UK Leasing

SMMT and BVRLA welcome extension of subsidy for electric vans

The Society of Motor Manufacturers & Traders (SMMT) and the British Vehicle Rental and Leasing Association (BVRLA) have welcomed the government’s decision to extend subsidies for electric vans for two years. Mike Hawes, Managing Director of SMMT, said: “The expansion of the Plug-in Van Grant is welcome as it will encourage more operators to switch […]

Fleet Financing

This van changes everything – The North State Journal

SONOMA, Calif. – The Ford Transit is one of those vehicles you see all the time but don’t really notice. Whether it’s a cable technician or locksmith, plumber, electrician, baker, flower delivery or Amazon, Transit is all over. They are almost all used for commercial purposes, making them prime candidates for electrification. For years, electric […]

UK Leasing

Business Car Files: Suzuki UK

Dated: February 02, 2022 | Author: Martyn Collins In 2021, alongside the new product, Suzuki UK’s fleet department saw its operations centralized with a new national fleet manager at the helm, in the form of Lee Giddings. Martyn Collins tells him about the manufacturer’s fleet plans moving forward. Lee Giddings has only been in his […]

UK Car Lending

It’s Groundhog Day Again | FinancialTimes

This article is an on-site version of our The Week Ahead newsletter. Sign up here to receive the newsletter straight to your inbox every Sunday Hello and welcome to the working week. Groundhog Day is approaching. I know. Have we ever escaped it since the pandemic hit? This week’s headlines certainly sound eerily familiar: British […]

Fleet Financing

Delhi government signs Memorandum of Understanding with CESL; offer a 5% interest subsidy on loans for the purchase of EVs

The Delhi government on Wednesday signed a Memorandum of Understanding (MoU) with Convergence Energy Services Limited (CESL) to provide a 5% interest subsidy on the purchase of electric vehicles on loans for the purchase of certain categories of electric vehicles (EV) in Delhi. The MoU was signed by Vinod Kumar Yadav, Deputy Commissioner, Department of […]

Fleet Financing

Merchants Fleet goes fast and furious on electrification

Even before the COVID pandemic deepened America’s penchant for online shopping, New York City delivery drivers were dropping off about 1.5 million packages on New Yorkers’ doorsteps every day. This daily avalanche of commerce has brought with it traffic jams and parking chaos bad enough that the New York City Council recently passed a bill […]

UK Leasing

Everything you need to know about electric car insurance – Forbes Advisor uk

Electric vehicle (EV) sales exploded in 2021, despite an overall decline in new vehicle registrations. According to the Society of Motor Manufacturers & Traders, nearly 750,000 new electric vehicles were registered last year, almost as many as the number of new gasoline and diesel vehicles. Electric vehicle rental company DriveElectric predicts that an additional 330,000 […]

Fleet Financing

Peter Morici: Correcting Biden’s Chinese Policy

China’s global ambitions pose an existential threat to Western democracy, prosperity, and security, but the Biden administration, concerned with national economic renewal and social justice, has failed to formulate a comprehensive policy. Cooperation on climate change may materialize, but the consequences for economic competition – fundamentally trade and investment relations – and the Chinese military […]

Fleet Financing

Hertz rebirth delivers $ 3 billion windfall to two daring backers

As travelers face soaring prices for car rental this holiday season amid growing demand and a shortage of new vehicles, two little-known investment groups are reaping huge benefits from the one of the most lucrative jobs in the hedge fund industry in 2021. Certares Management and Knighthead Capital Management sit on paper earnings of nearly […]

Fleet Financing

In memoriam: Ryan Popple, 1977 – 2021

Ryan Popple, current director and former CEO of Proterra, died on December 15, 2021, according to a statement on the company’s website. “We are deeply saddened by the passing of our colleague and dear friend Ryan Popple. Ryan embodied the entrepreneurial spirit and dedicated his life to creating a better future. His leadership at Proterra […]

Fleet Financing

Bolt Logistics Secures $ 115 Million Series B Funding to Power Digital Logistics Transformation | Your money

TORONTO – (BUSINESS WIRE) – November 8, 2021– Bolt Logistics (“Bolt”), a leading Canadian provider of technology logistics and last mile delivery, is proud to announce that it has raised CAD 115 million in funding, bringing the total funds raised by the business to date at over $ 150 million. . The investment was led […]

UK Credit

International opposition rises over U.S. electric vehicle tax credit

By David Shepardson WASHINGTON (Reuters) – The European Union, Germany, Canada, Japan, Mexico, France, South Korea, Italy and other countries have written to U.S. lawmakers claiming that a credit d The US tax for electric vehicles violated international trade rules, according to a joint letter released on Saturday. On Friday evening, a group of 25 […]

