Charge+ teams up with Goldbell Financial Services to lower upfront costs for new EV buyers in Singapore

Lionel Kong
Charge+ CEO, Goh Chee Kiong and Goldbell Financial Services Chairman, Alex Chua at a Charge+
Charging Station at orchardgateway level 7

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


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. 

This Cat A luxury car is as cheap to run as an EV!

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). 

“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).

Charge+ charger in Singapore

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.

Charge+ charger in Singapore

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.

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.


car loan charge+ electric car ev charger

About the Author

Lionel Kong

An old hand from the bad old days of crazy COEs, the straight-shooting, ex-CarBuyer editor is back in the four-wheeled world. Rumours that he went to another country to start a Judas Priest tribute band are unfounded.

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