Bank of Ireland EV Marketplace Launches as Lending Jumps 46%

Bank of Ireland on June 11 launched an Electric Vehicle Marketplace, a digital platform built with Irish EV specialist Nevo that lets consumers browse models from 16 brands, compare monthly costs under PCP and HP plans, and apply for financing in a single session.

The bank’s 16 motor-brand partnerships accounted for 43% of new EV sales in Ireland through May 2026, according to Bank of Ireland figures. EV-related lending jumped 46% in 2025, a pace that has carried into 2026. Credit and debit card transactions at charging stations rose 84% in May from a year earlier.

The marketplace includes model comparison tools, tailored financing from the bank, and a test-drive scheduler linked to nearby dealerships. It targets what Nevo’s Q2 National Electric Vehicle survey identified as the main hurdle: the initial purchase price. About a third of consumers cite rising fuel costs as a reason to switch.

Simon Andreucetti, Managing Director of Nevo, said two in five Irish adults plan to buy an EV within the next two years. Battery electric vehicle registrations are up more than 50% in 2026 alone. "We are breaking down confidence gaps around costs, suitability, and financing," he said in a statement.

Susan Russell, CEO of Retail Ireland at Bank of Ireland, said the new marketplace equips customers with essential knowledge and financial tools. She pointed to lending trends and charging expenditure data as signs of accelerating demand. The bank has set a €30 billion sustainable lending target by 2030. The EV Marketplace is one of the levers it plans to pull.

The platform shows realistic monthly figures under different finance types and lets users submit applications without leaving the site. It is a market-first solution for Ireland, according to Bank of Ireland.