Lloyds Banking Group acquires EV leasing company Tusker in £300m deal

Cecilia Keating
clock • 3 min read
Evening commuters in Glasgow | Credit: iStock
Image:

Evening commuters in Glasgow | Credit: iStock

Bank beefs up vehicle leasing interests with major new clean tech investment

Lloyds Banking Group has acquired electric vehicle (EV) leasing company Tusker for £300m in a move designed to support its strategy to achieve net zero emissions by 2050. The acquisition, announced...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

We need the transition to a low-carbon economy to reverse historic injustices

Why the Women in Green Business Awards is more important than ever

More on Automotive

Government confirms permitted development rights for cross-pavement EV charging
Automotive

Government confirms permitted development rights for cross-pavement EV charging

Changes to planning rules aim to enable "faster, more consistent and accessible rollout of EV charging infrastructure"

James Murray
James Murray
clock 15 September 2026 • 3 min read
China sets target for electrified vehicles to hit 70 per cent market share 2030
Automotive

China sets target for electrified vehicles to hit 70 per cent market share 2030

New goal for passenger car sales set to deal further blow to projected oil demand

James Murray
James Murray
clock 14 September 2026 • 2 min read
Prices for used EVs are rising - and that could be good news for the UK's climate goals
Automotive

Prices for used EVs are rising - and that could be good news for the UK's climate goals

Britain's used EV market is showing clear signs of momentum, with the latest data confirming that increased consumer demand is pushing up prices

Amber Rolt
clock 11 September 2026 • 6 min read