To help consumers navigate the electric vehicle purchase decision, Chase, the U.S. consumer and commercial banking arm of JPMorgan Chase, launched a website dedicated to helping consumers learn about, find and purchase electric and hybrid vehicles.
Although car buyers show increasing interest in electric vehicles, a recent Consumer Reports survey found that just 9% of respondents described themselves as “very familiar” with the novelties of owning and driving one. “The electric vehicle landscape is complex and quickly evolving,” said Jamie Jones, general manager of luxury and electric brands at Chase, in an email. “We created the EV Education Center to address the common questions consumers have about moving to an EV or hybrid.”
Frequently asked questions on the website address how and where to charge EVs at home, EV maintenance and insurance costs, and how far a typical electric vehicle can go before needing a recharge.
The average selling price of an electric vehicle is almost $67,000, according to Kelley Blue Book. Jones said Chase’s goal is to give consumers the digital tools and resources they need to make an informed buying decision. Links to online shopping and financing options are available on the site, along with information about available rebates, discounts and tax incentives.
Chase also announced that it will install public electric vehicle charging stations at 50 of its U.S. branches this summer, which will be powered by 100% renewable energy. Jones said that bringing fast chargers to the branches will benefit customers, employees and local communities. The bank expects to have all stations available for use by the summer of 2023, he said.