Electrified Ways to Work
Low Interest Loans to Go Electric
Low Interest Loans to Go Electric
Low Interest Loans to Go Electric
Forth is collaborating with Metropolitan Family Service (MFS) on the new Electrified Ways to Work program. Addressing the needs of low-income earners, MFS is offering a $5,000 incentive for the purchase of an EV or $500 toward the purchase of an e-bike! Eligible are residents of the City of Portland.
Low-interest loans are available to qualified individuals for the purchase of electric cars, electric motorcycles, and e-bikes in Portland. People who might not otherwise qualify for a loan may be able to purchase a form of electrified transportation through this program. Loans for electric vehicle purchases are offered for up to $12,000.
Program participants receive budget and credit coaching as needed to prepare them for the loan so that Electrified Ways to Work can be a credit-building opportunity. Borrowers pay back loans at a below-market interest rate.
Learn more!
Please reach out to Metropolitan Family Service for details.
E-bikes are an affordable option for personal transportation for commuting to work or school. E-cargo bikes are a viable car alternative for many people, as they can carry passengers and goods. They are also great for delivery workers in population-dense areas.
Point-of-sale rebates for E-bikes are available through the MFS Electrified Ways to Work program.