A leading finance company has plugged into the rising demand for environmentally friendly vehicles and assets by starting a specialist electric division.
The Electric Broker has been launched by Ethos Asset Finance – one of the best-known names in securing funding for those operating in the chauffeur and private hire industries – that will work solely in the green vehicle funding market.
The move comes soon after the Government announced it was seeking to ban the manufacture of new petrol and diesel cars from 2035.
In January, the Ethos team staged an electric and hybrid vehicle showcase event for businesses in the North of England, which was attended by more than 200 interested parties. Guests were given an opportunity to test drive a range of green vehicles from manufacturers including Tesla, Audi, Kia, Mercedes, Jaguar and BMW.
Chris Brown, a former banker who set up Ethos Asset Finance in 2007, said: “In the last four months, Ethos has staged two events showcasing electric and hybrid cars and vans, which were both incredibly well attended.
“On the back of the success of these events, and an ongoing rise in calls from clients across the country looking at purchasing electric vehicles, we have launched this specialist division.
“The Electric Broker is essentially ‘powered’ by Ethos Asset Finance, which has more than two decades of experience in the vehicle finance sector. It is also recognised as one of the most respected and trusted names in the asset finance industry.
“Last October alone electric or hybrid car sales accounted for ten per cent of UK car sales – a rise of four per cent on the previous year. And this figure will continue to grow.”
Chris added: “With the Government backing the switch to green vehicles, now is the perfect time for businesses to look seriously at changing their vehicles to a greener solution, and we are the experts who can help facilitate this.
“We are thrilled by the launch of The Electric Broker, which marks a new and exciting chapter in our history.
“Whilst Ethos Asset Finance operates in a host of different arenas, we felt the time was right to launch a specialist division to concentrate solely on the financing of electric vehicles for customers who are interested in going green.”