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Bank of America introduces residential EV charger financing

Teslarati

Bank of America made a drastic step forward today to make at-home residential electric vehicle chargers an easier purchase for car buyers. BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. With the nationwide EV outlook expected to reach 26.4

Financing 145
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Lucid Motors launches Lucid Financial Services with Bank of America for lease and loan financing

Electrek

Today Lucid Motors announced a new digital financing platform called Lucid Financial Services to provide lease and loan purchase options to Air EV customers in the United States. The financing options are provided through a strategic relationship between Lucid Group and Bank of America.

Financing 125
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Pace purchases 20 Proterra ZX5 electric buses and EV fleet charging infrastructure

Green Car Congress

Pace is the transportation backbone of Chicago’s suburbs and one of the largest public bus service operators in North America, serving an area nearly the size of the state of Connecticut. Proterra and Pace Suburban Bus has awarded Proterra a $26.5-million Proterra 40' ZX5 Max.

Fleet 448
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Workhorse receives purchase order for 500 C-1000 electric delivery trucks from Pritchard Companies

Green Car Congress

received a purchase order for 500 of its all-electric C-1000 delivery vehicles from Pritchard Companies. Inventory financing will be provided by Hitachi Capital America as part of Workhorse’s previously announced strategic partnership with HCA. Workhorse Group Inc.

Purchase 418
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Tesla promotes 1.99% APR financing offer for Model 3 and Model Y in US

Teslarati

Tesla has started promoting a 1.99% APR financing offer for the Model 3 and Model Y in the United States. Tesla announced the promotion on its official Tesla North America account on social media platform X. The offer is not available on the base Model 3 RWD, which is financed with a 5.99% APR.

Financing 136
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Workhorse receives purchase order from Pride Group Enterprises for 6,320 C-Series electric delivery vehicles

Green Car Congress

Workhorse Group has received a purchase order for 6,320 C-Series all-electric delivery vehicles from Pride Group Enterprises, a company with businesses in transportation equipment retail, wholesale, rental, leasing and logistics. Inventory financing for that deal is also being provided by Hitachi Capital America.

Purchase 243
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General Motors to invest $625 million in new Lithium Americas JV – Charged EVs

Baua Electric

General Motors (GM) has entered into a new investment agreement with Lithium Americas to establish a joint venture (JV) to fund, develop, construct and operate the Thacker Pass lithium carbonate project in Humboldt County, Nevada. The GM financing can be used as collateral to support reserve account requirements under the DOE Loan.