Bank of America Offers Employees $4K Incentive Toward New EV purchases

Bank of America Offers Employees $4K Incentive Toward New EV purchases

Bank of America offers its employees incentive towards to the purchase of new electric vehicle. Tesla cars are also available for these incentives.

Bank of America is one of the world's leading financial institutions. Ten years ago, it launched its Low-Carbon Vehicle Program to help employees buy or rent a car with hybrid or electric technology. Their goal is to ensure that employees can easily and easily choose and support the environmentally friendly transport sector.

In accordance with the EV100 standard, Bank of America pledged to support the implementation of EV by employees in its corporate offices, having already installed more than 200 charging points in the USA, China, the UK and other countries. This is in addition to nearly 10,000 employees participating in the low-carbon-car reimbursement program.

Currently, Bank of America employs 230,000 people worldwide, most of whom are in the United States and Great Britain. This incentive especially supports those workers who live in parts of the country where there are no government loans or incentives.

The current program provides a one-time reimbursement of $4000/£3000 to employees from the United States and the United Kingdom for the purchase of a new acceptable vehicle with electric or hydrogen fuel that can operate on highways, and a reimbursement of $2000/£1000 for a new lease. Under this program, more than 10,000 employees have purchased low-carbon vehicles. If you are an employee of Bank of America, contact your Human Resources representative and receive all electrification details.


Bank of America has extensive experience supporting environmental initiatives. Along with their financial services partners, they understand that their company plays an important role and is responsible for accelerating the transition to a low-carbon sustainable economy. Bank of America does this through their own corporate initiatives, and by facilitating the deployment of significant capital as part of their $125 billion green business initiative. They work closely with their clients to help them achieve their own environmental and sustainable development goals.



About the Author

Eva Fox

Eva Fox

Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.

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