Fleet Financing

TIER wants to change mobility for good; raises $ 200 million in funding

TIER, the European leader in micro-mobility, today announced the first close of its $ 200 million (nearly £ 145 million) funding round to consolidate its position as the best-funded micro-mobility company in Europe. Investment round As part of the broader rise in equity and debt, this round of funding was led by existing investors SoftBank […]

UK Leasing

Sheffield council chief hopes giving staff an electric car will help tackle staff shortages

Councilor Cate McDonald, the co-op’s executive member for finance and resources, gave her take on the program at a leadership meeting this week before it was officially approved. She said: “This is a really important thing in terms of retaining staff and attracting staff because in many areas there are a lot of staff shortages. […]

UK Credit

Net zero strategy: Boris Johnson’s seven steps to “end the UK’s contribution to climate change”

Boris Johnson has set out its ‘Net Zero strategy’ – a plan which it says will enable the UK to end its contribution to climate change by 2050. The strategy, according to the government, “will also secure 440,000 well-paying jobs and unlock £ 90bn of investment by 2030″. But as ITV News deputy political editor […]

UK Leasing

New car registrations drop to lowest level since 1998, while sales of electric vehicles soar

New car registrations fell by more than a third in September compared to the same period last year, while the number of electric vehicles (EVs) sold in the UK reached record levels. According to the Society of Motor Manufacturers and Traders (SMMT), registrations fell 34.4% year-on-year, with just 215,312 new cars on UK roads. This […]

UK Leasing

Origin Energy (ASX: ORG) invests $ 70 million in a British start-up

Origin Energy (ASX: ORG) plans to invest an additional $ 70m (£ 38m) in UK energy regulator Octopus after Generation Investment Management (GIM) invested $ 397m (£ 211m) in the society. Deal with GIM values ​​Octopus at over $ 5.6 billion (£ 3 billion), roughly three times the value Octopus had given itself when Origin […]

Fleet Financing

IDEX), subsidiaries are expected to present solutions at the upcoming Sustainable Fleet Technologies conference

Ideanomics (NASDAQ: IDEX), a global company focused on commercial electric vehicle adoption and associated energy consumption, will participate in the month-long all-virtual Sustainable Fleet Technology (“SFT”) conference. The conference is designed to showcase the ‘latest and greatest’ in sustainable fleet technology, operations and implementation. The conference takes place twice a week – Tuesday and Thursday […]

Fleet Financing

electric vehicles: demand for EVs for commercial use is expected to increase by 15 times 6 months

The demand for electric vehicles for commercial use is expected to increase 15 times over the next six months, due to rising fuel prices, incentives put in place by central and state governments and the renewed focus of trading companies. electronics to electrify their last mile delivery fleets. , said a financier of such vehicles. […]

UK Car Lending

EVRE and Park + join forces to set up 10,000 EV, Auto News, ET Auto charging stations

According to a press release, while EVRE will conceptualize, design, manufacture, establish, operate and maintain the electric vehicle charging infrastructure, Park + will organize and manage the real estate aspect of the hub. New Delhi: Electric vehicle charging infrastructure player EVRE and Park +, a provider of smart parking solutions, announced on Tuesday their partnership […]

UK Leasing

The evolution of the automobile is an opportunity for dealers | Automotive world

Rebecca Duckworth explores how new technologies can enable the auto finance industry to create new business models and seize new revenue opportunities The decline in in-person business during the lockdown added an additional dimension of urgency to a shift in the auto market that had started long before the pandemic struck. COVID-19 has accelerated the […]

UK Leasing

Why two aircraft rental companies did not jump into the craze for electric planes | New

Some major aircraft rental companies are still not convinced of the viability of electric passenger aircraft and whether the developing air taxis and other first-generation electric types even fit into their rental business models. Those companies are Air Lease and AerCap, whose executives recently expressed reluctance to enter the electric aircraft segment, which has recently […]

Fleet Financing

WAVE, an Ideanomics Subsidiary, Wins Sourcewell Supplier Contract | State

NEW YORK, August 6, 2021 / PRNewswire / – WAVE (Wireless Advanced Vehicle Electrification), a subsidiary of Ideal (NASDAQ: IDEX) and a leading developer of high-power inductive charging solutions for medium and heavy-duty vehicles, has won a cooperative purchase contract in the Sourcewell Wireless Inductive Charging Solutions category. Sourcewell is an autonomous government organization with […]

UK Car Lending

Coleraine garage supports Charlotte’s clean air campaign

Charlotte Smith’s “EV Thank You” campaign was bolstered by Roadside with the loan of a fully electric Soul EV for a tour of Northern Ireland. Charlotte’s campaign began when she was just 11, putting handwritten notes under the wipers of electric vehicle drivers thanking them for choosing to drive a zero-emission vehicle. This summer Charlotte […]

