As new cars shift from internal combustion engine to battery electric it is critical that the motor finance market is also able to transition
The BVRLA is working with key stakeholders to support the ability of the market to transition to green motor finance. We believe Government needs to support zero emission vehicle financing where there are challenges, for example, the used market.
The Green Finance Institute has established a Coalition for the Decarbonisation of Road Transport (CDRT). A work stream of the CDRT is 'Purchase and Leasing' which looks to co-design new and enhance existing financing solutions to encourage increased EV adoption. The BVRLA is heavily involved in this work and developing the interventions that will be required to unlock green motor finance. Members who would like to be part of this work are encouraged to contact the GFI or BVRLA.