Startups draw on data-driven insights to slash the… | Canary Media

Tenet and Treehouse are crunching the numbers to offer EV buyers cheaper financing and home charging equipment.

Most U.S. car buyers aren’t getting a fair deal on the loans they take out to buy EVs, according to Alex Liegl, co-founder and CEO of electric-vehicle financing startup Tenet — and he’s got the data to back it up. For example, why don’t loans take into account the federal tax credits and state and utility incentives you get when you buy an EV? That money might not reach the buyer until a year or more after the purchase, but it does make it more likely that they will keep up with their monthly payments. EVs also cost less to fuel and maintain than gasoline-fueled vehicles, which lowers the…

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