1. Home
  2. / Automotivo
  3. / BV boosts financing of electric motorcycles
reading time 2 min read Comments 0 comments

BV boosts financing of electric motorcycles

Written by Corporate
Published 02/04/2024 às 18:48
BV accelerates financing of electric motorcycles
Photo: Laís da Costa

Banco BV leads in vehicle financing, expanding to electric motorcycles with significant growth

BV, highlighted as one of the main private financial institutions in Brazil and a recognized leader in the used vehicle financing segment, has been recording notable progress in the motorcycle financing sector in the last two years. With a 113% increase in the granting of credit for motorcycles between 2021 and 2023, BV surpassed the average market growth, which was 77% in the same period, solidifying its position in the market with a significant increase in its share.

The advancement of electric motorcycles financed by BV

At the forefront of innovations in mobility, BV has directed its efforts to financing electric motorcycles, a segment that is experiencing accelerated expansion in Brazil. The numbers are impressive: in just the first two months of 2024, the volume of financing of electric motorcycles by BV surpassed the total for the year 2022 and was almost four times greater than the total financed in 2023. This upward trend reflects the bank's confidence in the potential for continued growth of this market throughout 2024 and beyond.

The demand for electric motorcycles comes from a diverse audience, including delivery drivers looking for a more economical and ecological transport option, as well as individuals interested in less polluting mobility alternatives for short journeys within urban areas. The portability of batteries, easing the charging process, along with reduced maintenance and fuel costs, and growing environmental awareness, are key factors behind the increased demand for these vehicles.

Democratization of electric mobility

Jamil Ganan, Superintendent of Auto Finance at BV, expresses optimism about the future of electric motorcycles in the country. “We see great potential in this market and believe that electric motorcycles represent a significant opportunity to democratize access to electric mobility in Brazil,” says Ganan. This vision reinforces BV's commitment to supporting the transition to more sustainable transport options, aligning with contemporary demands for mobility solutions that are environmentally friendly, economical and efficient.

With its strategy aimed at electric motorcycle financing, BV not only consolidates its leadership in the vehicle financing market, but also actively contributes to the transformation of the urban mobility scenario in Brazil. Investment in clean, affordable technologies such as electric motorbikes reflects a commitment to both environmental sustainability and innovation in financial services, positioning BV at the forefront of developing mobility solutions for the future.

Source:

Laís da Costa

Register
Notify
guest
0 Comments
Most voted
Last Older
Feedbacks
View all comments
Corporate

CPG Corporate Reports is intended for news about events, projects and announcements from companies in Brazil and the world!

Share across apps
0
We would love your opinion on this subject, comment!x