Bank of Ireland launches Ireland’s first EV Marketplace

Bank of Ireland has launched Ireland’s first dedicated Electric Vehicle Marketplace, designed to make it easier for consumers to research, compare and finance electric vehicles as demand for EVs continues to grow.

Developed in partnership with Nevo, Ireland’s dedicated electric vehicle platform, the new digital marketplace provides a one-stop destination for consumers considering the switch to electric motoring.

The launch comes amid strong growth in EV adoption across Ireland. Bank of Ireland reported that its EV lending increased by 46% during 2025, with momentum continuing into 2026. The bank’s network of 16 motor brand partnerships accounted for 43% of all new EV sales in Ireland during the year to May 2026.

Accessible through the Bank of Ireland website, the marketplace combines educational resources, vehicle comparison tools and integrated finance options, allowing customers to explore available models, compare costs and arrange test drives with participating dealerships.

The platform aims to simplify what can often be a complex purchasing process by bringing together trusted information, financing solutions and dealer access in a single digital environment.

Further evidence of growing EV adoption can be seen in Bank of Ireland’s latest spending data. The bank reported that spending on EV charging increased by 84.5% in May 2026 compared with the same month last year, reflecting a significant rise in electric vehicle usage.

Susan Russell, CEO, Retail Ireland, Bank of Ireland, said: “Our electric vehicle lending figures and the consumer spend on EV charging all point in one direction – the drive towards electric vehicles is accelerating. Our unique Electric Vehicle Marketplace is about maintaining that momentum, giving customers the tools, knowledge and financial support to make the switch with confidence.

“This launch will also help us play an even stronger role in building a more sustainable future. As part of our strategy, we have set a target to reach €30 billion in sustainable lending by 2030. Getting there will require innovative solutions and unrivalled financial choice that meets our customers’ needs now and for generations to come.”

She added: “This market-first, one-stop shop for customers to explore, compare and finance electric vehicles strengthens our leadership in sustainable finance, deepens customer relationships, and positions us at the centre of Ireland’s electric vehicle ecosystem.”

Research from Nevo suggests that consumer appetite for electric vehicles continues to strengthen. Its latest national EV survey found that one in three consumers now cite rising fuel prices as a key factor driving their interest in switching to electric vehicles. However, the upfront purchase cost remains the biggest barrier to adoption.

The new marketplace has been designed to address these concerns by providing greater transparency around vehicle pricing, ownership costs and available finance options.

Simon Andreucetti, Managing Director at Nevo, said: “Two in five Irish consumers plan to buy an electric vehicle within the next two years, and battery electric vehicle registrations are already up over 50% in 2026 alone. The appetite is clearly there.

“The barrier has always been confidence; confidence in understanding the costs, the finance options, and which vehicle is right for the customer. That’s exactly what the Bank of Ireland and Nevo partnership solves.”

Andreucetti said the platform enables consumers to browse vehicles from all major manufacturers, compare monthly payments across personal contract purchase (PCP) and hire purchase (HP) products, and complete finance applications through a single integrated journey.

The launch highlights the growing role that lenders are playing in supporting the transition to electric mobility, combining financing solutions with digital tools designed to improve consumer understanding and confidence. As EV registrations continue to rise, initiatives such as the Bank of Ireland EV Marketplace are expected to help accelerate adoption by making the purchasing process more accessible and transparent.