Connect with us

Finance

Bank of America Becomes First National Bank to Let Customers Finance Chargers With Their EVs

Published

on

Bank of America Becomes First National Bank to Let Customers Finance Chargers With Their EVs

Picture: Christopher Furlong

As electrical automobiles achieve traction within the U.S., increasingly corporations want to make the patron transition to electrification simpler. Some corporations are making some shocking strikes, like Financial institution of America. The financial institution has introduced that it’s going to enable clients to bundle financing of EVs and chargers to make EV possession simpler. That makes BofA the primary nationwide financial institution to supply such a program.

Underneath the plan, clients in search of auto financing for his or her EVs can go to Financial institution of America and finance each their EV and their charger collectively. Fabien Thierry, head of Shopper Car Merchandise for the financial institution, stated it’s all about making EV possession simpler and making the transition to EVs extra interesting. “We goal to assist folks ‘go electrical’ by offering financing for this essential accent, which permits shoppers to cost their automobiles in their very own properties and at handy occasions,” he stated.

Advertisement

It’s a welcome program, as each little bit helps. EV chargers aren’t low-cost. Degree 1 prices may be had below $1,000, however labor alone can value practically double the value of the charger itself; sooner chargers can value properly over $1,000. And none of this takes under consideration the potential value if your house must be rewired to deal with the charger. It may be a giant funding.

Fabien Thierry additionally said to Automotive Information that he believes the financial institution is “among the many first” to supply a program like this. “Financial institution of America has been supporting the electrification, and we’ve been saying that we need to be one of many EV financing leaders,” he stated. He’s proper.

Whereas states like Vermont and California have applications that may assist folks pay for or finance EV chargers, nobody has thought to bundle the financing of an EV along with a charger. Small regional banks and credit score unions supply EV financing that some declare is particular, however it’s exhausting to find out simply what makes their EV financing totally different from common automobile financing.

Whereas Financial institution of America identified in its launch that it has been taking actions to assist customers transition to EVs — like partnering with Polestar and Lucid to arrange their in-house finance corporations — there was one lingering query I had: can customers simply finance an EV charger alone, or can they solely do this at the side of EV financing? I reached out to Financial institution of America for extra data.

Advertisement

A rep for the corporate knowledgeable me that the bundling of the EV and charging may be performed if a seller participates of their program. Prospects additionally received’t be capable of simply finance an EV charger alone. You may solely finance the value of the EV charger if it’s performed with an EV.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Finance

Superlon Holdings Berhad Third Quarter 2025 Earnings: EPS: RM0.019 (vs RM0.025 in 3Q 2024)

Published

on

Superlon Holdings Berhad Third Quarter 2025 Earnings: EPS: RM0.019 (vs RM0.025 in 3Q 2024)
  • Revenue: RM31.3m (up 2.7% from 3Q 2024).

  • Net income: RM3.02m (down 23% from 3Q 2024).

  • Profit margin: 9.7% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses.

  • EPS: RM0.019 (down from RM0.025 in 3Q 2024).

KLSE:SUPERLN Earnings and Revenue History March 23rd 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Superlon Holdings Berhad shares are up 5.2% from a week ago.

What about risks? Every company has them, and we’ve spotted 2 warning signs for Superlon Holdings Berhad you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Advertisement
Continue Reading

Finance

What the Fed’s forecasts could mean for REITs

Published

on

What the Fed’s forecasts could mean for REITs

Investors could turn to REITs (Real Estate Investment Trusts) as a counter to market volatility and economic uncertainty.

Wedbush Securities managing director of Equity Research and REITs Richard Anderson sits down with Catalysts host Madison Mills and StoneX senior adviser Jon Hilsenrath to speak more about how the Federal Reserve’s interest rate forecast and economic projections could affect the REITs landscape.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

Continue Reading

Finance

The rise of Israel's finance minister Bezalel Smotrich

Published

on

The rise of Israel's finance minister Bezalel Smotrich

A look at the rise Israel’s finance minister who has become perhaps the most influential man in the country, alongside Prime Minister Benjamin Netanyahu.



