Loans to Access Electric Vehicles

The high cost of electric vehicles (EVs) is a major barrier, especially in underserved communities. Forth's Loans to Access Clean EVs program is designed to break down these financial barriers, ensuring that Justice40 communities—low-income neighborhoods and communities of color—have equitable access to clean transportation options.

• Affordable Financing: The program will co-create a toolkit to help communities develop financing models that reduce the upfront cost of EV ownership for those who often face difficulty securing traditional loans, including gig drivers.
• Community Collaboration: The program will collaborate with local advisory groups, community-based organizations, and lenders to create scalable, region-specific financing models and ensure they meet local needs.
• Maximize EV Infrastructure: By enabling more people to own EVs, the program helps ensure that publicly funded charging infrastructure is utilized to its fullest potential, benefiting Justice40 communities.