EV Charging Stations Finance

If you are a business owner looking at purchasing electric cars or vans but are worried about the EV charging costs, we at Systems Finance can now help finance that acquisition. Our EV charging stations finance solution can help you spread the cost of your electric vehicle and charging setups.

Companies across the U.K. are always looking for ways to innovate their businesses with the aim of becoming more streamlined, productive and efficient, in turn finding ways to save money. One ways firms are doing this is by moving from petrol and diesel to electric and EV charging. This is in line with the Government’s plans to end the sale of new petrol and diesel cars and vans by 2030, as well as the aim that all new vehicles to be zero emission by 2035.

As seen in our previous blog regarding electric vehicles, there are numerous tax benefits and grants available through the Government initiatives. Paired with the supply issues all over the U.K. for fuel and other goods, the price of diesel and petrol is only set to continue rising.

One of the only concerns for businesses looking to invest into an electric vehicle fleet was finding the funding to purchase the EV Charging stations. A previously niche and cornered market has now been opened up by our new offering as we are now able to provide a manageable leasing solution for your company over agreeable terms.

Requirements for Deal:

• Limited companies only
• The borrower must have traded for a minimum of 2 years
• Funding via an SPV acceptable providing additional security is taken
• Full proposal to include 3 months bank statements, filed accounts and MI
• Supplier agreement including cost breakdown
• Install costs to be < 50% of the overall project cost
• Supplier must be UK govt approved *
• Manufacturer and specific model must be UK govt approved

* Workplace Charging Scheme Authorised Installers

* Workplace charging Scheme Approved Chargepoint List