Switch to Electric Vehicle with Evoca
Comfort, speed, protection of environment. Evocabank offers loans of up to AMD 50,000,000, repayment period - up to 7 years for purchasing electric cars for personal use.
Annual nominal interest rate is 12%*.
In case you buy in primary market, you will receive up to 80% of the car showroom price of the car.
Loan terms and conditions in more detail can be found visiting the website here or calling 010605555.
What are benefits of electric cars (EVs - electric vehicles)?
Electric cars are more secure and ecologically friendly. Driving an electric car means you care for the environment since EVs emit less pollution harmful for the environment. Electric cars typically are more powerful and stronger than gas cars; due to it they seldom need repair. Unlike traditional gas or diesel cars, you won’t have problems with car engine as well as a need to change engine oil, filter, antifreeze and some other parts.
Electric cars are more suitable for driving short journeys within a town, while stops and engine restart are not a problem for the car and you do not hear any engine noise while driving.
What are the financial benefits of switching to electric car?
In Armenia, import of electric cars is exempt from customs duties and 20% value added tax. So tax and duties exemption will total around 35% of the car price.
When driving an electric car, you are saving money on fuel and in several years the car will pay back itself as its charging costs at least 10 times are lower than those of gas or diesel.
All-electric cars are also exempt from parking charges (red lines).
How can you charge the electric car?
Often drivers don’t buy an electric car because they have no idea how to charge it. EVs can be charged at home, in garage or public charging stations.
In Yerevan, an average driver drives 25 km per day; this means that after a recharge the car battery will last for about a week.
In Armenia, free charging stations may be found both in Yerevan and in all provinces. The charging stations are equipped with electrical transformers for different models of cars. The map of charging stations can be found here.
The only problem linked to EVs recharging may be its duration. If you can recharge the car at home or in your garage, the charging overnight is the best solution. Otherwise the charging may take from one to several hours. Besides, there are a limited number of fast charging stations in Armenia.
Electric cars can be charged using solar batteries which can enhance the country’s energy independence.
Who to apply in case of breakdown?
Recently, EVs-targeted service centers have started their operation in Armenia. Maintenance charges of electric cars are also lower. Besides, there are Armenia-based representative offices of companies manufacturing EVs, which provide warranty, maintenance and other privileges. To date, there are over 600 electric cars in Armenia. With the growth in the number of the cars, the service conditions and facilities will improve as well.
Evocabank keeps introducing products and services in line with international trends contributing to the improvement of the country eco-system.
Videos
Interview with Francis Malige, EBRD Managing Director
Armenians Commemorating 106th Anniversary of Genocide
Biden Under Pressure to Recognize Armenian Genocide - KTLA 5 News
Governance and Oversight Capacities Account for Our Bank's Robust Management System - Philip Lynch, Independent Board Member at Ameriabank
'Mr. President, It Is Now in Your Power to Right Decades of Denial' - US Congressman Adam Schiff Urges Joe Biden to Recognize Armenian Genocide
Armenians of Nagorno-Karabakh in Despair After Trauma of Military Defeat - France 24
Interview with Kakhaber Kiknavelidze, an Independent Member of Ameriabank Board of Directors
Only Terrorists Keep Hostages, Putting Forward Preconditions for Their Release - Edmon Marukyan
Rep Adam Schiff Says Congress Should Recognize Artsakh
UN's Guterres Issues Global Appeal to Make 2021 'Year of Healing'
NASA's Mars 2020 Perseverance Rover Landing Animations
Azerbaijan Uses Prohibited Phosphorus Chemical Munitions - Defense Army Video
