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Westpac launches loans for EVs and e-bikes

Westpac NZ has launched a new low-interest personal loan to support more New Zealanders to buy a range of electric vehicles, including EVs, e-bikes, e-scooters and e-mopeds. The loan is available at 6.99% per annum, and enables applicants to borrow up to $50,000 for up to five years. Westpac commented that using an e-bike or EV is a great way to reduce greenhouse gas emissions, as more than 80% of New Zealand’s electricity generation typically comes from clean renewable sources, like hydro and wind.


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