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ChargePoint Offers Financing to Spur Installation of EV Chargers – Bloomberg

ChargePoint Inc., the largest operator of charging stations for electric vehicles, is offering a financing program with KeyCorp (KEY) to help businesses and cities install its systems.
The lease-to-purchase program has no upfront costs for customers, Campbell, California-based ChargePoint said today in a statement.
The company’s systems typically cost about $6,000 to $12,000 to buy. The leases offered through KeyCorp average five years to seven years and most will cost about $3 to $6 per day, said Chief Executive Officer Pat Romano. Customers may recoup the expense by charging users or by promoting them as a service to attract business. The arrangement is designed to spur wider deployment of chargers and electric vehicles.


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