30 Aug 22
News

Companies can get charging infrastructure financing from Volkswagen

Volkswagen Bank provides loans for businesses EV switch

Volkswagen Bank wants to help businesses cope with the extra cost of installing office charging infrastructure for their fleets. The special offer aims at companies who need to equip their buildings with wall boxes, charging stations and equipment. Construction works can also be included. The incentive is part of Volkswagen's holistic Electrification-as-a-Service project.
 
The financial arm of Volkswagen aims to speed up the process and diminish the bureaucratic complexity of loans. With a term and fixed interest rate of up to 20 years, these can get approval without a positive balance sheet review from 50,000 to 250,000 euros. Higher loans demand an appraisal.

The loan has a broad scope. For example, the agreement can also include existing operating equipment, connection costs, solar panels or buffers. Moreover, Volkswagen Bank advises on integrating possible subsidy funding and considers this from the outset when planning individual financing.

"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, Chairman of the Management Board of Volkswagen Bank GmbH.

Electrification-as-a-Service

The incentive is an extension to the Electrification-as-a-Service (EaaS) program that Volkswagen Financial Services set up last month. This one-stop shop is a modular 360°-consulting concept for fleet managers. It ranges from fleet analysis, and choice of suitable vehicles and dashboards to tailored financing and leasing offers through to the charging infrastructure and load management. The modules can be selected individually or combined as required. A Key Account Manager serves as a gateway to experts and partners within the fields of consulting, fleet services and logistics, financial services or electric vehicles. 

The aim of the loan and EaaS is to make it easier for businesses to make the switch and change to an electrified fleet.

Image Source: Volkswagen

Authored by: Piet Andries