Low-carbon vehicle program offers benefits for employees

Ten years ago, Bank of America launched its Low-Carbon Vehicle Program to provide assistance to employees when purchasing or leasing vehicles with hybrid or electric technology. Our goal is to make it easy and affordable for employees to choose environmentally friendly transportation and to support the clean transportation business sector.

The current program provides a one-time $4000/£3000 reimbursement to U.S. and UK employees for the purchase of a new eligible highway-capable electric or hydrogen fuel cell vehicle and a $2000/£1000 reimbursement for a new lease. More than 11,000 employees have purchased low-carbon vehicles since the program began in 2006.

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