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Sh2Bn Electric Vehicle Finance Deal for Customers at NCBA

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Electric vehicles ecNCBA Group has answered a growing interest and requests from customers who are keen to purchase electric vehicles, offering a five-year deal that will see customers enjoy asset financing of up to 80 percent of the total cost of any personal or public service vehicle.

NCBA is to give a 10 percent interest rate on reducing the balance offer for electric vehicle loan applications received within the first 90 days.

NCBA Group Director, Asset Finance and BuNCBA Group have answered a growing interest and requests from customers who are keen to purchase electric vehicles, offering a five-year deal that will see customers enjoy asset financing of up to 80 percent of the total cost of any personal or public service vehicle. Business Solutions, Lennox Mugambi, emphasized the need for electric vehicles as they are environmentally friendly, and cost-efficient considering the high cost of fuel.

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“Transforming the transport sector into low carbon, efficient and reliable system that will drive social and economic growth is at the heart of what we believe. We see this investment as an opportunity to support the government establish a clean, efficient, and safe transport system that will safeguard an eco-friendly future,” said Mugambi.

The electric vehicles are said to travel on average 313km on a full charge and take up to 4 hours for the Battery to be fully charged based on the type of charger, type of battery, charge level, and capacity.

As the world works its way to combat global warming and climate change impact, Electric vehicles are considered lighter, have a faster acceleration; and charging costs in Kenya start from as low as Sh1000.

Their low carbon emission characteristics are environmentally friendly, reduce noise pollution, have long-lasting lithium-ion batteries, reduce energy dependence, and are a step into the future.

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