Fleet lessor Alphabet has launched a lighter version of its E-valuation tool to highlight where electric vehicles (EVs) could replace cars and vans, and hired David Joyce as wholesale funding manager.

Joyce joined Alphabet after over a decade working in the fleet and mobility sector, including time as fleet finance sales manager at Mercedez-Benz Finance and fleet and contract hire manager at FGA Capital UK.

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He will be responsible for the funding needs of new and existing customers, including accident management companies, car clubs and daily rental businesses.

The wholesale funding team experienced a record 2013, and the company said it expects to deliver funding solutions for a further 10,000 vehicles in 2014.

E-valuation

The original E-valuation tool was launched in 2013 as a way of helping fleet providers establish which vehicles could be cost effectively replaced with EV equivalents. The new, lighter version is intended to do the same, but for smaller, specific parts of fleets.

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Each user receives an analysis and recommendations based on mileages, emissions, fuel prices and whole life costs of selected current vehicles in their fleet.

Alphabet provided an example of one customer, public service provider Amey, which found that six vans and five cars of its 15 vehicle fleet could be replaced cost effectively with EV vehicles.

The E-valuation tool found that replacing the four most suitable vans with EVs would have reduced the whole life cost of each van by £3,090 per van.