Bank of America to offer financing for residential EV chargers

Bank of America will being offering consumers the option of financing their residential electric vehicle (EV) chargers alongside their auto loans. Based on growing client demand for streamlined solutions that make driving an electric car easier and more convenient, Bank of America now offers dealers and manufacturers the option of letting consumers finance these chargers. At-home charging stations range in price from $200 to $2,000 in the U.S. EVs on U.S. roads are expected reach 26.4 million by 2030, substantially higher than the 2.4 million at the end of 2021. Bank of America says it works with over 10,000 dealers and multiple EV manufacturers nationwide.