Zenith and Lex Autolease sign up to EV100 and aim to electrify their fleets
06 February 2020
Author: Illya Verpraet
Leasing companies Zenith and Lex Autolease have both signed up to the EV100 programme, which works to accelerate the switch to EVs.
Zenith plans to switch its own fleet to 100% electric by 2025, while Lex Autolease plans to achieve zero net emissions across its customer fleet of 350,000 vehicles.
Lex Autolease's parent company Lloyds Banking will also convert its own 4,000 vehicle strong commercial fleet to electric, with work already underway to install charging points in staff car parks.
EV100 is a global initiative by The Climate Group that brings together companies to accelerate the transition to electric vehicles, aiming to make electric transport the new normal by 2030.
Richard Jones, managing director of motor finance and leasing at Lloyds Banking Group, said: "Sustainability is core to the vision we have for our business. Last year we made strong progress towards helping our customers be more sustainable and signing up to EV100 is proof of our determination to continue over the long term.
"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. Through these commitments we are also helping to signal the UK as an attractive destination for electric vehicles in the global context."
Tim Buchan, chief executive of Zenith, said: "Joining EV100 is key to supporting and delivering on the ambitions of Zenith and the needs of our customers. We are taking a lead in the transition from fossil fuels to electric in the UK and helping corporate clients and consumers maximise their opportunities and support their transition to electric and alternative-fuelled vehicles."