MARY LOUISE KELLY, HOST:

Israel’s finance minister has become arguably the most influential man in the country, alongside Prime Minister Benjamin Netanyahu. He’s an ultranationalist and a West Bank settler who has repeatedly called for Israel to resettle the Gaza Strip. He has threatened to collapse Netanyahu’s government if the war in Gaza ends. And this week, the war resumed after a 42-day ceasefire ended with Israeli strikes that killed more than 400 Palestinians. NPR’s Hadeel Al-Shalchi looks into his rise to power in Israel.

HADEEL AL-SHALCHI, BYLINE: Israeli Finance Minister Bezalel Smotrich was once a wanted man by Israel’s version of the FBI. In 2005, Israel was rocked by mass protests. Israeli settlers were demonstrating against the removal of Jewish settlements from Gaza. At the time, Dvir Kariv was an agent with Israel’s internal security agency, the Shin Bet.

Advertisement

DVIR KARIV: (Non-English language spoken).

AL-SHALCHI: Kariv says late on July 11, 2005, they raided a home in central Israel.

KARIV: (Non-English language spoken).

AL-SHALCHI: He says, in the basement, we found several jerry cans filled with a lot of oil and fuel.

KARIV: (Non-English language spoken).

Advertisement

AL-SHALCHI: They arrested five people there. One of them was a student called Bezalel Smotrich. Kariv says the men were interrogated for 3 1/2 weeks.

KARIV: (Non-English language spoken).

AL-SHALCHI: “From the Shin Bet’s perspective, we successfully thwarted what Bezalel Smotrich and his group had planned,” Kariv says. While he says he can’t divulge what that was, Israeli media has reported that Smotrich and his group were planning to blow up a major Israeli highway. Smotrich remained completely silent during his interrogations and was released without charge. He did not give away his secrets, but later, as a politician, he spoke a lot about what drives his political motivations.

(SOUNDBITE OF ARCHIVED RECORDING)

BEZALEL SMOTRICH: (Non-English language spoken).

Advertisement

AL-SHALCHI: “My long-term desire is for the state of Israel to be governed according to the Torah or Jewish holy scripture,” he once told Israeli radio.

Smotrich is an ultranationalist religious Zionist, a type of Judaism that branched out from the secular Zionist movement that founded Israel. While many ultrareligious Jews historically rejected the Zionist movement, a minority accepted it. Many of them embraced the settlement movement after Israel took control of the West Bank and Gaza Strip in the war of 1967. Tomer Persico is a scholar of Jewish extremism.

TOMER PERSICO: The more Jews settle the lands that the state of Israel has conquered, the more redemption is coming close. So it’s a Messianic movement – very motivated, pious and devoted religion.

AL-SHALCHI: Persico says Smotrich is on the far right of the spectrum of religious Zionism, also known as ultra-Orthodox nationalists, who follow Jewish law and reject values like feminism, liberalism and LGBTQ rights. Smotrich and his followers believe that the Israeli-occupied West Bank is the Jewish people’s ancestral home featured in the Bible, a God-given land they must make a permanent part of Israel.

Smotrich, a lawyer, was first elected to parliament in 2015. Two years later, he wrote a manifesto called “Israel’s Decisive Plan.” In it, he writes how to tackle the main obstacle to settling the West Bank – the Palestinians.

Advertisement

PERSICO: Smotrich gives the Palestinians basically three options – emigrate, surrender and live as, let’s say, subjects without the right to vote, or fight and die.

AL-SHALCHI: Only a few years later, Smotrich became the leader of the Religious Zionist Party. Ohad Tal is a lawmaker in Smotrich’s party.

OHAD TAL: I think that he’s a very clever and smart person who understands the reality. He’s presented as somebody radical because people find it hard to accept the truth.

AL-SHALCHI: Smotrich was perfectly poised for what happened in the most recent Israeli national election. Prime Minister Benjamin Netanyahu won and looked for allies to form a coalition, but he’s facing trial on corruption charges. Persico says Netanyahu was desperate.

PERSICO: He didn’t have anyone else. Because of his ongoing trial, people said they would not sit in parliament with him.

