Finance Australia :: News
SHARE

Share this news item!

CEFC and Hyundai Capital Collaborate to Make EV Loans More Affordable

New Partnership Aims to Accelerate Australia's Transition to Electric Vehicles

CEFC and Hyundai Capital Collaborate to Make EV Loans More Affordable?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The Clean Energy Finance Corporation (CEFC) has announced a significant partnership with Hyundai Capital Australia (HCAU), committing up to $60 million to make electric vehicle (EV) ownership more accessible for Australians.
This initiative is designed to reduce the upfront costs associated with purchasing EVs, thereby encouraging more households and small businesses to transition to cleaner transportation options.

Under this program, eligible customers can benefit from a reduction in their finance rates by a minimum of 0.5% and up to 1.0% across Hyundai and Kia's range of eligible EVs. For instance, on a loan of $70,000, a 1.0% interest rate discount over five years could result in savings exceeding $1,900 in interest costs. This financial incentive is available for new, fully electric vehicles priced below the luxury car tax threshold.

Donglim Shin, Chief Executive Officer of Hyundai Capital Australia, highlighted the importance of this collaboration, stating that the partnership with CEFC allows them to offer discounted finance on eligible Hyundai Motor Group EVs, making electric vehicle ownership more achievable for Australian customers.

This initiative aligns with Australia's broader goals of reducing carbon emissions and promoting sustainable transportation. By lowering the financial barriers to EV ownership, the CEFC and HCAU are playing a pivotal role in accelerating the adoption of electric vehicles across the country.

For consumers considering the switch to electric vehicles, this partnership offers a timely opportunity to take advantage of reduced financing costs, making EVs a more viable and attractive option in the current automotive market.

Published:Monday, 2nd Mar 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

APRA's New Cap on High Debt-to-Income Home Loans Explained
APRA's New Cap on High Debt-to-Income Home Loans Explained
02 Mar 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending. This measure applies to both owner-occupiers and investors, with an exemption for new housing developments. - read more
Australia's Household Debt: A Global Perspective
Australia's Household Debt: A Global Perspective
02 Mar 2026: Paige Estritori
Recent data reveals that Australia's household debt has escalated to 182% of disposable income, positioning the nation as having the second-highest household debt globally. This significant figure underscores the growing reliance on borrowing among Australian households, particularly in the realm of mortgage lending. - read more
RBA's Advisory on Prudent Lending in a Changing Economic Landscape
RBA's Advisory on Prudent Lending in a Changing Economic Landscape
02 Mar 2026: Paige Estritori
The Reserve Bank of Australia (RBA) has issued a cautionary note to financial institutions, advising them to maintain prudent lending practices despite improvements in borrower financial health. Recent data indicates that the proportion of mortgage holders spending more than they earn has decreased to approximately 3%, down from 5% in mid-2024. This improvement is attributed to factors such as tax cuts and easing inflation. - read more


Finance Articles

An Insider's Guide to Enhancing Your Credit Profile for Any Loan
An Insider's Guide to Enhancing Your Credit Profile for Any Loan
Having a robust credit profile is one of the most critical factors for financial health, especially when seeking loans in Australia. Whether you're eyeing a new car, dreaming of a home or simply want to secure a personal loan for unexpected expenses, your credit score often dictates the outcome. Not only does it influence a lender's decision to offer you finance, but it also affects the interest rates you might be charged. - read more
Online Home Loan Calculators: How to Use Them in Your Loan Comparison
Online Home Loan Calculators: How to Use Them in Your Loan Comparison
Welcome to the world of savvy home financing! Whether you’re a first-time homebuyer or seasoned investor, navigating the ocean of home loan options can be daunting. In this digital era, one tool stands out for its effectiveness in simplifying this journey: the online home loan calculator. - read more
The Great Debate: Pros and Cons of Refinancing Your Home Loan
The Great Debate: Pros and Cons of Refinancing Your Home Loan
In recent years, refinancing has emerged as a popular financial strategy for many Australian homeowners. With the housing market's dynamic nature and fluctuating interest rates, more people are considering the benefits of refinancing their home loans. This trend is not surprising, as refinancing can potentially reduce monthly payments, secure lower interest rates, and assist with debt consolidation. - read more


Free Loan Eligibility Assessment

Loan Amount:
Postcode:

All quotes are provided free and without obligation by a specialist from our national broker referral panel. See our privacy statement for more details.


Knowledgebase
Debt Consolidation:
The process of combining multiple debts into a single loan with a lower interest rate or more favorable terms.