American Fintech products launched to push EVs

American Fintech products launched to push EVs  

Mainly to address climate change, Spring Free EV will launch fintech products to accelerate the adoption of electric vehicles.

Led by entrepreneur and former Sidecar founder and CEO Sunil Paul, the company has assumed the bold mission to reduce carbon dioxide emissions by 2030 through a new car financing approach that aims at making these cars more accessible to everyone.

The company has developed strong fleet relationships with a lot of auto manufacturers around the globe, including Nissan and Tesla.

The company also works with fleet managers in six states with plans to expand to 20 American states by the end of 2021.

High upfront costs represent the major barrier, but, if low fuel and maintenance costs are taken into consideration, electric cars will look so affordable, specially for high mileage drivers.