Ethos Asset Finance has launched a specialist division for the financing of environmentally friendly vehicles and assets.

Labelled the Electric Broker, the division has been formed following the government’s announcement that the ban on all new petrol and diesel vehicles will be brought forward five years to 2035.

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Chris Brown, founder of Ethos Asset Finance, said: “In the last four months, Ethos has staged two events showcasing electric and hybrid cars and vans, which were both incredibly well attended. On the back of the success of these events, and an ongoing rise in calls from clients across the country looking at purchasing electric vehicles, we have launched this specialist division.

“The Electric Broker is essentially ‘powered’ by Ethos Asset Finance, which has more than two decades of experience in the vehicle finance sector. It is also recognised as one of the most respected and trusted names in the asset finance industry.

“Last October alone electric or hybrid car sales accounted for 10% of UK car sales – a rise of 4% on the previous year. And this figure will continue to grow.”

“With the Government backing the switch to green vehicles, now is the perfect time for businesses to look seriously at changing their vehicles to a greener solution, and we are the experts who can help facilitate this.

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“We are thrilled by the launch of The Electric Broker, which marks a new and exciting chapter in our history. Whilst Ethos Asset Finance operates in a host of different arenas, we felt the time was right to launch a specialist division to concentrate solely on the financing of electric vehicles for customers who are interested in going green.”