THE Fiji Development Bank and the FMF Electric Vehicle Limited have signed a Memorandum of Understanding (MoU) to accelerate the adoption of Electric Vehicles in Fiji to promote sustainable transport solutions, improve access to EV financing and support Fiji’s transition towards a greener and low emission future.
FDB chief executive officer Filimone Waqabaca said the partnership will make electric vehicles more attainable for individuals and businesses by providing tailored financing solutions and awareness initiatives.
He said partnerships like this are critical as no single organisation can drive this transformation alone.
It requires collaboration between financial institutions, private sector innovators, and the wider community.
“Under this agreement FBD will promote its EV loan products and work with FMF EV on marketing initiatives and new financing solutions,” Mr Waqabaca said in a statement.
“FMF EV will showcase its vehicles, run promotions and help raise public awareness about the benefits of public vehicles.”
FMF Group marketing manager Maria Kumar encouraged costumers to see EV as an investment in long term savings, energy efficiency and environmental responsibility.
She said every shift toward electric mobility is a step towards stronger and greener Fiji for all.
The MoU serves as a foundation for future collaboration, with both parties committed to exploring opportunities that align with their shared vision for sustainability and the economic sustainability.
