Green vehicle financing – one road that can help lead to a sustainable future
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Feb 2, 2022
Presented by CIBC

CIBC is accelerating climate action with a suite of programs and initiatives aimed at supporting Canadians

With electric vehicles typically offering higher upfront costs, CIBC seeks to aid the consumer with a host of green initiatives.

CIBC is accelerating climate action with a suite of programs and initiatives aimed at supporting Canadians

This article is partner content presented by CIBC.

Consumer trends suggest that people want to live more sustainably, but more needs to be done to identify changes needed and help people switch to products with lower carbon footprints. 

To support this shift, CIBC is focused on accelerating climate action as part of its ESG strategy and is offering clients a number of solutions to help the transition to a low carbon economy, including incenting electric vehicle (EV) purchase.

Today CIBC offers a Green Vehicle Program which includes favourable and flexible financing options to clients looking to purchase an EV and support for climate conscious organizations. 

The bank is offering up to 96 month maximum term loan financing streams for green vehicles  — including hybrid-electric, plug-in hybrid, battery electric and fuel cell — for new and used vehicles from 2019 model year onwards.

In addition, CIBC donates $25 to the Nature Conservancy of Canada (NCC) for every loan booked through the Green Vehicle Program.

“We wanted to provide something more meaningful than just a great rate to environmental conscious clients buying green vehicles,” said Stephanie Lamb, group product manager, CIBC Auto Lending. “With the donation to the Nature Conservancy of Canada, we are taking action to promote sustainability in a measurable and meaningful way.” 

In addition to helping get more Canadians in the driver’s seats of zero emission vehicles, CIBC offers a wide range of loan options for business that companies could apply to building out corporate or commercial charging infrastructure, if they choose.

From green vehicle incentives to business loans that offer companies an array of options to finance plans to meet their own sustainability goals, CIBC is committed to supporting the effort to promote the transition to electric vehicles as part of a drive towards a sustainable future.

To learn more, visit CIBC’s Climate Centre.

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