Ways to Work – Electric Vehicle Program
Did you know that on average, the cost to power a vehicle by electricity is half the cost per mile to power it by gasoline? And that switching to an electric vehicle can reduce your carbon footprint by up to 50%? The popularity of electric cars is on the rise and we here at MFS are responding by adjusting our Ways to Work program to be more welcoming to electric cars and bikes (EVs). We provide loans up to $12,000 at a below market interest rate and help participants navigate the rebates available when you purchase an electric car. Low-income Oregonians may be eligible for up to $7,500 in rebates and we know this can go a long way to buying a car. In addition we offer loans for ebikes and help people find the ebike that is the best fit for them.