BBVA Launches a Tool for SMEs to Electrify Their Vehicle Fleet

BBVA Launches a Tool for SMEs to Electrify Their Vehicle Fleet

BBVA, one of the leading banks in Spain, has taken a significant step towards supporting small and medium-sized enterprises (SMEs) in their transition to a more sustainable future. The bank has recently launched a groundbreaking tool that allows SMEs to explore options for electrifying their vehicle fleets.

This tool aims to help businesses calculate potential savings, access financing, and find information on the benefits of transitioning to electric vehicles (EVs).

Understanding the Importance of Electrifying Vehicle Fleets

The urgency to address climate change and reduce greenhouse gas emissions has prompted businesses worldwide to rethink their operational practices. The transportation sector, in particular, has a significant impact on carbon emissions. Therefore, finding sustainable alternatives, such as electric vehicles, is crucial for reducing the environmental footprint of businesses.

By electrifying their vehicle fleets, SMEs can contribute to a cleaner and greener future. EVs produce zero tailpipe emissions, reducing air pollution and improving air quality. Additionally, electric vehicles are more energy-efficient, resulting in lower fuel costs for businesses. Furthermore, with the advancement of charging infrastructure, EVs are becoming increasingly practical and convenient for everyday use.

Introducing BBVA’s Tool for Electrification

BBVA’s new tool is designed to simplify the process of transitioning to electric vehicles for SMEs. This user-friendly tool provides valuable information, financial calculations, and guidance to help businesses make informed decisions about electrifying their fleets. Let’s explore the key features and benefits of this groundbreaking solution.

Calculating Savings and Financing Options

The tool allows SMEs to calculate potential savings by comparing the costs of operating traditional combustion engine vehicles with the expenses associated with electric vehicles. By entering specific data about their current fleet, such as the number of vehicles, average daily mileage, and fuel costs, businesses can estimate the potential savings they could achieve by switching to EVs.

Moreover, the tool provides SMEs with various financing options to facilitate the transition to electric vehicles. Whether businesses prefer loans, leasing, or renting, BBVA offers tailored financial solutions to meet their specific needs and budget. This comprehensive approach ensures that SMEs can access the necessary funds to electrify their fleets without compromising their financial stability.

Accessing Information and Resources

In addition to financial calculations, BBVA’s tool also provides SMEs with essential information and resources related to electric vehicle adoption. This includes details about the advantages of transitioning to sustainable transportation, such as reduced maintenance costs and tax incentives. The tool also offers information on nearby charging stations and available public subsidies that SMEs can benefit from.

By consolidating all this information into a single platform, BBVA simplifies the decision-making process for businesses. SMEs can now access everything they need to know about electrifying their vehicle fleets in one place, saving time and effort in their research.

Simulating Vehicle Options and Contracting

One of the most remarkable features of BBVA’s tool is its vehicle simulation capability. SMEs can input their current vehicle information and usage patterns to explore different electric vehicle models that would best suit their needs. The tool provides a wide range of options, including cars, vans, and trucks, allowing businesses to find the most suitable electric vehicles for their operations.

Furthermore, the tool enables SMEs to initiate the contracting process directly from the platform. This seamless integration between the simulation and contracting stages streamlines the process, making it more convenient for businesses to transition to electric vehicles.

Potential Savings for SMEs

BBVA estimates that SMEs using this innovative tool can save an average of €3,500 per vehicle. This significant cost reduction stems from various factors, such as lower fuel expenses, reduced maintenance costs, and potential subsidies. With these savings, SMEs can allocate resources to other areas of their business, fostering growth and sustainability.

How to Use BBVA’s Electrification Tool

Accessing BBVA’s electrification tool is simple and user-friendly. SMEs can log into their BBVA business account on the bank’s website and navigate to the dedicated section for sustainable actions. Here, they will find the tool, ready to assist them in their journey towards electrifying their vehicle fleets.

Once inside the tool, SMEs will be greeted with an overview of the available information and options. The tool prompts businesses to provide details about their current fleet, such as the number and type of vehicles, average daily mileage, and fuel expenses. By filling in this information, SMEs can generate a personalized report that outlines potential savings and financing options.

The tool also allows SMEs to explore different electric vehicle models and compare their features, costs, and potential benefits. This comprehensive comparison ensures that businesses can make informed decisions when choosing the most suitable electric vehicles for their operations.

Availability and Expansion

BBVA’s electrification tool is currently available to SMEs in Madrid and Catalonia. However, the bank plans to expand access to the tool nationwide by March 2024. This expansion will enable SMEs across Spain to benefit from this innovative solution and take significant steps towards a more sustainable future.


BBVA’s launch of a tool for SMEs to explore options for electrifying their vehicle fleets marks a significant milestone in the transition towards sustainable transportation. By providing comprehensive information, financial calculations, and access to resources, BBVA empowers SMEs to make informed decisions about adopting electric vehicles.

This tool not only simplifies the process but also highlights the potential savings and benefits that businesses can achieve by embracing sustainable practices.

With BBVA’s electrification tool, SMEs can contribute to a cleaner environment, reduce operational costs, and position themselves as leaders in their industries. As the tool becomes available nationwide, more businesses will have the opportunity to join the green revolution and shape a more sustainable future for all.