Fleet Financing

Grab and Gojek commit to ‘zero carbon’ ahead of public announcement

SINGAPORE / JAKARTA – Southeast Asia’s largest ridesharing and delivery superapps, Grab and Gojek, have pledged their commitment to net zero carbon emissions, leading tech startups in the region to adopt ‘environmental, social and governance (ESG) objectives. From July 14, Grab in Singapore launched a new service that allows users to flag down a hybrid […]

Fleet Financing

Element Partners With Qmerit To Provide Electric Vehicle Charging Services To Customers

Element Fleet Management has entered into an agreement with Qmerit, a green energy company that provides electric vehicle charging services. Through its Charging @ Home solution, Qmerit will provide Element customers with the installation and support of electric vehicle chargers in single and multi-family homes. “At Element, we specialize in making the resort simpler for […]

Fleet Financing

SUNREF Ghana launches € 34 million green finance program to boost renewable energy

The sustainable use of natural resources and the financing of energy (SUNREF), a green finance label developed by the French Development Agency (AFD) and supported by the European Union (EU), has launched its program of energy financing for Ghana at the Alisa hotel in Accra. The Program is a unique and innovative financial offer, with […]

UK Leasing

50 GRIDSERVE motorway electric charging stations planned in the United Kingdom (350 kW chargers)

GRIDSERVE was uploaded to YouTube on July 1 and revealed plans to develop a massive £ 100million electric vehicle charging infrastructure project. The project, named GRIDSERVE Electric Highway, will have a network of more than 50 electrical hubs. The hubs will have 300 fast chargers at over 150 locations. Ten of these hubs are expected […]

Fleet Financing

Dallas Rideshare Alto Closes $ 45 Million Series B, Bringing Total Funding to $ 60 Million »Dallas Breaks New Ground

Dallas’ own rideshare service Alto has finalized a $ 45 million Series B funding round, the largest to date, to continue to propel national growth and transform the industry. The capital injection will finance a major pivot for the local startup: Going electric. Alto has been on a path of rapid expansion since its inception […]

Fleet Financing

These are the reasons Rivian may soon be the next big deal

The market is now bristling with auto startups taking advantage of a rapidly changing auto industry. The industry is changing with the development of electric vehicles and autonomous driving technology. Leading automotive startups include Tesla, Rivian, Lordstown, Altis, Canoo, and Lucid Motors. But all these startups will not succeed, some will certainly go bankrupt, will […]

UK Car Lending

Cutting oil consumption to meet climate goals is harder than cutting supply, Energy News, ET EnergyWorld

New Delhi: Governments around the world have been slow to make uncomfortable decisions to persuade consumers to reduce their energy use to help meet climate goals, often because consumers are unwilling to pay or compromise their way of life. Researchers, policymakers and energy officials said this week at a Reuters conference on the energy transition […]

Fleet Financing

Biparty Agreement on Infrastructure: What are the Benefits for the Trucking Industry?

Chances of passing a new bill on infrastructure spending have increased this week after President Joe Biden and a bipartisan group of US senators found common ground. But the journey to real nationwide investment in roads, bridges and other infrastructure is far from over. “Conversations are taking place because there is a real need for […]

UK Car Lending

Sage launches the sustainable development and social strategy ‘Knocking

ATLANTA, June 24, 2021 (GLOBE NEWSWIRE) – Today, Sage, the market leader in cloud business management solutions, launches its ambitious new strategy for sustainability and society, Break down barriers. Sage’s objective is to fight against societal and economic inequalities as well as to support a new generation of diversified and sustainable businesses. Sage will play […]

Fleet Financing

The successes of the week in terms of sustainable development

As part of our Mission Possible campaign, edie brings you this weekly roundup of five of the week’s best sustainability success stories from around the world. Published weekly, this series shows how businesses and sustainability professionals are working to achieve their “Mission Possible” through the campaign’s five key pillars: energy, resources, infrastructure, mobility and company […]

Fleet Financing

DSG Global, Inc. and Imperium Motor Corp. unveil several new electric vehicles at the Experience Center in Fairfield, Calif., today and tomorrow

Enter Wall Street with Street Insider Premium. Claim your 1-week free trial here. SURREY, British Columbia, June 18, 2021 (GLOBE NEWSWIRE) – via InvestorWire – DSG Global, Inc. (OTCQB: DSGT) (“DSGT” or the “Company”) today announces that on June 18 and 19, 2021, The company will unveil several new vehicles at the grand opening of […]

UK Leasing

Commercial vehicle rental and leasing market to hit the US dollar

Pune, India, June 09, 2021 (GLOBE NEWSWIRE) – The world commercial vehicle rental and leasing market is expected to benefit from the growing adoption of electric vehicles in rental companies due to insignificant profitability and high cost of ownership. In addition, strict emissions targets and low battery prices encourage people to use electric vehicles. In […]

