Vehicle finance brand sets sustainable vehicle initiative

David Nield, managing director of V12VF

Solihull vehicle finance brand has pledged to introduce electric and hybrid vehicles. 

V12 Vehicle Finance (V12VF), powered by Secure Trust Bank will convert its fleet of 21 vehicles by June 2024, ahead of the Governments target of only allowing the sale of zero-emission cars from 2030. 

So far the initiative has made 95% of its fleet sustainable as 30% of staff have electric vehicles and 65% with a plug-in hybrid.

In the next six months, the company says it will reduce its emissions by 70-80%, with a maximum cap set of 120g CO2/km for field-based employees that do not presently have the infrastructure to install a charging point at home. 

V12VF say if the average employee travels 3,000 miles a month in an electric vehicle, they’ll be saving around £250 monthly in fuel costs and reducing CO2 emissions by 0.5 tonnes.

David Nield, managing director of V12VF, said: “As a company, we want to make sure we’re doing right by our customers, dealers and employees. Reducing our carbon footprint and emissions is a core part of that mission.

“We’re encouraging all of our employees to move from fuel to either hybrid or fully electric cars. We want to lead by example by reducing our emissions, creating cost-saving opportunities for our employees and offering attractive incentives through the latest models.

Its field and head office-based employees will be able to choose from a wide range of makes and models including BMW 330e, Mercedes-Benz C-Class and Tesla Model 3.