Hybrid, Plug-In Hybrid Electric & Electric Vehicle Loans
More than 260 million vehicles consume millions of barrels of petroleum every day in the United States. On-road passenger travel alone accounts for more than 2.6 trillion vehicle miles traveled each year.
Vehicle emissions can be divided into two general categories: air pollutants, which contribute to smog, haze, and health problems; and greenhouse gases (GHGs), such as carbon dioxide and methane.
You can help reduce these harmful emissions and make your drive time greener by purchasing a hybrid or electric-powered vehicle. Not only that, but Alpine Bank will take .5 percent off your loan interest rate when you qualify for a loan for a hybrid, plug-in hybrid or electric vehicle. With the purchase of a new environmentally friendly vehicle, you might also qualify for state and federal tax credits and incentives.
Data Source: Alternative Fuels Data Center, U.S. Department of Energy