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Home » Opinion: Lofty domestic EV goals poised to change lenders’ product sets

Opinion: Lofty domestic EV goals poised to change lenders’ product sets

The Biden Administration’s recent executive order sets a 50% sales target on EVs by 2030

Joey PizzolatobyJoey Pizzolato
August 13, 2021
in Risk Management
Reading Time: 3 mins read
0
Residual Risk Is Top Concern for EV ABS Pools

© Can Stock Photo / PongMoji

Last week, President Joe Biden signed an executive order with the goal that roughly 50% of all new vehicles sold by 2030 in the United States would be electric, hydrogen-fuel cell or plug-in hybrid, a move that will likely change the auto finance industry and lenders’ product sets. Already, there seems to be two schools […]

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Tags: electric vehiclesFord CreditGM FinancialJoe BidenPremiumTesla
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