Santander Consumer Bank electric vehicles portfolio

The report evaluates the environmental impact of 25,787 electric vehicles in Santander Consumer Bank's Norwegian portfolio as of July 2019. It calculates that these vehicles avoid 28,600 tons of direct CO2 emissions annually compared to a fossil-fuel baseline, while generating 13,600 tons of indirect emissions from electricity production, resulting in a net reduction of 15,000 tons of CO2 per year.

• As of July 2019, Santander Consumer Bank's eligible loan portfolio in Norway included 25,787 electric cars.
• The portfolio's electric vehicles are estimated to travel 283 million kilometres per year, which equates to 167 million passenger kilometres.
• Compared to a baseline of average fossil-fuel cars, the portfolio achieves a reduction of 28,600 tons of direct (Scope 1) CO2 emissions per year, which is equivalent to saving 12 million litres of gasoline annually.
• The portfolio generates 13,600 tons of indirect (Scope 2) CO2 emissions per year from electricity consumption, based on a European production mix baseline of 275 gCO2/kWh for the year 2027.
• The total estimated net impact of the portfolio is a reduction of 15,000 tons of CO2 emissions per year when combining direct and indirect emissions.
• Norway's EV policy is described as one of the world's most ambitious, utilizing VAT and registration tax exemptions, and the Norwegian Parliament has set a target for 100% EV sales by 2025.

APA

Climate Bonds Initiative (2019). Santander Consumer Bank electric vehicles portfolio. https://www.climatebonds.net/files/drupal-files/files/multiconsult-report-on-scb-as-evs-portfolio.pdf

Chicago

Climate Bonds Initiative. Santander Consumer Bank electric vehicles portfolio. 2019. https://www.climatebonds.net/files/drupal-files/files/multiconsult-report-on-scb-as-evs-portfolio.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Santander Consumer Bank electric vehicles portfolio |date=8 October 2019 |url=https://www.climatebonds.net/files/drupal-files/files/multiconsult-report-on-scb-as-evs-portfolio.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019santander, author = {{Climate Bonds Initiative}}, title = {{Santander Consumer Bank electric vehicles portfolio}}, institution = {Climate Bonds Initiative}, year = {2019}, month = oct, url = {https://www.climatebonds.net/files/drupal-files/files/multiconsult-report-on-scb-as-evs-portfolio.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }