Under this program, customers can benefit from a reduction of 0.5% to 1.0% on their finance rates. For instance, on a $70,000 loan, a 1.0% discount over five years could result in savings exceeding $1,900 in interest payments. The discounted financing is available for new, fully electric vehicles priced below the luxury car tax threshold, currently set at $91,387.
CEFC CEO Ian Learmonth highlighted the significance of this collaboration, stating that it addresses one of the primary barriers to EV adoption: the initial purchase price. By offering more affordable financing options, the partnership is expected to accelerate the transition to cleaner transportation solutions in Australia.
In 2025, Australia saw a record addition of 156,000 EVs to its roads, with December alone accounting for a 16.7% market share in EV sales. This upward trend underscores the growing consumer interest in sustainable vehicle options.
For potential buyers, this partnership not only offers financial benefits but also aligns with the broader goal of reducing transport-related emissions. As the automotive industry continues to evolve, such initiatives play a crucial role in facilitating the shift towards environmentally friendly transportation.
