26 Mar 24

Alphabet 2023 year results reveal soaring e-mobility demand from fleets

Rocketing customer demand for ultra-low and zero emission vehicles helped to boost Alphabet’s fleet to 720,000 vehicles in 2023.

The international leasing giant today reported that fully or partially electric vehicles represented 38% of its 203,000 new deliveries last year, up from 31% in 2022, and now account for almost one third of its total fleet.

The 2023 figures include a 78% year-on-year increase in the number of battery electric vehicles (BEVs) supplied, with Alphabet's total BEV portfolio now approaching 100,000 vehicles.

“Our customers are increasingly requesting fully electric vehicles – and every fifth vehicle in new business last year was a BEV,” says Markus Deusing, Chief Executive Officer of Alphabet International (pictured below).

He added that fleet decarbonisation has now become a core part of companies’ Environmental, Social, and Governance (ESG) goals.

To facilitate a seamless transition to sustainable electric mobility, Alphabet has developed home and workplace EV charging solutions for its customers, as well as a series of tools that include Alphabet Fleet Emission Consulting and Alphabet Carbon Manager.

“With those two initiatives, we are equipped to offer unique support in consulting, managing, reporting, and finally reducing fleet emissions, assisting our customers on their journey to net zero,” said Deusing.

“We expect significant growth in new business in general and in electric vehicles in particular this year and will consistently support our customers on their way to future-proof fleets.”

The Road to Real Sustainability is the theme of this year’s Global Fleet Summit, 13-15 May, in Cascais, Portugal. For more details click here.


Image: Shutterstock_2439860841 and Alphabet

Authored by: Jonathan Manning