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European campaign group Transport & Environment (T&E) on Wednesday urged leasing firms to stop renting out fossil fuel vehicles by 2028 and said the top rental companies, with a combined fleet of 9.3 million, were lagging in the switch to electric. Of Europe's top seven rental companies, which shape new car sales and the used car market, not one had committed to phasing out fossil fuel vehicles, the report "Stuck in the fossil age" said. Only Societe Generale unit ALD Automotive and BNP Paribas unit Arval had set medium-term targets for purchasing electric vehicles (EVs).

Nick careyBarbara lewisSociete generaleFinancial servicesCredit agricoleMobilize financial servicesReporting by nick carey