The European Bank for Reconstruction and Development (EBRD) has extended a substantial loan to TEB Arval, a leading fleet leasing and mobility solutions provider in Türkiye. This financial support aims to facilitate the acquisition of over 1,200 electric vehicles, contributing significantly to the reduction of carbon emissions and enhancing sustainability within the transport sector. The initiative underscores the commitment of both institutions towards promoting greener mobility options in a country experiencing rapid urbanization and environmental challenges.

Urban expansion in Türkiye has highlighted the necessity for sustainable transportation methods to combat climate change. Historically, the nation's transport industry has been a major contributor to environmental issues, affecting air quality and increasing greenhouse gas emissions. In response, TEB Arval has taken proactive steps to become a pioneer in the transition to low-carbon mobility. By 2027, the company aims to significantly boost the proportion of electric vehicles in its fleet. This strategic move is supported by the EBRD’s €50 million loan, which will finance the purchase of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs).

Mehmet Erdem Yasar, Deputy Head of Türkiye at the EBRD, expressed pride in supporting TEB Arval’s journey toward a more sustainable future. He emphasized that integrating electric vehicles into the fleet not only reduces the company's carbon footprint but also sets an industry precedent. This investment highlights the EBRD’s dedication to accelerating the shift to greener mobility solutions, fostering innovation, and promoting environmental responsibility across the sector.

Kağan Yaşa, General Manager of TEB Arval, highlighted the company's commitment to shaping the full-service leasing sector with sustainable mobility solutions. TEB Arval offers a comprehensive range of electric vehicle leasing options, complemented by consultancy services, charging solutions, backup vehicles, and driver training. These initiatives not only reduce carbon emissions but also align with the company’s goal of providing innovative and sustainable solutions to customers. The collaboration with the EBRD marks a significant milestone in promoting low-carbon transport nationwide.

The EBRD remains one of Türkiye’s key investors, having committed over €22 billion through various projects since 2009. This substantial investment, primarily focused on the private sector, underscores the bank’s ongoing commitment to fostering economic development and environmental sustainability in the region.