The European Bank for Reconstruction and Development (EBRD) is taking a major step towards sustainable mobility in Türkiye by providing a €50 million loan to TEB Arval, a leading full-service fleet leasing and mobility solutions company. This funding will be used to finance the acquisition of over 1,200 electric vehicles, marking a significant move towards reducing carbon emissions in the country’s transport sector.
Driving the Transition to Electric Vehicles
The loan will support the purchase of both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), helping TEB Arval accelerate the adoption of low-carbon mobility solutions. As urbanisation in Türkiye continues to rise, the need for sustainable transport has become increasingly critical in combating climate change. Historically, the country’s transport sector has been a significant contributor to air pollution and greenhouse gas emissions, making this initiative an essential step toward environmental responsibility.
A Commitment to Sustainability
TEB Arval aims to be a leader in Türkiye’s transition to green mobility, with plans to increase the share of electric vehicles in its fleet by 2027. By investing in sustainable transport solutions, the company is not only reducing its environmental footprint but also encouraging the broader adoption of electric vehicles across the industry.
Mehmet Erdem Yasar, Deputy Head of Türkiye at the EBRD, emphasized the importance of this initiative, stating: “The EBRD is proud to support TEB Arval on its journey towards a more sustainable future. By integrating electric vehicles into its fleet, the company is not only reducing its carbon footprint but also setting an example for the entire sector. This investment reflects our commitment to accelerating the transition to greener mobility solutions, fostering innovation, and promoting environmental responsibility.”
Strengthening Green Mobility Solutions
TEB Arval’s General Manager, Kağan Yaşa, highlighted the company’s dedication to sustainability: “At TEB Arval, we are committed to transforming the full-service leasing sector with sustainable mobility solutions. Our extensive range of electric vehicle leasing options, supported by consultancy services, charging solutions, back-up vehicles, and driver training, helps reduce carbon emissions while offering innovative and eco-friendly mobility solutions. This collaboration with the EBRD marks a crucial step toward promoting low-carbon transport across the country.”
EBRD’s Ongoing Investment in Türkiye
As one of Türkiye’s key investors, the EBRD has committed over €22 billion across 476 projects and trade finance limits since 2009, with a strong focus on private sector development. By supporting initiatives like TEB Arval’s electric fleet expansion, the bank continues to play a vital role in advancing sustainability and innovation within Türkiye’s transport sector.
This partnership between the EBRD and TEB Arval reinforces a shared vision for a greener future, setting a strong precedent for the adoption of electric vehicles in Türkiye’s mobility landscape.
