More and more consumers and businesses are switching to electric vehicles (EVs), based on the latest data from the Federal Chamber of Automotive Industries (FCAI).

Of the 632,412 new vehicles of all kinds that were sold in the year to June, 50,219 were EVs – up 16.5% from the year before.

“We hope to break the significant milestone of 100,000 EV sales in 2024,” FCAI chief executive Tony Weber said.

There are three ways to finance an EV purchase – visit your regular bank, use dealer finance or consult a specialist broker.

The problem with approaching your bank is lack of choice. Banks can only provide one line of products. Dealer finance has a similar problem in that car dealerships often work with just one lender, or a small handful, but when you consult a specialist broker, you get a couple of big advantages:

1. Firstly, we work with a diverse panel of lenders, so we can shop around for you
2. Secondly, we are a team of experienced finance professionals, which means we can recommend a lender that will suit your scenario to ensure your finance application is approved efficiently and easily

If you need assistance with a home loan, business loan, commercial property or investment loan, please get in touch. We can explain your options, manage your application and make the entire process easier for you.