By: Isabelle Elizondo On: August 29, 2023 In: Comments: 0

The CEFC is continuing to drive electric vehicle (EV) ownership in Australia through a new $40 million investment to provide discounted finance for the retail Green Car Loan offered by Australian non-bank lender, Firstmac.

This latest CEFC investment with Firstmac is expected to finance at least a further 900 EVs, with the discounted finance saving customers between an estimated $1,400 and $2,5001, depending on the size and length of the loan.

The CEFC finance will enable eligible Firstmac customers to benefit from a 0.5 per cent discount for the life of their loan with a further 0.5 per cent discount provided by Firstmac, resulting in a total discount of one per cent compared to the equivalent interest rate charged to Firstmac borrowers buying internal combustion engine (ICE) vehicles.

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