Hundreds of Australian motorists will be able to access cheaper loans for electric vehicles as part of a $20.5 million investment by the Clean Energy Finance Corporation.
The cash injection announced on Nov. 28, will be used to fund more than $100 million of loans on battery electric and plug-in hybrid vehicles through Taurus Motor Finance.
The discounted offers could see car buyers save hundreds of dollars over the course of a loan for vehicles priced under $90,000.
The announcement comes just days after tax cuts were approved to lower the price of some electric vehicles in a deal between the Albanese government, the Greens and Senator David Pocock and weeks after the National Electric Vehicle Strategy consultation paper received more than 500 submissions….