EV Automobiles Ltd has partnered with ReTrust Microfinance Bank to accelerate the adoption of clean energy transportation in Nigeria, by expanding access to electric vehicles (EVs) and promoting sustainable mobility solutions.
The partnership aims to tackle some of the major challenges hindering the growth of EV usage in Nigeria, particularly affordability and limited access to financing for prospective buyers.
Also participating in the partnership are Citadel Power, Citadel Estates, and Zylux International Group, all of which are expected to contribute their expertise towards building a robust electric mobility ecosystem in the country.
At the heart of the initiative is the financing scheme that enables Nigerians to purchase brand-new electric vehicles through consumer loans provided by ReTrust Microfinance Bank at affordable and competitive interest rates.
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The partners explained that the financing scheme is designed to lower the entry barrier
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