Auto Finance News

Global companies in $65 billion commitment to zero-emission fleets by 2030

jones richard 400

Companies around the globe have committed to switch 2.5 million fleet vehicles to zero-emission models within a decade under an international agreement.

Among the latest companies making the EV100 commitment are some of the world’s leading leasing companies.

Lex Autolease, the UK’s biggest leasing company, which operates 350,000 vehicles on behalf of customers, and Zenith, which has a fleet of 140,000 vehicles, are the latest to sign.

They are also converting their own company vehicle fleets to zero emissions, adding tens of thousands more cars to the total.

Lex Autolease already operates the UK’s largest ultra-low emission fleet, with more than 21,000 vehicles; one in 16 EVs on the UK’s roads is a Lex Autolease vehicle.

Richard Jones (pictured), managing director of motor finance and leasing at Lloyds Banking Group, said: “Our business customers have an important role to play in meeting the government’s ambitious climate change targets and we’re uniquely placed to help them make the switch, providing insight and expertise for businesses with fleets of all sizes.”

Tim Buchan, chief executive officer of Zenith, said its internal fleet will have converted to electric vehicles within five years.

He added: “Zenith’s ambition is to become synonymous with electric vehicles. Zenith has restructured its own car policy to support all employees in gaining access and making the transition to an electric vehicle.”

In 2017, LeasePlan, one of the world’s biggest leasing companies, with around 1.9 million vehicles, became the first in the industry to sign the EV100 commitment.

The EV100 currently has 67 members in 80 markets, whose commitments extend to requiring their own suppliers to introduce sustainable fleets, for example by requiring taxi companies to only use zero emission vehicles when transporting their employees.

By 2030, EV100 signatories will save tailpipe emissions equivalent to 42 million metric tons of CO2.

The Climate Group, which runs the global EV100 initiative, recently published a progress report that reveals around 80,000 electric vehicles are already deployed by members along with 10,000 charging points.

Nearly half of members power them using electricity from renewable sources, such as wind and solar. A further 3,200 charging points are planned.

In addition to Lex Autolease and Zenith, companies from France, Denmark and the US have become the latest EV100 members.

Schneider Electric works on the digital transformation of energy management and automation and will convert its fleet of 14,000 vehicles in more than 50 countries.

Leonid Mukhamedov, executive committee member, chief strategy officer, Schneider Electric, said: “We believe electricity is the future of mobility and we want to demonstrate that a rapid scale-up of EVs is within reach in 10 years.”

San Francisco-based shared micromobility company Lime will update its 300-vehicle maintenance fleet to electric vehicles by 2030 and charge them with renewable electricity.

Engineering company Danfoss Group will electrify its entire fleet of 2,300 leased or owned company vehicles within 10 years and install charging points at all its factories.

Kim Fausing, president and chief executive officer of Danfoss Group, said: “We believe in electrification as part of our business strategy and successfully produce solutions for an electrified transport sector, both to sea and land. Now we also do our part by committing to electrify our own car fleet as the infrastructure becomes available.”

Overall, the fleet commitments of EV100 members are valued at more than $65 billion.

In addition to the Climate Group members, a range of other businesses are already signing orders for tens of thousands of EVs in a sign of rapidly changing attitudes among fleet customers.

Nissan and Uber have signed a deal for the Japanese manufacturer to provide the ride-hailing service with 2,000 UK-built electric Leaf models in the UK.

Parcel delivery giant UPS has also announced that it has completed a minority investment in UK-based electric vehicle manufacturer Arrival, which includes an order for 10,000 purpose-built electric vans.

Jaguar Land Rover UK announced recently it was working with Northumbria Healthcare NHS Foundation Trust to provide a fleet of 700 Jaguar I-Pace electric vehicles for public sector staff across the country.

The UK government has announced it aims to ban the sale of new petrol and diesel cars, including hybrids, by 2035 under a revised strategy to tackle climate change that implements green policies five years earlier than originally planned.

Governments around the globe have announced plans to ban the sale of petrol and diesel-only vehicles within 20 years, while many local authorities are already taking action to restrict urban access to all vehicles unless they are low-emission models.

EV100 2019 member update

Company  Headquarters Year joined EV commitment (vehicles) % converted
AEON Mall Japan 2017    
Aéroports de Montréal  Canada  2019 


Air New Zealand  New Zealand  2018  139  44% 
Airport Authority Hong Kong (AAHK)  Hong Kong  2019  3,340  22% 
APCOA Parking (UK) Ltd United Kingdom  2019  267  0% 
ASKUL Japan  2017  287  4% 
AstraZeneca  United Kingdom   2019  16,338  3% 
Austrian Post Austria  2019  8,493  13% 
Baidu China  2017  46  100% 
Bank of America USA  2018     
Bounce India  2019  22,000 9% 
BSES Rajdhani Power India  2019  176 5% 
BSES Yamuna Powe India  2018  18 44% 
BT Group UK  2018  29,345 1% 
Centrica UK  2019  12,673 4% 
Christchurch Airport New Zealand  2018  420 55% 
Clif Bar & Company USA  2018  42 0% 
CLP Group Hong Kong  2019  931 10% 
Danfoss Denmark  2019  2,229  3% 
Delta Electronics Taiwan  2018  145  20% 
Deutsche Post DHL  Germany  2017  85,573  26% 
E.ON Germany  2019     
EDF Group France  2017  40,047  9%
EDP – Energias De Portugal  Portugal  2019  3,403 6% 
Genentech  USA  2019  1,368 9% 
Genesis Energy  New Zealand  2018  132 33% 
Heathrow Airport  UK  2017  316 30% 
HP Inc.   USA  2018  n/a n/a 
Iberdrola  Spain  2019  3,059 4% 
Ingka Group Netherlands  2017  12,537 7% 
Intu  UK  2019  27 11% 
John Sisk & Son  Ireland  2019  484 1% 
Landsec UK  2019    
LeasePlan* Netherlands  2017  2,507 16%
Mawdsleys UK  2019  75 3% 
Mercury New Zealand   2017  117 72% 
Meridian Energy New Zealand  2019  112 36% 
METRO AG Germany  2017     
Mitie UK  2019  5,366 5%
Nippon Telegraph and Telephone Corporation (NTT) Japan  2018  10,856 0% 
Novo Nordisk Denmark  2019  8,000 1% 
Ontario Power Generation Canada  2019  552 7% 
Ørsted Denmark  2019  331 21% 
Pacific Gas & Electric Company USA  2017     
Port Authority of New York & New Jersey USA 2018  1,413 20%
Post CH Ltd (Swiss Post) Switzerland  2019  10,736  55% 
RBS UK  2018  268  1% 
Royal HaskoningDHV Netherlands  2017  603  42% 
Schenker AG Germany  2019  244  5% 
Shuttl India  2019  1,164  1% 
Signify Netherlands  2018  2,462  2% 
SSE plc’ UK  2019  3,912  4% 
State Bank of India India  2018  1,791  0% 
Takashimaya Company Japan  2019  435  0% 
Taxelco Canada  2019  1,500  0% 
Toyko Electric Power Company Holdings (TEPCO) Japan  2019  4,400  10% 
Unilever UK  2017  11771  3% 
Vattenfall Sweden  2017  4,451  15% 
VMVVare USA  2019  0% 
Wipro Limited India  2018  2,000  2% 

* figures don’t include 1.9 million customer fleet commitment

Source: EV100