Angle Auto Finance revs up EV availability for Aussie drivers
Floorplan finance to get more EV models into showrooms
An innovative wholesale financing arrangement seeks to drive new electric vehicles (EVs) onto Australian roads by speeding up the turnover and recycling of credit for major vehicle dealer and supplier networks, as well as providing discounted consumer finance.
$50 million
CEFC finance
Increasing
electric vehicle availability
Consumer
and supplier benefits
This innovative transaction is the first known floorplan finance arrangement specifically targeting supply issues, one of the major barriers to the growth of Australia’s EV market.Richard LovellHead of Debt Markets, CEFC
Our investment
The CEFC has committed up to $50 million with Australia’s largest independent retail auto financier Angle Auto Finance (AAF) to accelerate Australia’s switch to electric vehicles.
The CEFC commitment sits alongside a committed senior facility from NAB and a mezzanine facility from alternatives investment manager Regal Private Credit Opportunities Fund.
AAF, a portfolio company of Cerberus Capital Management, provides floorplan finance to vehicle dealerships across Australia, and consumer and commercial vehicle finance to the customers of those dealerships.
The CEFC commitment supports floorplan finance, which aims to speed the turnover and recycling of credit for major vehicle dealer and supplier networks, allowing them to increase the volume and range of EVs they bring to Australia. In the first two years of the program, the CEFC supported floorplan financing of more than 80,700 battery EVs and plug-in hybrid EVs to dealerships.
The CEFC finance also supports discounted consumer finance for retail EV loans financed by Angle Auto Finance (AAF).
our impact
The need for new EVs
Australia’s uptake of EVs is rising, but momentum needs to be maintained if the nation is to meet its emissions reduction targets.
Off the back of uncertainty about global fuel supplies, the Australian Automobile Association found that almost half of June quarter 2026 new car sales were electric or hybrids. Battery electric vehicle sales for the quarter reached 69,414, rising from 12.25 per cent of new car sales to 21.03 per cent in three months.1
The Climate Change Authority advised in 2025 that at least half of light vehicles sold needed to be electric for Australia to meet the lower end of its 2035 emissions reduction target range of 62 to 70 per cent of 2005 levels.2
Aiming to rev up the market
The CEFC finance for AAF is part of its continued commitment to accelerating Australia’s switch to EVs to support Australia’s transition to net zero emissions.
The CEFC works with financiers to provide discounted loans for both private and commercial vehicles, reducing the upfront cost of switching to fully electric models. See current CEFC-backed programs with discounted loans for EVs.
It is also driving EV uptake through backing the rollout of charging networks, the manufacture of heavy-duty battery EVs, the uptake of battery electric trucks for last-mile and grocery deliveries and support for an electric bus fleet.
1 AAA media release: Quarterly data reveals EV surge, 2026
2 Climate Change Authority: 2035 Targets Advice, 2025
