New milestone Ayvens reaches half-a-million Electric Vehicles on the road

As disclosed in its third quarter and nine months 2023 results, Ayvens EV penetration reached 34%^[2] in new passenger car registrations over 9M 2023, of which 37% in Q3 2023 alone. This outstanding performance compares very favourably to the European market which stood at 22%^[3] in 9M 2023. Ayvens’ BEV^[4] and PHEV^[5] penetration stood at 21% and 13% respectively in 9M 2023, well ahead of the market.

At the end of 2022, ALD Automotive and LeasePlan operated a combined fleet of 380,000 EVs and, in less than 9 months, Ayvens reached this landmark figure, with Battery Electric Vehicles (BEVs) representing a clear majority of the overall EV fleet. This significant increase illustrates the effectiveness of Ayvens’ business model in facilitating the adoption of EVs, notably in corporate fleets, and confirms its leading role in the transition to sustainable mobility.

To further accelerate the energy transition, Ayvens recently announced new EV targets as part of PowerUP 2026, its 3-year strategic plan. It aims to have EVs represent 50% of its new car registrations by 2026, i.e. 40% will be BEV and 10% will be PHEV, representing 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 increasing share of EVs, driven by BEV, will significantly reduce the CO2 emissions of Ayvens running fleet to less than 90g/km^[6] on average by 2026 vs. 112g in 2022, which is an impactful and immediate contribution to the company's climate strategy and in line with its Net Zero 2050 trajectory.

"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" confirms Tim Albertsen, Group CEO of Ayvens. "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.

Ayvens’ unique and diversified business model fully supports its sustainable objectives notably through a broad range of solutions and services for clients and partners through greener powertrains or alternative mobility solutions, positioning the company as a key stakeholder in the EV ecosystem.

Ayvens has a strong EV program in place to support its clients throughout their electrification journey, from defining their strategy to controlling their actual costs and carbon footprint. Powered by a 3.4 million vehicles data set and tools co-developed with its strategic clients, dedicated consultancy teams play an important role in providing advice and expertise to help clients optimise their car policy for both passenger cars and LCVs, total cost of ownership and CO2 footprint while achieving sustainability objectives. This includes a 5-step methodology approved by hundreds of clients in 44 countries:

• 1.
  1.
  Diagnose: conducting benchmarking against peers and share best practices, exploring client’s country and employee readiness with an annual Mobility Guide and creating a CO2 & TCO baseline to then define, with the client, its targets.
• 2.
  2.
  Model TCO & CO2 scenarios: projecting the CO2 outputs and total cost of ownership (TCO) of the selected vehicles thanks to TCO calculator and Net Zero Programme.
• 3.
  3.
  Select the best mobility solutions: optimising clients’ energy costs, vehicles & OEM selection, examining the possibilities for multimodal mobility, selecting the best charging solutions tailored to clients’ usage for both commercial and passenger fleets.
• 4.
  4.
  Engage stakeholders & employees: strengthening clients’ business case and providing training materials to support change management. 5.** Implement, monitor & optimise:** updating clients’ mobility policy, managing mobility and charging solutions implementation, setting together reporting capability to track TCO & CO2 evolution and enabling to measure employee satisfaction.

With the increasing proportion of new EVs in Ayvens’ fleet, this ultimately represents a growing portfolio of well-maintained used EVs which can be made available for lease at attractive prices across multiple leasing cycles, given the extended life expectancy of EVs, and channels. Ayvens aims to have 300,000 funded contracts by 2026 (vs. 180,000 in 2022) as part of its flexible, subscription and used car lease offering to further diversify its service offering and improve access to EVs. These vehicles will ultimately be made available for sale through Ayvens’ global multi-channel remarketing platforms, ALD Carmarket, which represents more than 600,000 vehicles sold each year to a large range of buyers across 40 countries.

With 430 distribution partnershipsworldwide, Ayvens is an industry pioneer in the indirect distribution of full-service leasing services. The company has built up a broad network of partnerships over the past 10 years, notably with OEMs. New entrants and traditional OEMs in the European market partner with Ayvens to accelerate their footprint in the growing electric vehicle market, notably through fully digital solutions, and diversify their distribution model for EVs by offering white-labelled full-leasing services to large corporates, SME’s and consumers. These partnerships contribute to Ayvens’ sustainable growth strategy as a key stakeholder in the energy transition, as well as fully supports the company’s commitment to providing innovative and flexible mobility solutions.

Starting from a solid foundation, building on the decades-long legacies of two automotive leasing leaders, Ayvens’ ambition is to become the global leader in sustainable mobility. This historic milestone is proof of the company’s commitment to shaping the future of mobility and leveraging its power of leadership to lead the way to net zero. Read the Press Release

[1] Battery Electric Vehicles (BEVs), Plug in Hybrids (PHEVs), Fuel Cell (FCEV) [2] Management information, in EU+: European Union, UK, Norway, Switzerland [3] Source: ACEA [4] Battery Electric Vehicles (BEVs) [5] Plug-in Hybrids (PHEVs) [6] WLTP (The Worldwide harmonized Light vehicles Test Procedure)