Garanti BBVA joins forces with ABB to offer loans for electric vehicle charging stations
As part of Garanti BBVA’s commitment to support Turkey's fight against climate change, the bank has signed an agreement with energy company ABB to promote rapid charging stations for electric vehicles.
Thanks to this partnership, those interested in setting up a charging station will be offered up to TL 30,000 in loans at ABB dealers, with installments from three to 36 months. The stations can be installed on lots, apartments and detached homes.
Garanti BBVA is increasing the number of environmental products it offers in line with its efforts to support sustainability. At the same time, innovative products and services like this one, also add value to customers’ lives. Koray Öztopçu, director of Consumer Finance at Garanti BBVA said, “By offering this credit to facilitate e-charging stations at ABB dealers, we are making it easier for interested customers to access this product. Together with ABB, we are laying the foundation for the future of smart, reliable and emission-free mobility. We believe it will rapidly increase the number of e-charging stations in our country."
According to the regulations recently published in Turkey’s Official Gazette, investments for electric vehicle charging stations can benefit from a non-refundable aid of up to 75 percent up, and a maximum amount of TL 20 million. There will be a need for more financing in the future for additional e-charging stations. Overall, it is expected to have a high economic impact, and has the potential to accelerate development in multiple sectors.