Advertisement

AL-SHALCHI: The only parties that would agree to form a government with Netanyahu were the ultra-Orthodox and religious Zionists, including Smotrich’s party. Netanyahu formed a coalition with them, giving them more power than they had ever had before. The prime minister appointed Smotrich as finance minister and to the Ministry of Defense. Jewish extremism scholar Persico.

PERSICO: And in that position, he has basically taken over the civil management of settlers in the occupied territories, meaning he is on the verge of official annexation.

AL-SHALCHI: After the October 2023 attacks on Israel, Netanyahu called on Smotrich to be part of his war cabinet. The finance minister reached for his faith.

(SOUNDBITE OF ARCHIVED RECORDING)

SMOTRICH: (Non-English language spoken).

Advertisement

AL-SHALCHI: “I struggled with this decision and gathered my rabbis to consult with them. After all, I want to influence the war,” he told a group of religious students last year in a video posted online.

Smotrich is reported to regularly consult with a group of rabbis known as the Five. Rabbi Yehoshua Shapira is one of them. He has opposed a hostage deal.

(SOUNDBITE OF ARCHIVED RECORDING)

YEHOSHUA SHAPIRA: (Non-English language spoken).

AL-SHALCHI: “There is joy that hostages will return, but despite that joy, this is a very bad deal for Israel,” Shapira said in an online lecture.

Advertisement

Persico says Smotrich’s faithful devotion is evident every time he threatens to collapse Netanyahu’s coalition if the war doesn’t continue in Gaza, where he ultimately wants to see Jewish settlements rebuilt.

PERSICO: He is the primal force that is withholding the end of the war.

AL-SHALCHI: Smotrich has leveraged this power to further settler ambitions in the West Bank. Just days after Israel paused the war in January and agreed to a deal with Hamas for the release of hostages, Netanyahu ordered the escalation of incursions in the West Bank, causing massive destruction in urban refugee camps and displacing thousands of Palestinians. Israel says it’s to weed out Palestinian militants.

PERSICO: It’s very feasible to say this is just a card Netanyahu gave Smotrich in order to appease him when going into the hostage deal.

AL-SHALCHI: Smotrich was sidelined under President Biden’s administration for his anti-Palestinian rhetoric, and in Israel, polls show that he would not survive another election. Only 11% of the Israeli population voted for Smotrich’s party in the last elections in 2022. This month, Smotrich was invited to Washington, D.C., to meet with his counterpart in President Trump’s administration.

Advertisement

(SOUNDBITE OF ARCHIVED RECORDING)

SMOTRICH: (Non-English language spoken).

AL-SHALCHI: Smotrich rarely gives interviews to U.S. Western media. This month, he gave his first press conference since his trip to the U.S., and I posed a question to him.

(SOUNDBITE OF ARCHIVED RECORDING)

AL-SHALCHI: I have two questions. Do you know anything about…

Advertisement

I ask him about plans for the annexation of the West Bank. Smotrich objects to the word annexation.

(SOUNDBITE OF ARCHIVED RECORDING)

SMOTRICH: (Non-English language spoken).

AL-SHALCHI: “Annexation implies taking something that isn’t yours,” the minister says. “Judea and Samaria” – the biblical name for the West Bank – “belongs to us.”

Trump told reporters his administration would announce its position on West Bank annexation by early March. That date has passed.

Advertisement

(SOUNDBITE OF ARCHIVED RECORDING)

SMOTRICH: (Non-English language spoken).

AL-SHALCHI: Smotrich says, “Israel and the U.S. are in dialogue about it, and I prefer not to go into details.” I reply…

(SOUNDBITE OF ARCHIVED RECORDING)

AL-SHALCHI: Is Trump the man who will make it happen for you? Will he support you to make it happen?

Advertisement

SMOTRICH: (Non-English language spoken).

AL-SHALCHI: “We believe this is the right thing to do,” he says. “We’re engaged in discussions and dialogue.”

So while Smotrich firmly believes he has God’s mandate to take over the West Bank, the question is whether he also has Trump’s blessing.

Hadeel Al-Shalchi, NPR News, Jerusalem.

(SOUNDBITE OF MUSIC)

Advertisement

Copyright © 2025 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

Continue Reading

Trending