Product11 November 20212 minute read

Plenti launches into fast-growing electric vehicle market

Plenti Group Limited (Plenti) is pleased to announce its strategic entry into the fast-growing electric vehicle (EV) financing market, helping to make the transition to EV ownership easier and more affordable for Australians.

woman standing by dog with electric vehicle charging

A new financier has entered the EV world.

  • Plenti is launching a suite of innovative EV finance products and tools, featuring highly attractive pricing and unique add-on features to help Australians transition to EV ownership
  • Plenti has entered into a financier agreement with an EV manufacturer, allowing customers to select Plenti finance when purchasing their vehicle online
  • Plenti’s EV finance will also be distributed via its existing direct and broker channels, with rates at least 0.5%p.a. less than Plenti’s existing highly competitive car loan rates
  • To support its EV ambitions, Plenti is well-advanced in establishing with a major bank a new automotive warehouse facility that will have a dedicated and cost-effective EV tranche (a structure Plenti believes to be an Australian first)
  • Plenti’s launch into the EV market is highly complementary to its fast-growing household renewable energy finance business, and allows it to provide customers with a one-stop-shop when financing their energy and transport future
  • Highly attractive rates for EV loans – at least 0.5%p.a. less than Plenti’s existing highly competitive car loan rates 
  • The ability to borrow additional amounts to purchase EV-related infrastructure (including chargers, downloadable vehicle upgrades and other accessories) at establishment or during the term of the loan; 
  • Access to discounted EV-specific insurance, featuring battery and charger damage cover; 
  • Access to an EV buying service, helping borrowers to learn more about the benefits of EVs, and to find and compare prices quickly and easily; and 
  • A comprehensive online content portal (see providing information about EVs, including how to apply for government subsidies and clarifying common misconceptions in relation to ownership cost, range capacity and charging access

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Written byTeam Plenti
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