Search
Reducing residual value risk to unlock investment in zero-emission HGVs was the focus of a new industry summit co-hosted by the BVRLA and Green Finance Institute (GFI).
The inaugural HGV Finance Innovation Summit brought vehicle operators, finance providers, manufacturers, policymakers and infrastructure providers together at KPMG in London on 1 October.
With zero-emission trucks carrying higher upfront costs and uncertainty remaining over future demand and long-term vehicle values, residual value risk can influence both the cost and availability of finance. The summit explored how that risk could be better understood and shared to support investment in the transition.
Discussions also looked at approaches being developed overseas. Richard Lovell from Australia's Clean Energy Finance Corporation shared first-hand experiences of the role public backing can play in addressing residual value uncertainty, while Hylane's Sara Schiffer discussed emerging rental and finance models in Germany.
BVRLA Chief Executive Toby Poston said: “Residual values are an integral part of the equation. Bringing operators, finance providers, manufacturers and government into the same room is how the sector can explore different approaches against commercial reality.”
The summit will be followed by further engagement between stakeholders to explore potential solutions and identify where industry action or policy intervention could help overcome financing barriers.
Members interested in the BVRLA's work on zero-emission HGVs, including opportunities to get involved through the HGV Leaders Forum, can contact Catherine Bowen at [email protected] for more information.
