Low-Interest EV Loans Offered to Workers Earning Less Than $100,000 a Year

The initiative offers up to 5 percent lower interest rates, helping workers save thousands on new and used electric cars.

An image of the Chinese EV brand, Zeekr, recently launched in Australia taken in Brisbane on Nov. 30. 2024. Daniel Y. Teng/The Epoch Times

The Albanese government has unveiled a $150 million (US$93 million) initiative through the Clean Energy Finance Corporation (CEFC) to promote the adoption of electric vehicles (EVs).

Partnering with the Commonwealth Bank, low-interest loans are now available for workers earning under $100,000 annually and essential workers such as teachers, police officers, firefighters, and nurses.