2022, which is an impactful and immediate contribution to the company’s climate strategy and in line its net zero 2050 trajectory.

Tim Albertsen, group CEO of Ayvens, said: “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. 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.”

ALD | LeasePlan also said it supports its sustainable objectives through a broad range of solutions and services for clients and partners through greener powertrains or alternative mobility solutions. The business uses a five-step methodology across the 44 markets it operates in, supporting clients towards a successful EV transition.

The company also has a growing portfolio of used EVs, which it’s making available for lease at “attractive prices” across multiple leasing cycles. It aims to have 300,000 funded contracts by 2026 (vs. 180,000 in 2022) as part of its flexible, subscription and used car lease for EVs. These vehicles will then be sold via the ALD Carmarket global multi-channel remarketing platform.