BNP Paribas Leasing Solutions is to offer financial solutions for the installation of electric charging stations throughout mainland France.

BNP Paribas is to propose rental contracts of four to five years. These solutions will be offered indirectly via manufacturers of charging stations which deal directly with companies, electricity fitters which propose equipment with services, companies that propose long-term rental packages including cars and charging stations, and energy providers which lease charging points to their customers with a special rate for electricity.

BNP Paribas will also lease directly to professional clients of the BNP Paribas banking network, clients of BNP Paribas Rental Solutions Trucks on anticipation of electric trucks joining the market, and more generally any company needing charging points for their vehicles.

Charlotte Dennery, chief executive officer of BNP Paribas Leasing Solutions, said: “All companies would like a cleaner electric vehicle fleet but rightfully so, tend to avoid investing heavily in new technology. We offer leasing solutions so companies can afford innovative equipment with less asset risk and optimal cash flow. It is our pleasure to guide them on this route to effective commercial growth and improved sustainability.”

Between the beginning of 2015 and the end of 2018, the number of charging stations in France increased from 10,000 to 25,000. Areve, a public organisation in the energy and renovation sector, has predicted the installation of an additional 45,000 charging stations by 2020. According to BNP Paribas, while the French market currently targets rechargeable electric and hybrid vehicles, in the near future electric trucks, buses and other light commercial vehicles will also join the market.

Last month BNP Paribas Leasing Solutions UK appointed a lead for its broker team and made a series of promotions.

Alongside Tim’s Pulleyn’s appointment as head of broker, Paul Baker has been promoted to head of food and agriculture and Alun Davies to head of construction and logistics.