EIB Backs Drivalia Fleet Electrification with €48 Million Loan

The project targets a yearly reduction of 3,000 tonnes of carbon dioxide by replacing petrol and diesel models with zero-emission alternatives. For Drivalia, a subsidiary of the Crédit Agricole Auto Bank Group, this infusion of capital bolsters a broader strategy to increase the share of electric and plug-in hybrid vehicles within its 216,000-strong European fleet.

EIB Vice-President Gelsomina Vigliotti and Drivalia CEO Roberto Sportiello finalized the terms in Rome, emphasizing the role of sustainable financing in Europe’s energy transition. The deployment focuses on two distinct markets, addressing the varying pace of electric vehicle adoption while providing businesses with scalable, low-emission mobility services. By integrating these vehicles into a lifecycle model that cycles assets through rentals and subscriptions, Drivalia intends to maintain long-term asset value while lowering the environmental footprint of its commercial partners.