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NAB accelerates EV adoption through strategic partnerships. - NAB
19 December 2024
Business Banking Climate and Sustainability
Partnerships drive adoption of electric vehicles
- Existing business customers taking up these offers can expect genuine savings, helping make EV ownership more accessible and affordable.
- Customers can benefit from a discount on the list price of new BYD vehicles.
- Businesses can enjoy a year of fee-free charging for their fleet with Evie Networks.
- The first 350 customers to sign-up can access a $75 charge credit with JOLT.
NAB is partnering with a leading EV distributor and charging infrastructure companies to offer benefits to existing business customers. These benefits include a discount to the list prices on new BYD electric or plug-in hybrid vehicles, and reduced costs for EV fleet charging with Evie Networks for a year, or a one-off charging credit with JOLT.
The partnerships will help support businesses in reducing their transport emissions sooner while also helping to make EV ownership more accessible and affordable, NAB Executive Business Metro and Specialised Julie Rynski said.
“Demand for EV finance has soared since we introduced our business finance for green equipment product, so these partnerships are another way we’re further incentivising businesses to reduce their carbon footprint and business costs.”
“The EV market is largely focused on consumer lending yet there is a real opportunity to help businesses make the switch to electric vehicles sooner.
“Through these partnerships our business customers taking up these offers can expect significant savings per vehicle which is an attractive incentive for many business owners.”
“As Australia’s largest business bank, it’s part of our job to support customers on their transition journeys and this means practical solutions to help them decarbonise,” Ms Rynski said.
The initiative is part of NAB’s broader climate strategy, which includes an $80 billion commitment to new lending from FY24 to FY30.
Key highlights of the partnerships include:
- BYD offer: A discount off the list price of new BYD EVs and plug-in hybrid vehicles.
- Evie offer: Enjoy a year of fee-free charging for your fleet with Evie Networks. With over 270 fast chargers nationwide, Evie ensures reliable, widespread access to keep your fleet on the road.
- JOLT offer: $75 credit upon sign-up for the first 350 customers.
NAB Green Finance for Business includes:
- NAB Business Finance for Green Equipment
- NAB Green Finance for Commercial Real Estate (CRE)
- NAB Green Finance for Agri Business
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