Arval has posted increased business results for 2024 showing a rise in its leased fleet and meteoric battery electric vehicle (BEV) take-up.

The leased fleet grew 5.6% worldwide across 2024

Published ahead of the firm’s annual financial statement on 7 March 2025, the business results show the leased fleet numbered 1,796,396 vehicles worldwide at the end of last year; organic growth of 5.6% compared to 2023.

This included 573,086 ‘electrified’ vehicles, up 31% compared to 2023, and 253,373 BEVs, rising 52%. In 2024, BEVs represented 22.6% of new vehicle orders. Within Europe, the increase in BEVs put on the road by Arval outperformed the market, with growth of 35% for the mobility giant in 2024, compared to a 2% fall in BEV registrations in Europe.

International large corporates accounted for 460,000 leased vehicles worldwide, an increase of 5%. Between 2021 and 2024, the Element-Arval Global Alliance tripled the number of its global clients using its services worldwide.

Corporate clients accounted for 736,000 vehicles, an increase of 6%, while the retail segment reached 554,000 vehicles, up 9% compared with 2023.

The number of connected vehicles passed the 800,000 mark, rising 29% on the previous year.

Used car leasing also continued to soar under the Arval Re-lease scheme, which hit 21,600 vehicles leased, up 30% compared to 2023.

The firm’s extended mobility solutions now have more than 410,000 users of extended mobility solutions, of which 60,000 Arval Mobility Pass users, and more than 9,000 bike users.

The vehicle leasing and mobility solutions specialist said the growth maintained the positive momentum built up over previous years despite an uncertain context.

Alain van Groenendael, chairman and chief executive officer of Arval, said: “In 2024, we confirmed the strength of our collective and partnership momentum by making major strategic advances.

Alain Van Groenendael, Arval chairman and CEO

“Together, thanks to the mobilisation of our employees, the support of BNP Paribas and the trust of our partners, we have been able to take new steps to better support our customers in their mobility and their energy transition.”

Other highlights from 2024 include “numerous” partnerships with several key players in the sector, including car manufacturers. At the end of the year, Arval had more than 80 white label partnerships with 15 automotive manufacturers.

Arval also continued to expand its partnerships with charge point operators. At the end of 2024, there were more than 700,000 charging points accessible to its customers in Europe.

Van Groenendael said the mobility firm was “ready to take on new challenges and continue to create sustainable value in a profoundly changing market” for 2025.

The main objective this year will be to “capitalise on the positive momentum of recent years, to serve its customers and thanks to its highly motivated and committed employees, despite a continuously changing market”.

The business will also continue the Arval Beyond strategic plan launched in 2020, with its ‘Arval 26 & Beyond’ , which aims to establish the company’s priority projects and confirm certain objectives or setting new ones to be achieved by the end of 2026.

Arval is also advancing its strategy of supporting its clients in fleet electrification and the use of low-carbon mobility solutions, drawing on strong partnerships in the field of mobility and technology.

Looking to the future, the leasing firm said it’s committed to sustainable mobility beyond its commercial scope, following the launch of the Arval Energy initiative in April 2024 to remove barriers to charging and support use of V1G, Vehicle-to-Grid (V2G) and Vehicle-to-Home (V2H) technologies.

Goals include 100% of new vehicle orders for employee use to be BEVs from 2025 and a target of 400,000 electric vehicles leased globally at the end of 2026.

Announcements so far this year include the EcoVadis Platinum medal for Arval’s CSR strategy and the launch of Arval STAR (Strategic Transformation through Actionable Recommendations), a methodology that succeeds Arval SMART and goes “beyond strategic consulting by offering tangible tools and processes” for the energy transition, sustainability and new mobility requirements.

Arval will publish its annual financial statement on 7 March 2025.