Electric and PHEV Vehicles Gain Ground as Alphabet Reports 2017 Growth
26th February 2018
Leasing specialist Alphabet International says its operational lease portfolio grew by 5.5%, to 680,000 cars and light commercial vehicles in 2017.
Alphabet also continued to steadily increase its order volume, which grew by 4% to more than 240,000. Furthermore, its customer base grew by 10% to over 86,000 in the same timeframe. This exemplifies “a high customer satisfaction level” for the fleet management and Business Mobility solutions provider.
Electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) also gained a lot of ground, growing by 51% in total at Alphabet compared to the previous year. The overall EV/PHEV market increased by 36% during the same period. In 2017, Alphabet introduced 11,000 EVs and PHEVs, which equals 5.2% market share of all EV/PHEV registrations in the 12 relevant countries – that makes Alphabet the market leader in this sector. This growth reflects the general trend in recent years towards alternatively fuelled cars and LCVs. For companies interested in pursuing sustainable mobility forms, Alphabet’s cutting-edge portfolio includes a range of tailor-made eMobility options within AlphaElectric.
“Companies today face more and more changes and challenges when it comes to travelling from A to B. As our clients’ long-term Business Mobility partner, we look forward to navigating familiar and new territory with them, so they always come out ahead”, says Norbert van den Eijnden, CEO of Alphabet.
Moreover, local subsidiaries in Spain and Belgium each broke the 50,000th vehicle mark in their respective portfolios. This solidifies the leasing company’s strong position in these markets where Alphabet is widely known as an industry innovator.