Sustainability and demand for alternative fleets continues to drive the industry, according global mobility management provider Alphabet International's 2022 Annual Report, which registered a 53,500 vehicle rise in the company's EV portfolio last year.

“Today, one in three vehicles in Alphabet’s portfolio is partially or fully electric — these vehicles accounted for 31% of total new business in 2022,” the report states.

“We have exceeded last year’s goal of increasing the electrified vehicle share of new business,” says Markus Deusing, CEO Alphabet International, noting that sustainable, greener fleet options are particularly importance to customers seeking to achieve their environment, social and  governance targets.

Fleets also now seek greater flexibility in mobility solutions, according to the Alphabet report. The lingering effects of the pandemic, lack of new vehicle availability, and economic uncertainty has altered customer order behavior and fueled “significant” interest in new solutions. For example, the company has expanded its rent business with more than 22,000 vehicles.

In addition, Alphabet experienced a nearly constant order volume in 2022, and the company is more than optimistic about the future.

"We continue to see strong demand," says Deusing. “Our order books are full and more vehicles are expected to become available again this year. For 2023, we expect again strong growth, especially for fully electric vehicles."

With a 700,000 vehicle portfolio, Alphabet provides services in most European countries, expanding last year into Canada and Finland. The company says it plans to significantly invest in all digital services in 2023.