Bank of Ireland has launched what it describes as Ireland's first dedicated electric vehicle marketplace, developed in partnership with Nevo, combining vehicle research, financing options and dealership connections in a single digital platform, as reported by ThinkBusiness. The launch forms part of the bank's broader sustainable finance strategy, underpinned by a target to reach €30 billion in sustainable lending by 2030.

ThinkBusiness reported that the platform allows consumers to browse models, compare specifications and pricing, arrange test drives and complete finance applications without leaving the marketplace. The initiative comes as Bank of Ireland's EV lending grew by 46% in 2025, with growth continuing into 2026.

The bank's 16 motor brand partnerships accounted for 43% of all new EV sales in Ireland year to date to May 2026. Spending on EV charging recorded through Bank of Ireland credit and debit card data rose by 84.53% in May 2026 compared to the same period the previous year.

Susan Russell, CEO, retail Ireland at Bank of Ireland, said the bank's EV lending figures and consumer spend on EV charging point in one direction, and added: "Our unique Electric Vehicle Marketplace is about maintaining that momentum, giving customers the tools, knowledge and financial support to make the switch with confidence."

Russell also noted that the launch would strengthen the bank's position in sustainable finance, deepen customer relationships and place it at the centre of Ireland's electric vehicle ecosystem, in line with its strategy to reach the €30 billion sustainable lending target through innovative solutions and financial choice.

Simon Andreucetti, managing director of Nevo, said two in five Irish consumers plan to buy an electric vehicle within the next two years, and that battery electric vehicle registrations are already up over 50% in 2026. He noted that the barrier has always been consumer confidence in understanding costs, finance options and vehicle choice, and described the partnership as a solution to those concerns.

The platform offers guidance on EV ownership, running cost comparisons and financing options including personal contract plans and hire purchase agreements, with real-time monthly pricing. Research from Nevo's latest national survey identified upfront cost as the biggest deterrent to EV adoption, with one in three respondents citing recent fuel price increases as a major factor in their decision to switch.

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