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australia’s-‘green-bank’-commits-$100-million-to-drive-electric-vehicle-uptake
Australia’s ‘Green Bank’ Commits $100 Million to Drive Electric Vehicle Uptake

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

Last updated: April 1, 2026 3:48 pm
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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

Monica O’Shea

4/1/2026|Updated: 4/1/2026

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.

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