Volkswagen Bank now offers financing for electric vehicle (EV) charging infrastructure to help corporate customers electrify their vehicle fleets, providing funding for onsite wall boxes and charging stations.
The investment financing also covers construction or modifications to company buildings, on existing operating equipment as well as connection costs. Photovoltaic systems or buffer reservoir installations can be financed.
In addition, Volkswagen Bank advises corporations on integrating possible subsidy funding, factoring in such subsidies when arranging individual company financing.
“Switching to electric mobility requires many companies to make financially significant initial investments in operating equipment. With our charging infrastructure financing, we help our customers stay liquid in the process while still setting the necessary course for the future. To this end, we have designed the offer to be as transparent and uncomplicated as possible,” said Dr. Michael Reinhart, management board chairman, Volkswagen Bank GmbH.
Volkswagen Bank stated it can offer customers swift lending decisions since credit ratings are standardized. Loan amounts of €50,000 to €250,000 with a term and interest rate fixation of up to 20 years can be quickly approved said the bank. Loans above €250,000 are available after a positive balance sheet review.
More information can be found on the Volkswagen Bank website.