ACT announces interest-free loans for electric vehicles

The ACT Government has launched zero-interest loans of up to $15,000 for new and used zero-emission vehicles (ZEV).

The announcement is part of the state’s Sustainable Household Scheme and is designed to encourage the uptake of ZEVs.

Shane Rattenbury, Minister for Emissions Reduction, said transport is the largest contributor of greenhouse gas emissions in the ACT.

“The addition of zero emissions vehicles to the Sustainable Household Scheme is another great incentive to support Canberrans to switch to electric vehicles.

“Many Canberrans want to take action on climate change, and these no interest loans for zero emissions vehicles will help people to do this.”

The ACT is already offering two years’ free vehicle registration, and no stamp duty if it is the first ZEV you’ve bought.

Alexandra Kelly, Electric Vehicle Council (EVC) Policy Manager, said the interest-free loan provided by the ACT Government will enable Canberrans to make the switch to an electric vehicle sooner.

“By accessing the loan, consumers will have access to savings from fuel and maintenance now. They will have the choice to go electric, reducing their transport emissions and improving air quality.”

Andrew Barr, Minister for Climate Action, said the goal is to support more Canberra households to share in the benefits of a net zero emissions future, while at the same time creating and protecting good local jobs.

“So far, the scheme has been a great success and we look forward to seeing more Canberrans support the Government’s efforts to reduce emissions without leaving people behind.”

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