National Australia Bank (ASX:NAB) unveiled a range of incentives and loan products to encourage clients to transition to electric or hybrid vehicles, according to a Thursday statement from the bank.

The offerings are being made through partnerships with an EV distributor and charging infrastructure companies, the bank said.

Aside from discounts, the bank is offering perks such as free charging for a year and sign-up credits. Meanwhile, the loans are meant to help businesses transition their fleet into EVs.

NAB's shares were down past 2% in recent Thursday trade.

Price (AUD): $37.11, Change: $-0.88, Percent Change: -2.32%