Absa considers a combined solar, EV finance package, should domestic market grow

Absa is mulling the roll-out of a finance mechanism for electric vehicles (EVs) that will incorporate a solar home installation to charge that vehicle, says Absa Vehicle and Asset Finance (AVAF) business analytics and strategy head Henry Botha. However, before that can happen, South Africa’s EV car park needs to grow significantly, providing economies of scale to the banking sector for EV financing solutions.