BofA Launches Electric Vehicle Resource Center to Power EV Adoption

April 26, 2023 at 10:00 AM Eastern

WHAT:

Bank of America’s EV Resource Center is a comprehensive collection of resources dedicated to helping consumers learn about and make informed decisions when considering an electric vehicle (EV) purchase. The new site provides interactive tools and content for a variety of topics including types of EVs, driving range, maintenance costs and tax incentives. There are also links to locate charging stations and apply for an auto loan.

WHY:

Adoption of EVs could increase up to seven-fold by 2025 (PDF), according to Bank of America Institute, but this trajectory will require addressing common misconceptions around range anxiety, financing options and more. Seeing the need for straightforward and engaging tools and resources, Bank of America created the EV Resource Center to empower consumers interested in EVs to make informed decisions.

The EV Resource Center is also the latest in Bank of America’s broader commitment to environmental sustainability and efforts to help clients reduce their carbon footprint. Bank of America achieved carbon neutrality in its operations in 2019 and has since committed to reach net zero in its financing activities, operations, and supply chain before 2050. In addition, Bank of America has a goal to deploy and mobilize $1.5 trillion in sustainable finance capital by 2030, including $1 trillion to support environmentally sustainable business activities.

WHO:

Reporters can interview Fabien Thierry, Head of Consumer Vehicle Products for Bank of America about the future of EV adoption and advice for purchasing an EV.

HOW:

Customers can visit https://bankofamerica.com/evresources to access the EV Resource Center and find more information about electric vehicles.

MORE:

Earlier this year, Bank of America became the first major bank to offer consumers the option of financing their residential electric vehicle chargers alongside their auto loans.

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 56 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

Reporters may contact:

Susan Atran, Bank of America
Phone: 1.646.743.0791 office | 1.646.599.3300 mobile
susan.atran@bofa.com

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