Fuji Electric to Offer Zero-Down / Zero Interest Financing for EV Charging Stations

Fuji Electric Corp. of America announced today that they have partnered with Union Bank and Marlin Leasing Corp. to offer their customers convenient Financing Programs on their DC Quick Charging Stations for Electric Vehicles. The program offers zero-down, zero-interest financing in an effort to offset the cost of equipment and encourage small businesses to install charging stations at their sites.

“We firmly believe that the development of charging infrastructure in the US, particularly publicly available quick charging, is a critical factor in the mass adoption of EVs,” said Larry Butkovich, Fuji Electric’s General Manager for EV Systems. “Drivers need reassurance that they will be able to access charging stations while on the road, and our Financing Program gives businesses the assistance they need to make a business case for the installation of these Quick Charging Stations.”

Fuji Electric’s UL-Certified 25kW DC Quick Charging Station provides a complete charge to EVs in under an hour, making it suited for commercial applications such as hotels, restaurants, retail stores, and public highways/interstates. With over 400 units deployed worldwide, the global manufacturer entered the US market in March 2012, and immediately recognized the hesitation among businesses to invest in this technology. Butkovich adds, “Whether we are working with a large hotel chain or a single-owner convenience store, their questions are quite similar. A ‘Zero-Down, Zero-Interest’ Financing Program eases their concerns about upfront cash outlays and long-term interest payments on capital equipment.”

The Financing Program is currently available to U.S. customers, and is designed to offer quick turnaround time on application reviews to avoid project delays. Customers are assigned a single point of contact within Fuji Electric and Marlin Leasing in order to streamline the process and ensure a smooth, hassle-free experience.

“This program demonstrates our ongoing commitment to our customers and their financial needs by removing the primary roadblock that prevents them from embracing this technology,” said Phil Charatz, Fuji Electric’s President and CEO. “Partnering with well-established companies like Union Bank and Marlin Leasing is a testament to our belief in providing quality products and services that will revolutionize the EV industry and change the way people think about this market.”