Skip to main content
All CollectionsEV Life Financing 101
Why should I use an EV Climate Loan to finance my electric vehicle?
Why should I use an EV Climate Loan to finance my electric vehicle?
Peter Glenn avatar
Written by Peter Glenn
Updated over a year ago

Traditional auto lenders don’t believe EVs should be financed differently than gas cars, but we do.

Unlike gas cars, EVs have a green premium of $10,000 or more versus similar gas cars, but also can qualify for more than $10,000 in post-purchase tax credits and rebates. However, none of these savings are included in traditional auto loans today.

With the EV Climate Loan, EV Life is reinventing the auto loan for electric vehicles.

EV Life enables you to use your EV tax credits and rebates upfront to lower your loan payments by up to $200/month—making financing your EV competitive with gas.

Did this answer your question?