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Companies offer incentives to employees to buy EVs.

Companies offer incentives to employees to buy EVs.

  • Aug 9th 22

If you are thinking of buying an electric vehicle but your budget doesn't allow you to do so, a good news awaits you. Buying an electric vehicle can now fetch not just subsidies from your state government but also from your HR department. Yes, you have read it right. 

According to an internal memo of Bank of America, the multinational bank has informed its employees that they will get just under rupees three lakh to buy an EV as part of a new global electric vehicle programme. The subsidy is intended to "help teammates drive positive environmental change in their communities."

Those employees will be eligible who purchase or lease a new all-electric passenger vehicle on or after July 1, 2022. And they "may receive 294,500 for a new purchase or

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