If you’re looking for ways to reduce your carbon footprint, buying a more energy-efficient automobile is a great place to start.
As part of our commitment to sustainability, we’re proud to support the fast-growing market for electric and hybrid automobiles with our new Electric Vehicle (EV) Loan.
- no processing fees
no credit life insurance required
What is an electric automobile?
Unlike most fuel-consuming automobiles, an electric automobile can be powered fully or partially by a battery. They are classified as zero emission vehicles, because the motors don’t produce any exhaust fumes. When they are low on energy, they can simply be plugged into a power source.
What is a Plug-in Hybrid Vehicle?
A Plug-in Hybrid Vehicle operates through multiple power sources working together. While most do feature a traditional combustion engine, they also contain a battery-powered electric motor which reduces the overall need for fuel. This makes them much more energy-efficient than vehicles that rely solely on traditional fuel sources.
What are the benefits of driving an electric or plug-in hybrid vehicle?
- reduced fuel consumption and emissions
- ability to harness clean electric energy
- better fuel efficiency and overall performance
- recovered energy from regenerative braking