Cheaper Loans on the Way for Hyundai and Kia EV Buyers

The Clean Energy Finance Corporation will commit up to $60 million to provide discounted finance of between 0.5 and 1.0 percent for eligible EV models.
Cheaper Loans on the Way for Hyundai and Kia EV Buyers
A Hyundai Motor electric car Ioniq 5 is displayed at the World Climate Industry Expo in Busan, Korea, on Sept. 4, 2024. Anthony Wallace/AFP via Getty Images
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The Labor government has unveiled a new push to make electric vehicles cheaper for Australian consumers by partnering with Korean carmaker Hyundai.

Under a new initiative, the government-owned Clean Energy Finance Corporation (CEFC) will commit up to $60 million (US$42 million) in partnership with Hyundai Capital Australia to provide discounted finance of between 0.5 and 1.0 percent for selected Hyundai and Kia EV models.

Naziya Alvi Rahman
Naziya Alvi Rahman
Author
Naziya Alvi Rahman is a Canberra-based journalist who covers political issues in Australia. She can be reached at [email protected].