Faced with the acceleration of climate challenges and the rapid transformation of the automotive market, Crédit Agricole Personal Finance & Mobility, in its new 2028 strategic plan, strengthens its commitment to electric vehicles and announces that it will finance, by 2028, a share of electric vehicles that is 10 points higher than the European market average. A long-term trajectory built in dialog with the NGOs Transport & Environment and Reclaim Finance, and designed to combine environmental ambition and economic realism.
The commitment to electric mobility extends beyond the scope of operations of Personal Finance & Mobility: it is driven by the Crédit Agricole Group as a whole and is part of its ACT 2028 strategic plan.
The bank aims to reach a proportion of new electric vehicles financed (depreciable credit, lease with purchase option, long-term lease, etc.) ten points higher than the European market. Contrary to the commitments made in the previous strategic plan announced in 2022, the Crédit Agricole Group is committed to 100% electricity and not to an electricity and hybrid mix.
The 2022-2025 target, which included hybrid vehicles, sparked discussions with the NGO Transport & Environment (T&E). The latter had called on the group to focus its ambition on the 100% electric vehicle. A new commitment was made in 2024: to reach 33% of new electric vehicles financed by 2025.
The dialog continued with Transport & Environment and Reclaim France, in depth to define the new commitment of the 2028 strategic plan. “We proposed to Transport & Environment and Reclaim France to open up all our data on the twenty European countries where we finance cars, so that they can tell us, given the manufacturers’ declarations, or the evolution of the market, what objective we could achieve,” summarizes Denis Marquet, CSR Director of Personal Finance & Mobility.
The automotive market is very volatile and bearish. To take this reality into account while maintaining a high level of demand, Crédit Agricole Personal Finance & Mobility has adopted an unprecedented approach: committing to be 10 points above the market when it comes to financing new electric vehicles.
This method allows the banking group to position itself as a driving force in the transition to electricity, while maintaining a trajectory that is adaptable to market developments. It also facilitates the monitoring of engagement in a sector where economic balances can change rapidly.
This progressive and transparent approach was shared with NGOs throughout its construction and was recognized as a credible and structuring commitment.
Reducing the carbon footprint of car financing by 2030
Crédit Agricole Personal Finance & Mobility has also set a long-term climate target: halving the carbon footprint of its automotive finance portfolio (new and used) by 2030.
Starting from an average of 185g of CO² per vehicle, the group aims for a level of 92.5g. An intermediate stage has already been reached in 2025, with an average reduced to 133g.
To achieve these objectives, Personal Finance & Mobility is deploying a global action plan, structured around a comprehensive range of financing solutions and services dedicated to low-carbon mobility. The group offers all the financing methods for electric vehicles: credit, rental with purchase option, long-term rental, as well as a catalog of associated services, including the installation of home charging stations.
This system is also based on strategic industrial partnerships with several major manufacturers of the electric vehicle market in Europe and internationally, as well as on incentive commercial policies aimed at making electricity more accessible. At the same time, Personal Finance & Mobility is working to raise awareness and support customers and distributors, highlighting the more advantageous total cost of ownership of the electric vehicle and its key role in decarbonization and energy sovereignty.
Through this integrated approach, the group aims to facilitate the transition to electric power and to establish itself as a reference player in responsible mobility in Europe