Artsakh Defense Army Units Neutralizing Azerbaijani Arms Supplies
Artsakh Defense Army Units Neutralizing Azerbaijani Drone
Nagorno-Karabakh's Status Has Been At the Heart of Our Approach - Zohrab Mnatsakanyan
Artsakh Defense Army Releases Video Featuring Damaged Azerbaijani Military Equipment
Artsakh Defense Army Units Inflicting Manpower Losses on Azerbaijan
Gas Pipeline Damaged in Azerbaijani Fire Targeting Nagorno-Karabakh's Capital
President Armen Sarkissian Meets Emmanuel Macron at Élysée Palace
Artsakh Defense Army Neutralizes Azerbaijani Military Hardware
Artsakh Defense Army Units Neutralizing Azerbaijani Military Infrastructures
President Armen Sarkissian Meets with NATO Secretary-General in Brussels
Buildings and Homes Lying in Ruins in Nagorno-Karabakh's Capital After Azerbaijani Shelling
Artsakh Defense Army's Precision Fire Gives Deadly Blow to Enemy
Artsakh Defense Army Units Destroying Azerbaijani Tank
Zohrab Mnatsakanyan: Ceasefire Does not Mandate Azerbaijan to Kill Civilians and Hit Civilian Settlements
Armenians Protest Outside Turkrish Embassy in Los Angeles
Losses in Azerbaijan's Military Featured in Defense Army Footage
Artsakh Defense Army Neutralizing Adversary's Transport Column
Turkey openly backs Azerbaijan 'far more aggressively than in the past' - ABC News on Syrian mercenaries fighting in Karabakh
Iconic Armenian Church Hit in Azerbaijani Attacks in Nagorno-Karabakh City (photos)
Artsakh Defense Army Continues High-Precision Strikes
War Situation in Karabakh on European Parliament's Agenda
Call for Urgent Action: Armenian Journalist Brings Intn'l Colleagues' Attention to Situation iin Artsakh After Azerbaijani Attacks
Turkey's Support to Syrian Mercenaries Fighting Against Artsakh: Facts About Azerbaijani Aggression
Nagorno-Karabakh's Capital Under Azerbaijani Strikes
Armenian Armed Forces Neutralize Azerbaijani Defense Positions
ArmenianTroops Destroy Azerbaijani Armored Fighting Vehicle on Frontline
There is a solid evidence that Azerbaijan has launched a thoroughly planned attack on the NKR
EU calls for Immediate End to Hostilities over Nagorno-Karabakh
- 15:20 • 24.05.21 Interview with Francis Malige, EBRD Managing Director
- 11:39 • 24.04.21 Armenians Commemorating 106th Anniversary of Genocide
- 09:40 • 23.04.21 Biden Under Pressure to Recognize Armenian Genocide - KTLA 5 News
- 15:34 • 22.04.21 Governance and Oversight Capacities Account for Our Bank's Robust Management System - Philip Lynch, Independent Board Member at Ameriabank
- 14:09 • 21.04.21 'Mr. President, It Is Now in Your Power to Right Decades of Denial' - US Congressman Adam Schiff Urges Joe Biden to Recognize Armenian Genocide
- 12:37 • 03.04.21 Armenians of Nagorno-Karabakh in Despair After Trauma of Military Defeat - France 24
- 17:33 • 11.03.21 Interview with Kakhaber Kiknavelidze, an Independent Member of Ameriabank Board of Directors
- 17:57 • 26.01.21 Only Terrorists Keep Hostages, Putting Forward Preconditions for Their Release - Edmon Marukyan
- 13:33 • 22.01.21 Rep Adam Schiff Says Congress Should Recognize Artsakh
- 09:42 • 29.12.20 UN's Guterres Issues Global Appeal to Make 2021 'Year of Healing'
- 18:41 • 24.12.20 NASA's Mars 2020 Perseverance Rover Landing Animations
- 13:33 • 31.10.20 Azerbaijan Uses Prohibited Phosphorus Chemical Munitions - Defense Army Video
- 16:37 • 30.10.20 Artsakh Defense Army Units Neutralizing Azerbaijani Arms Supplies
- 11:25 • 28.10.20 Artsakh Defense Army Units Neutralizing Azerbaijani Drone
- 13:45 • 24.10.20 Nagorno-Karabakh's Status Has Been At the Heart of Our Approach - Zohrab Mnatsakanyan
- 11:51 • 24.10.20 Artsakh Defense Army Releases Video Featuring Damaged Azerbaijani Military Equipment
- 11:40 • 24.10.20 Artsakh Defense Army Units Inflicting Manpower Losses on Azerbaijan
- 10:39 • 24.10.20 Gas Pipeline Damaged in Azerbaijani Fire Targeting Nagorno-Karabakh's Capital
- 12:41 • 23.10.20 President Armen Sarkissian Meets Emmanuel Macron at Élysée Palace
- 12:16 • 23.10.20 Artsakh Defense Army Neutralizes Azerbaijani Military Hardware
- 12:02 • 22.10.20 Artsakh Defense Army Units Neutralizing Azerbaijani Military Infrastructures
