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

More on Automotive

ZEV Mandate: Government proposes potential changes to electric car and van sales targets

ZEV Mandate: Government proposes potential changes to electric car and van sales targets

Views are being sought on a menu of options for reforming the Zero Emission Vehicle Mandate, which controversially include weakening 2030 EV sales targets for carmakers

Michael Holder
clock 14 August 2026 • 7 min read
'Electric shock': How fossil fuel market volatility could accelerate global EV adoption faster than expected

'Electric shock': How fossil fuel market volatility could accelerate global EV adoption faster than expected

Wood Mackenzie report identifies 'electric shock' scenario which could jump start global EV markets through perfect storm of geopolitical drivers and technological advancements

clock 13 August 2026 • 4 min read
Analysis: Weakening EV sales targets could cost UK drivers £3bn a year by 2030

Analysis: Weakening EV sales targets could cost UK drivers £3bn a year by 2030

Weakening the Zero Emissions Vehicle Mandate would also lead to higher UK oil imports and greenhouse gas emissions, according to Carbon Brief analysis

Michael Holder
clock 13 August 2026 • 4 min read