Essential workers and low- and middle-income earners in Australia will soon have access to government-subsidized loans to purchase electric vehicles, including second-hand models. This initiative aims to make EVs more affordable and encourage their adoption, with potential savings of up to $8,000 on a $40,000 seven-year loan.
Essential workers and low and middle-income earners will be enticed with government-subsidised cheaper loans to take up electric vehicles , including second-hand EVs.
“Discounted finance can lower these barriers and increase access and availability to low emissions transport for more Australians.” “This initiative will play a vital role in helping more Australians make the switch to EVs, which is essential for reducing emissions.” Shalik Kharel says he’s saving more than $80 a week in petrol costs alone after buying an electric vehicle.His previous petrol car cost about $100 a week in fuel, while his electric vehicle costs about $13 to charge.
Electric Vehicles Government Subsidies Loans Essential Workers Clean Energy
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