Federal Government provides more funding to support electric vehicle sales

Motor Torque with David Berthon

Fresh from hearing that budget deficits over the next four years are forecast to blow out by another 20 billion dollars comes news the Federal Government will help finance $150 million in low interest loans through the Clean Energy Finance Corporation for workers earning less than $100,000 per year, as well as essential workers such as police officers and teachers, to help them buy an electric car. The media release suggesting the move could save buyers more than $8,000 on a $40,000 loan. According to Minister for Climate Change and Energy Chris Bowen, the discounted loans help remove barriers to ownership helping more Australians drive cars that can save them thousands of dollars a year. EV owners pay no petrol excise to maintain our roads, currently 50.6 cents per litre, so why should they also get a subsidized loan – it’s ridiculous. I’m David Berthon.

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