<ul><li>The Australian Government is introducing low-interest loans to boost the uptake of electric vehicles (EVs).</li><li>The loans will be available for workers earning less than $100,000 per year and essential workers and can be used for new and used EVs up to $55,000, as well as home EV charging equipment.</li><li>Interest rates on these loans will be up to five percentage points lower than standard rates, potentially saving buyers over $8000 on a $40,000 loan over seven years.</li><li>This incentive is aimed at overcoming the upfront cost barrier to EV ownership and driving the next wave of EV adopters in Australia.</li></ul>

Australian Government aims to boost EV uptake with low-interest loans

Discover more