Arval, a key player in long-term vehicle leasing and mobility solutions, maintained strong growth in 2024 despite economic challenges.
The company expanded its global fleet by 5.6%, reaching 1,796,396 vehicles. Notably, electrified vehicles surged by 31%, totaling 573,086 units, according to an official statement.
Battery electric vehicles (BEVs) recorded even stronger growth, up 52%, with 253,373 units in operation. These vehicles accounted for 22.6% of all new orders in 2024, underscoring the shift toward sustainable mobility.
Portugal Leads Growth with 11% Fleet Expansion
Arval Portugal performed exceptionally well, expanding its fleet by 11% and surpassing 20,000 leased vehicles.
José Pedro Pinto, Managing Director of Arval Portugal, celebrated the company’s 25 years in the country and announced new partnerships with manufacturers and distributors to accelerate the energy transition. Electrified vehicles accounted for 42% of all new orders, reflecting growing customer demand for sustainable options.
Arval’s Global Expansion and Electrification Strategy
On a global scale, corporate leasing accounts for 736,000 vehicles, while the retail sector saw a 9% increase, reaching 554,000 vehicles. Additionally, 460,000 vehicles are leased by large international firms, representing a 5% rise.
Beyond traditional leasing, Arval has expanded its mobility services, now serving over 410,000 users, including 60,000 with the Arval Mobility Pass and 9,000 opting for bicycles. Meanwhile, connected vehicles surpassed 800,000, marking a 29% increase.
Alain van Groenendael, Arval’s President and CEO, emphasized the importance of partnerships and employee engagement in driving mobility and energy transition initiatives. He expressed confidence in sustained growth through 2025, anticipating further progress in the sector.
Strategic Plans: BEVs and Circular Mobility
Arval’s Re-lease program, which focuses on used vehicle leasing, recorded 21,600 leased units, a 30% increase compared to 2023. The company, which operates in 29 countries with 8,527 employees, continues to drive its Arval Beyond strategy—aimed at accelerating the shift to sustainable mobility while adapting to evolving regulations.
Since 2020, Arval has provided over 7,800 hours of consulting to help clients navigate the energy transition, offering access to more than 700,000 charging points. The company outpaced the European BEV market in 2024, achieving a 35% growth rate, while the broader market saw a 2% decline.
Looking ahead, Arval aims for 100% of its new employee vehicle orders to be BEVs by 2025 and targets 400,000 leased BEVs worldwide by 2026.
