More bundling on the way! Bank of America offers financing for residential EV chargers alongside their vehicle loans. The bank is working with over 10,000 dealers and multiple EV manufacturers nationwide. 

The demand for residential electric vehicle chargers is expected to grow in the U.S. to nearly 27.5 million by 2030. In the US, at-home charging station pricing can range anywhere from $200 to $2,000. The Inflation Reduction Act, signed into law in August 2022, provided a significant investment in clean energy and transportation technologies, including a broad array of EV incentives, and is expected to accelerate consumer demand. Electric vehicles (EV) on U.S. roads are expected reach 26.4 million by 2030, substantially higher than the 2.4 million at the end of 2021, per Bank Of Americas’ Newsroom https://newsroom.bankofamerica.com/content/newsroom/press-releases/2023/02/bofa-to-offer-financing-for-residential-electric-vehicle-charger.html

Bank of America aims to help people ‘go electric’ by bundling the financing for this important accessory. They believe that this will make it easier, more convenient and streamlined for people to switch to electric vehicles.

*Those interested in financing the cost of their electric vehicle chargers should check with their dealer to see if this option is available.

Go electric ✌️