Car buyers that take up a GBFS car loan will get free charging credits from Charge+

SINGAPORE

EV charging solutions provider Charge+ and Goldbell Financial Services (GBFS) have teamed up to offer drivers a way to lower both the upfront and operating costs of electric vehicle ownership.

Car buyers who purchase an EV and take up a passenger car loan from GBFS will be offered up to three months of free charging credits, followed by three months of discounted charging credits from Charge+ EV charging stations. 

As of this moment, GBFS is the only non-bank financial institution in Singapore to offer charging credits in conjunction with EV car loans.

“The partnership with Charge+ moves us one step closer to our goal of catalysing the progression towards a low-carbon economy for future generations through flexible financing solutions,” said Mr Alex Chua, chairman of GBFS (picture above right). 

This is Singapore’s most popular Charge+ EV station in a HDB estate

“The key bottlenecks to EV adoption in Singapore have been high upfront costs of EV and accessibility to convenient EV charging infrastructure. Therefore, Charge+ is proud to partner GBFS to spur EV adoption by lowering the cost of EV ownership and making the EV charging experience hassle-free. This partnership with GBFS means Charge+ can create more value for our EV drivers beyond just EV charging,” added Mr Goh Chee Kiong, CEO of Charge+ (picture above left).

The online car loan application process with GBFS is integrated with MyInfo and Singpass, enabling consumers to obtain pre-approved car loans, subject to the usual credit checks. 

This will help potential car buyers understand their maximum loan amount and estimated monthly instalments. Following the loan disbursement, Charge+ will contact eligible customers to walk them through the process of accessing the complimentary and discounted charging credits via the Charge+ app.

With more than 700 Charge+ points already in operation, the Charge+ is rapidly ramping up its public charging network, with a target of 6,000 EV charging points by 2025. This move is consistent with the government’s goal of creating a greener, more sustainable land transportation sector.

You won’t believe what was the best-selling SUV in Singapore in September 2022

EVs are already accounting for more than 10 percent of all new car registrations in 2022, nearly tripling the adoption rate in 2021. In September 2022 alone, nearly one in every five new cars registered here was an EV.

• 
  New BYD showroom at Robinson 77, run by newly-appointed dealer, Harmony Auto
• 
  The new Category A Volkswagen Tiguan lessens pain in bum
• 
  Top 5 common EV charging problems and how to avoid them
• 
  2024 Porsche Taycan 4 Cross Turismo Review: Electric Dream
• 
  First Look: The controversial, bullet-resistant Tesla Cybertruck