28.01.2025

A Shifting Landscape: Leaseurope's Outlook on Europe's Future

At the Asset Finance Connect Unconference, Richard Knubben discussed the political, economic, and consumer trends shaping the leasing industry in 2025.

At the Asset Finance Connect European Unconference, Richard Knubben, Director General of Leaseurope, discussed how political shifts and economic changes in Europe are reshaping the leasing industry. With 2024 marking a period of political upheaval, Richard highlighted key trends and challenges leasing companies will face in the coming years. 

Following the 2024 European Parliament elections, the rise of more extreme political factions has created a fragmented landscape. Leaseurope's Director emphasised that leasing companies must stay agile to navigate changes in regulatory priorities, particularly those surrounding sustainability. The European Commission’s push to simplify ESG reporting offers leasing companies an opportunity to lead in providing essential data and analytics, especially as demand for Scope 3 emissions reporting grows. 

Social leasing, particularly for electric vehicles (EVs), has seen mixed results. Richard Knubben suggested that focusing on second-hand EVs could provide a more sustainable solution, with additional opportunities in expanding green asset leasing. Meanwhile, the demand for flexibility is driving leasing companies to explore new models, such as short-term contracts and subscription services. Balancing flexibility with financial stability will be key for success. 

Looking ahead to 2025, he identified three key opportunities: simplifying ESG reporting, expanding subsidised leasing programs, and adapting to new business models. The leasing industry must leverage data and innovation to thrive amid political and economic shifts.