PriyaPatel
TL;DR:
EV Life has expanded into used EV financing as the demand for affordable options increases with more EVs hitting the used market. Peter Glenn, co-chief executive and head of marketing, discussed the company’s move into used-vehicle financing with Auto Finance News.
Article Summary:
Electric vehicle fintech company EV Life has recently launched used-EV financing to meet the growing demand for affordable options in the used EV market. This expansion comes as more used EVs become available, providing consumers with more choices. Peter Glenn, EV Life’s co-chief executive and head of marketing, explained in an interview with Auto Finance News that the company recognized the opportunity to offer financing solutions for this segment of the market.
As the popularity of electric vehicles continues to rise, the availability of used EVs has also increased, creating a new market segment for financing companies to explore. By entering the used EV financing market, EV Life aims to provide consumers with accessible financing options for purchasing pre-owned electric vehicles.
With the launch of its used-EV financing program, EV Life is poised to tap into a growing market and cater to the needs of consumers looking to transition to electric vehicles. By offering financing solutions specifically tailored to the used EV market, the company aims to make electric vehicles more accessible and affordable to a wider range of consumers. This strategic move demonstrates EV Life’s commitment to innovation and meeting the evolving needs of the electric vehicle market.
