Oschadbank to issue loans for purchasing electric vehicles

Ukraine’s Oschadbank begins to authorize loans for the purchase of electric vehicles, according to the bank’s chairman of the board Andriy Pyshniy.

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"Sales of electric cars in the EU have more than doubled. It’s 25,000 vehicles. At the same time, the whole automobile market [has grown]by less than 9%. These are the data just for Q1 of 2015! The trend is obvious,” Pyshniy wrote on Facebook.

The head of the bank stressed that the US and the Asian electric vehicle markets are also blooming, while their ambitious plans are more than optimistic.

Pushniy added that Oschadbank, being the prominent state-owned bank, the largest creditor in the energy sector, is willing to take a high start, along with Ukraine, as the country is “actually just starting its thing with the electric cars.”

As UNIAN reported earlier, Ukraine's Verkhovna Rada gave green light to tax-free import of electric cars, passing a respective draft law on May 21, 2015.

The bill is designed to facilitate the protection of the environment, ensure Ukraine's energy independence, simplify households' access to advanced technologies and latest developments, improve the quality of passenger transportation in Ukraine and reduce its costs.

The aim of the bill is to create conditions for reducing the cost, and thus popularize electric vehicles in Ukraine, according to the explanatory note.

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