Genie Financial Services (Genie), a wholly owned subsidiary of Carro, has launched a green car financing programme to assist private-hire vehicle (PHV) drivers to transition to hybrid or electric vehicles (EVs). Under Genie’s GoGreen initiative, PHV operators can apply for financing to buy new or used hybrid or EV at a lower interest rate of 1.98 per cent annually for up to 100 months.
Drivers with existing car loan who switch to hybrid or electric vehicles will be eligible for a SDG200 rebate. The programme was created in order to increase the number of EVs on Singapore’s roads in order to promote green urban mobility services.
