Electric vehicle sales are on the rise, and one Sydney-based finance company has created a package to make the switch even more appealing.
Pepper Money has partnered with Australian EV public charging network company Evie Networks to offer eligible finance customers 12 months’ worth of public charging at no cost.
With this offer, drivers that finance their EV with the company can charge at any Evie public charging station across Australia for up to 12 months or 2000kWh, whichever comes first.
Pepper Money says that 2000kWh of charging equates to between 10,000km and 15,000km of driving range.
In order to achieve these claimed distances, your EV would need to be consuming between 13.3kWh/100km and 20kWh/100km.
For context, the base RWD version of Australia’s best-selling EV, the Tesla Model 3, consumes a claimed 13.4kWh/100km according to the Green Vehicle Guide.
To claim the offer you need to settle an EV loan, which refers to when you pick up the keys of your car and start making loan repayments.
You also need to activate the complimentary 12 month charging offer within 30 days of the date the loan is settled. The offer works for both new and used EVs.
“We want to help accelerate the switch to EVs by removing the barriers and contribute to lasting, systematic change – from finance to infrastructure and beyond,” said Pepper Money general manager of asset finance Ken Spallacy.
Evie is one of Australia’s largest EV fast-charging networks and offers fast-charging in every capital city.
The company competes against other EV fast-charging network companies such as Chargefox and Tesla with its Superchargers. The latter of these EV charging networks can only be used by Tesla owners.
Evie currently offers a number of EV chargers ranging from 50kW fast chargers in metropolitan areas, to 350kW ultra-fast highway chargers. Both of these are manufactured by Queensland-based company Tritium.
“The Pepper Money EV loan offer will ensure that customers have added comfort on the road to charge at our convenient and quality locations,” said Evie Networks head of sales and marketing Geoff Brady.
Evie’s network is growing, helped by the Australian Government’s partial funding of a rollout of more than 400 privately-operated EV fast-charging stations – including Evie stations – at a cost of around $25 million.
Evie will install more than 300 50kW DC fast-chargers at 158 different Evie sites all over the country.
The co-funding comes via the Future Fuels Fund, with the purse strings held by the Australian Renewable Energy Agency (ARENA).
Evie was one of the successful applicants for grants from the first round of ARENA funding, as well as Ampol, Engie, Chargefox, and Electric Highways Tasmania.
The company also plans to install 50kW DC fast-chargers in 55 towns across rural and regional Victoria, with funding help from the State Government’s Destination Charging Across Victoria program, to the tune of $2.97 million.
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