Connected Car
Bank of America Corp. is offering consumers the option of financing at-home electric-vehicle chargers as part of their auto loans, anticipating demand for the products will increase as buyers turn away from gas-powered cars. Fabien Thierry, head of consumer vehicle products, said the bank believes it is among the first firms to provide such a service for consumers. “Bank of America has been supporting the electrification, and we’ve been saying that we want to be one of the EV financing leaders,” he said. Charging stations can cost $200 to $2,000, the Charlotte, N.C.-based bank said in a statement. The average price of an EV in the U.S. exceeds $65,000, according to Kelley Blue Book.