Westpac, a prominent financial institution in Australia, has taken a promising step towards sustainable transportation by providing free EV charging(more than 7,000 km) to qualifying customers. This program seeks to assist customers in their transition to eco-friendly lifestyles and promote the use of electric vehicles. Westpac’s initiative offers numerous benefits and has the potential to drive a positive change in the automotive industry of the country while also helping to achieve its sustainability goals by 2023.
- ➤ Westpac Sustainability Strategy to power green financing
- ➤ Free Charging of 1,250kWh
- ➤ Fuelling Savings and Supporting the Environment
- ➤ A Collaborative Shift towards Sustainability
- ➤ Incentivising Electric Vehicle Adoption
Westpac Sustainability Strategy to power green financing
Westpac is committed to supporting environmentally conscious choices by offering discounted interest rates on car loans specifically designed for EVs. This aligns with their 2023 Sustainability Strategy Ambition, which aims to support the transition to a climate-resilient future. Customers can enjoy attractive financing options with loan amounts ranging from $10,000 to $100,000 and flexible repayment terms that can be tailored to fit their budgets. You can get a quick quote by following this link.
Free Charging of 1,250kWh
Westpac is dedicated to promoting sustainable transportation and offers a unique incentive to customers who choose an eligible electric vehicle loan. These customers receive an extraordinary benefit of 1,250 kWh of complimentary charging for a duration of 12 months. This translates to more than 7,000 kilometres of driving, offering substantial savings on charging costs. With access to Australia’s largest public charging network provided by Chargefox, EV owners can embark on their journeys with confidence and peace of mind. Follow this link for eligible EVs.
Fueling Savings and Supporting the Environment
Steve Rubenstein, Westpac’s Managing Director of Consumer Finance, highlights the dual advantage of this offer. Not only does it provide considerable savings on charging expenses, but it also addresses the common concern of running out of battery on the road. On average, Australian passenger vehicles cover approximately 11,000 kilometres annually. With the free charging offer, the expenses related to owning and using an electric vehicle are significantly reduced.
A Collaborative Shift towards Sustainability
Westpac’s partnership with Chargefox, Australia’s largest electric vehicle charging network, exemplifies the collaboration between financial institutions and the electric vehicle industry to support and empower consumer choice in the clean energy transition. Westpac is promoting sustainable transportation options by providing free public charging, which enhances the accessibility and convenience of electric vehicles. This initiative encourages the adoption of eco-friendly modes of transportation. Chargefox has over 1,400 publicly available charging stations in Australia. You need their App on detailed locations, charging plugs, connectors etc.
Incentivizing Electric Vehicle Adoption
Westpac’s initiative aligns with broader efforts to incentivize electric vehicle purchases in Australia. The federal government’s introduction of fuel efficiency standards and the Electric Car Discount Bill provides up to $2,000 off the purchase price of electric vehicles. This demonstrates the growing support for sustainable transportation at a national level. Additionally, various state-level EV incentives such as rebates in New South Wales and Queensland further encourage consumers to embrace electric vehicles.
Westpac’s offer of free electric vehicle charging to eligible customers marks significant progress in Australia’s transition to a greener automotive landscape. Westpac offers its customers a chance to make eco-friendly choices while making financial savings through a combination of reduced interest rates on electric vehicle loans and access to a vast charging network. The bank encourages responsible and sustainable decision-making among its customers. This initiative not only benefits individual EV owners but also contributes to a collective effort in reducing carbon emissions and building a sustainable future.