Overview
- Australia’s Clean Energy Finance Corporation has committed up to $60 million with Hyundai Capital Australia to lower finance costs on selected Hyundai and Kia battery‑electric vehicles.
- Eligible borrowers receive discounts of 0.5 to 1.0 percentage points per annum, with a 1.0 point cut saving more than $1,900 in interest on a $70,000 five‑year loan.
- Only fully electric models priced below the $91,387 Luxury Car Tax threshold qualify, with hybrid and plug‑in hybrid models excluded.
- Novated leases are not eligible, demonstrator vehicles must have under 5,000 km, and the discounted offer cannot be combined with other finance.
- The tightly targeted measure lands as many state rebates have ended and the federal EV fringe benefits tax exemption is under review, with EVs accounting for about 8.3% of 2025 new‑car sales.