Fleet Financing

Ford goes electric pro for F-150 lighting and more

Ford, which is already helping commercial customers “do it themselves” with the world’s most popular pickup trucks and vans, now plans to redefine those customers’ success with Ford Pro – a global vehicle service and distribution company which will increase uptime and lower costs of ownership. for increased productivity and performance. The new business – […]

Fleet Financing

Lordstown Motors announces first quarter 2021 financial position

LORDSTOWN, Ohio, May 24, 2021 (GLOBE NEWSWIRE) – Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), a leader in electric light trucks focused on the commercial fleet market, today released its first quarter 2021 financial results and provided a business outlook. Company highlights Reported a net loss of $ 125 million in the first quarter of […]

Fleet Financing

Fisker and Onto sign agreement to deliver up to 700 vehicles in 2023 to support the growth of next-generation electric mobility | Business

LOS ANGELES & LONDON – (BUSINESS WIRE) – May 18, 2021 – Fisker Inc. (NYSE: FSR) (Fisker) – passionate creator of the world’s most sustainable electric vehicles and advanced mobility solutions – today announced a partnership with Onto, the all-inclusive electric car subscription service based in the UK for home and business users. The agreement, […]

Fleet Financing

DSG Global and Imperium Motors will start delivering electric vehicles in June and will be finalists for a € 18.3m / US $ 22m bus contract

Receive instant alerts when news about your stocks is available. Claim your 1-week free trial for StreetInsider Premium here. SURREY, British Columbia, May 14, 2021 (GLOBE NEWSWIRE) – DSG Global, Inc. (OTCQB: DSGT) (“DSGT” or the “Company”) is pleased to announce the grand opening of the Experience Center in Fairfield, California. The tentatively scheduled grand […]

Fleet Financing

Lion Electric selected to participate in the Heritage-Romeo Power fleet electrification program

MONTREAL, May 14, 2021 / CNW / – The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion Electric”), a leading manufacturer of all-electric medium and heavy urban vehicles, today announced that it has been selected for participate in the Heritage-Romeo electric fleet electrification program. The Lion Electric Co. logo (CNW Group / Lion Electric) The […]

Fleet Financing

4MATIV and NuGen Go Announce Revolutionary Strategic Partnership to Ensure Transportation is Not a Barrier to High Quality Education | Business

ST. PAUL, Minnesota – (BUSINESS WIRE) – May 11, 2021 – 4MATIV Technologies (“4MATIV”), a leader in mobility solutions for educational transportation and a trusted partner of K12 public school districts, charter schools and independent schools across the United States, has announced a strategic partnership with NuGen Go, a leading investment company in electric transport […]

UK Car Lending

Fortress Transportation and Infrastructure Investors LLC to Attend Stifel 2021 Cross-Sector Virtual Conference

Bloomberg Chinese tech giants bet $ 19 billion on global electric car frenzy (Bloomberg) – China is shaping up to be the first real test of Big Tech’s ambitions in the automotive world, with giants from Huawei Technologies Co. to Baidu Inc. investing nearly $ 19 billion in companies from Widely Seen Electric and Autonomous […]

Fleet Financing

Enel X launches offer to power Australia’s electric bus revolution

Energy technology company Enel X is bringing its electric bus charging infrastructure and services to Australia, with the aim of riding the wave of electrification to come in the country’s public transport sector this decade. The NSW government announced last year that it wanted its entire 8,000-person bus fleet to be electric by 2030. Earlier […]

Fleet Financing

Preparing a financial future for electric trucks

For 25 years, Volvo Financial Services (VFS) the provider of financial solutions for Volvo Trucks customers. Today, in addition to more traditional offerings, VFS has developed financing and insurance solutions for Volvo VNR Electric customers. The Volvo VNR electric truck model is designed for fleet applications and driving cycles with local and regional distribution ranges […]

Fleet Financing

Rivian updates website with new information ahead of start of deliveries

With Rivian R1T truck deliveries starting in just over a month, the automaker has updated its Experience website which is supposed to answer many important questions that reservation holders and potential buyers alike might have. The website covers the purchasing process, billing, service and insurance. Below is a brief overview of the information listed on […]

UK Leasing

Arval Mobility Observatory 2021 fleet barometer: fleets are more confident than before the pandemic

The fleets are After confident in the future than before the pandemic. “They increasingly meet the mobility needs of all employees,” explains Yaël Bennathan (shown on top), Head of the Arval Mobility Observatory in an exclusive interview with Fleet Europe. And this is just one of the many remarkable discoveries of its Mobility and Fleet […]

UK Car Lending

This is what the Tesla campus in Croatia would look like: What’s in it for the UK?

The auto industry is on the verge of significant change as the transformation to electric is in full swing. Today, the electrification of the automobile is made possible by increasing support for charging infrastructure and improving battery technology. Many VCs and companies are investing in EVs and their R&D facilities, given the market potential in […]