Australia News

Australia’s ‘Green Bank’ Commits $100 Million to Drive Electric Vehicle Uptake

Consumers who buy an EV will be given a 1 percent loan discount on eligible cars.
Australia’s ‘Green Bank’ Commits $100 Million to Drive Electric Vehicle Uptake
Illustration by The Epoch Times, Shutterstock
Monica O’Shea
|Updated:
0:00

Australia’s Clean Energy Finance Corporation (CEFC) will invest $100 million to encourage  Australians and businesses to switch to electric vehicles (EVs).

The push comes as Australia grapples with a significant fuel crisis, with hundred of petrol stations reportedly running out of supplies.

Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]