Turkey, March 6 -- The European Bank for Reconstruction and Development (EBRD) is providing a €50 million loan to Turkiye's TEB Arval, a full-service fleet leasing and mobility solution company, to finance a new fleet of electric vehicles.The proceeds of this loan will be used to finance the acquisition of 1,200 electric vehicles - including both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) - to reduce the company's carbon footprint and increase its sustainability.Turkiye is experiencing rapid urbanisation across the country, increasing the importance of sustainable transport when it comes to mitigating climate change. Historically, Turkiye's transport sector has had a severe impact on the environment ...