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Electric Vehicle
Case study

Angle Auto Finance revs up EV availability for Aussie drivers

Floorplan finance to get more EV models into showrooms

An innovative wholesale financing arrangement is seeking to drive as many as 20,000 new 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


more electric vehicles


and supplier benefits

We’ve already had considerable success in providing wholesale floorplan finance to importers of EVs. This facility provides us with the ability to further support the sector, including competitive retail finance for buyers.
Aaron Baxter
CEO, Angle Auto Finance

Our investment

The CEFC is investing up to $50 million with Australia’s largest independent retail auto financier Angle Auto Finance 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.

The CEFC transaction, which supports floorplan finance, 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.

The CEFC finance will also support discounted consumer finance for retail EV loans financed by Angle Auto Finance (AAF).

AAF provides floorplan finance to vehicle dealerships across Australia, and consumer and commercial vehicle finance to the customers of those dealerships.  AFF is a portfolio company of Cerberus Capital Management, a global leader in alternative investing.


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 Lovell
Head of Debt Markets, CEFC


our impact

The need for new EVs

Analysis from the Electric Vehicle Council suggests Australia will need to have as many as one million EVs on our roads by the end of 20271, with EVs accounting for more than 50 per cent of all new cars sales by 2030 if Australia is to meet its climate targets. 

Approximately 8.4 per cent of all new cars sold in Australia in the first six months of 2023 were electric vehicles, a 120.5 per cent increase on EV sales across all of 2022.2  But Australia lags substantially behind new EV sales in the UK (23 per cent) and Europe (25 per cent).3

Aiming to rev up the market

The CEFC finance for AAF is aimed at getting as many as 20,000 new EVs onto Australia’s roads in two years.

It is a continuation of the CEFC commitment to accelerate Australia’s switch to EVs to support the transition to net zero emissions by 2050.

The CEFC has already helped finance more than 4,300 electric vehicles and invested more than $62 million in electric vehicle related projects including EV infrastructure and electrified bus fleets.

 1 Electric Vehicle Council, State of Electric Vehicles, July 2023. p9.

 2 Electric Vehicle Council, State of Electric Vehicles, July 2023. p3.

 3 International Energy Agency, Global EV Outlook 2023, 2023.

Last updated March 2024. National, Bonds/debt markets, Transport, Low emissions
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