European fleet giant ALD | LeasePlan announces plans to buy 15,000 electric and plug-in hybrid cars over the next three years. The total budget of over half a billion euros is coming in equal parts through ALD and the Europan Investment Bank (EIB).
The investment breaks down into a €300m credit granted by EIB, on favourable financial conditions, so the partners, and an equivalent €300m investment made by ALD | LeasePlan throughout 2026. ALD says it was “to further develop its range of electric vehicles across the EU, in the countries covered by both companies”.
The news follows the merger of ALD Automotive and Leaseplan, completed in May, into a mobility powerhouse – the combined business has a presence in 44 countries and a total fleet of 3.3 million vehicles managed worldwide. At the time, ALD also claimed it was running the world’s largest EV fleet without disclosing exact data on the low-emission share.
Today’s announcement is more detailed. The 600 million euros will be spent on 7,500 all-electric cars and the same number of plug-in hybrid vehicles. The partners have yet to name the manufacturers that may benefit from their spending. However, breaking it down, the budget leaves an average of 40,000 euros per car, pointing to models like the Tesla Model 3 or Golf PHEV – fleet classics but not in the executive class.
The budget on ALD’s side also seems to coincide with 440 million euros in synergies the company expected to gain through operational optimization and increased efficiency following the merger.
“The recent acquisition of LeasePlan by ALD positioned our company as the leading global sustainable mobility player with a total fleet of 3.3 million vehicles managed worldwide,” said ALD I LeasePlan Chief Financial Officer Gilles Momper. “We intend to keep leveraging our unique position on the European market to lead the energy transition and provide our customers with the mobility solutions they need to succeed.”
Keyword: ALD | LeasePlan targets buying 15,000 plug-in cars