Fleet funding - Page 7

EDF is now offering its SME business customers an electric vehicle salary sacrifice scheme through EV leasing company DriveElectric.

Financial incentives for battery electric vehicles aimed at fleets should be scrapped in favour of support for the used market , says MD of Motonovo Finance.

Ian Goodwin, tax partner at Mazars, offers advice to employers after a court ruled that HMRC wrongly refused tax relief on car allowances.

Some 49% of the company cars delivered in the first quarter of 2023 were battery electric vehicles, according to the latest data from the BVRLA.

Reduced discounts, rising lease costs and long lead times are forcing some fleets to restrict the vehicles available on company car choice lists.

HSBC UK has provided Pace Van Hire with a £3.5million asset finance facility to help grow its rental fleet.

Just 10% of employees value company cars as a benefit, according to a survey conducted by Wade Macdonald.

One third of drivers have skipped an essential service on their car due to the cost-of-living crisis, new research from Volkswagen Financial Services (VWFS) reveals.

Leasys has completed the acquisition of ALD Automotive and LeasePlan’s activities in Portugal and Luxembourg, respectively.

Price pressure on used electric vehicles (EVs) for leasing companies could be avoided by introducing a subscription service for returning stock.

Leasing broker Gateway2Lease has fully integrated Ebbon Automotive’s e-procurement platform, Leaselink, with its back-office system

The results come after ALD’s £4.1 billion acquisition of LeasePlan was completed by a consortium led by TDR Capital in May.

Following approval from the European Commission, Drivalia has completed the acquisition of ALD Automotive in Ireland.

A year on from Scottish Power launching a salary sacrifice scheme with Tusker, 230 employees have chosen an electric car.

Mobilize Financial Services, owned by Renault, has acquired 36.6% of Select Car Leasing and launched a new vehicle leasing brand – Select Lease by Mobilize.

The latest electric fleet news, including DriveElectric launches an EV salary sacrifice scheme.

A salary sacrifice scheme for second-hand electric vehicles (EVs) has been launched by Octopus Electric Vehicles.

Zenith has increased turnover and profitability, and has grown its funded fleet by 8% with another record-breaking performance.

Electrified vehicles were more popular than diesel and petrol vehicles combined in the business contract hire market in the first six months of 2023.

ALD Automotive LeasePlan has revealed its senior management team to lead the leasing powerhouse in the UK.

Thom Groot, CEO of The Electric Car Scheme, discusses what’s driving the increasing popularity of company cars.

The modern fleet decision-maker has an expanding range of responsibilities, as advances in technology and an ever-widening range of products and services add complexity.

Tusker has enjoyed a record-breaking start to the year, with 240 new accounts signed up between January and June.

A new salary sacrifice electric vehicle (EV) scheme has been launched by Allianz Holdings for its UK employees.

Novuna Vehicle Solutions has said fleets’ ambitions to transition to zero emissions vehicles has helped drive profits at its Mitsubishi HC Capital UK parent company.

Octopus Electric Vehicles has raised £150 million from Pollen Street Capital to help expand its salary sacrifice offer.

Businesses are planning to cut eligibility to company car schemes from some roles over the next 12 months, new research suggests.

More than a third of companies (36%) have introduced salary sacrifice, according to the latest Fleet200 Strategy Network (FSN) survey.

More than three-quarters (78%) of fleet decision-makers have reported an increase in the amount of business miles being driven, new research suggests.

The latest electric fleet news, including how salary sacrifice can mitigate 40% tax trap and Allstar increases EV charging network.

The move follows the banking giant's acquisition of Tusker in February for £300 million.

Stirling Ackroyd has changed the way it is financing its 120-strong company car fleet to avoid early termination charges.

JCT600 Vehicle Leasing Solutions (VLS) has secured a major salary sacrifice deal with Relx, a global information and analytics company.

Electric car salary sacrifice provider, Loveelectric.cars, has launched Re-loveelectric, a used electric vehicle (EV) salary sacrifice scheme.

The acquisition of Tusker by Lloyds Banking Group is a 'win-win' for the salary sacrifice specialist’s customers, says the firm’s CEO.

Employees have rated a salary sacrifice scheme that offers electric cars as the most valuable flexible benefit, new research suggests.

UK Carline has announced it has acquired Vertu Lease Cars for an undisclosed sum.

The UK’s leasing fleet has surpassed pre-pandemic volumes thanks to an uplift in demand for EVs, according to the BVRLA.

ScottishPower and Fleet Alliance have unveiled an end-to-end electric vehicle (EV) solution for businesses.

Volvo has signed direct sales agreements with 23 of the FN50’s top 25 leasing companies and is now working on a solution for brokers ahead of a full switch to the direct model inJune.