- 10:35 • 22.10.20 President Armen Sarkissian Meets with NATO Secretary-General in Brussels
- 10:51 • 17.10.20 Buildings and Homes Lying in Ruins in Nagorno-Karabakh's Capital After Azerbaijani Shelling
- 15:09 • 15.10.20 Artsakh Defense Army's Precision Fire Gives Deadly Blow to Enemy
- 13:13 • 13.10.20 Artsakh Defense Army Units Destroying Azerbaijani Tank
- 12:56 • 12.10.20 Zohrab Mnatsakanyan: Ceasefire Does not Mandate Azerbaijan to Kill Civilians and Hit Civilian Settlements
- 12:23 • 12.10.20 Armenians Protest Outside Turkrish Embassy in Los Angeles
- 17:23 • 09.10.20 Losses in Azerbaijan's Military Featured in Defense Army Footage
- 15:53 • 09.10.20 Artsakh Defense Army Neutralizing Adversary's Transport Column
- 14:11 • 09.10.20 Turkey openly backs Azerbaijan 'far more aggressively than in the past' - ABC News on Syrian mercenaries fighting in Karabakh
- 15:52 • 08.10.20 Iconic Armenian Church Hit in Azerbaijani Attacks in Nagorno-Karabakh City (photos)
- 10:57 • 08.10.20 Artsakh Defense Army Continues High-Precision Strikes
- 14:24 • 07.10.20 War Situation in Karabakh on European Parliament's Agenda
- 19:31 • 05.10.20 Call for Urgent Action: Armenian Journalist Brings Intn'l Colleagues' Attention to Situation iin Artsakh After Azerbaijani Attacks
- 16:17 • 04.10.20 Turkey's Support to Syrian Mercenaries Fighting Against Artsakh: Facts About Azerbaijani Aggression
- 12:39 • 04.10.20 Nagorno-Karabakh's Capital Under Azerbaijani Strikes
- 13:49 • 03.10.20 Armenian Armed Forces Neutralize Azerbaijani Defense Positions
- 10:12 • 29.09.20 ArmenianTroops Destroy Azerbaijani Armored Fighting Vehicle on Frontline
- 23:42 • 28.09.20 There is a solid evidence that Azerbaijan has launched a thoroughly planned attack on the NKR
- 18:45 • 28.09.20 EU calls for Immediate End to Hostilities over Nagorno-Karabakh
Most popular articles Today Yesterday For a week
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Politics 12:27 • 14/05 I encouraged the two countries to maintain momentum in peace discussions, for the benefit of the people. OSCE Chairman-in-Office “Recently announced border demarcation agreement with Armenia is a step in the right direction. Encouraged the two countries to maintain momentum in peace discussions, for the benefit of the people,” he wrote.
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Law 15:01 • 17/05 Pro-Kurdish leader Demirtas gets 42 years in prison A Turkish court on Thursday sentenced Selahattin Demirtas, the former leader of the pro-Kurdish People's Democratic Party, or HDP, to 42 years in prison for his alleged role in deadly protests in 2014 that were triggered by an Islamic State attack on the Syrian Kurdish town of Kobani.
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Event 12:26 • 17/05 Тhe Vardanyan family call on representatives of the international community to demand for Ruben Vardanyan's and the 22 other Armenian prisoner unconditional release For eight months, the Azerbaijani authorities have flouted international law and human decency by keeping Ruben incarcerated without trial and without any proper process.
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Economy 17:26 • 17/05 Armeconombank has successfully accomplished about 120 projects with international institutions by attracting funds equivalent to about USD 640m. Astghik Manrikyan Currently the Bank cooperates with almost all leading financial institutions, and it managed to accomplish about 120 successful projects aimed at the development of micro, small and medium enterprises.
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Event 12:50 • 17/05 Ucom Celebrates Telecommunication Day The International Telecommunication Union today is a United Nations (UN) agency that coordinates the use of global radio frequencies, advancing telecommunications infrastructure worldwide, and fosters the development of technical standards on a global scale.
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10:21 • 09.05.24 Lukashenko congratulated the RA President
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