Focus on electrifying fleets with FleetPartners
Getting businesses behind the wheel of EVs
The CEFC is working with FleetPartners to provide access to discounted interest rates to support corporate, government and not-for-profit fleet customers as they transition their vehicles to electric passenger and light commercial vehicles.
$43m
CEFC commitment
Fleet
focus
Discounted
leases
Cost is a key driver for fleet decision making and the CEFC support is a tangible way for us to help reduce the switching cost and help customers transition to EVs.James OwensChief Financial Officer, FleetPartners
Our investment
FleetPartners had financed more than $100 million1 of vehicles by 2025 through its CEFC-backed clean energy funding facility since its establishment in 2015.
The CEFC committed up to $50 million towards FleetPartners, in 2015 to support a 0.5 per cent interest rate discount on lease costs for eligible vehicles. The debt facility was restructured in 2021 as a $43 million facility that further improved lease costs.
The CEFC finance commitment to FleetPartners was extended and the program was expanded in July 2025 to cover medium and heavy-duty vehicles to further drive the uptake of electric vehicles.
In addition to the CEFC backing, FleetPartners has also supported its electric vehicle program by issuing green tranches of Asset Backed Securities that meet the International Capital Market Association Green Bond Principles.
1 FleetPartners website Our commitment/environment
our impact
Transforming transport
The transport sector accounts for about 22 per cent of Australia’s emissions with passenger cars and light commercial vehicles contributing 60 per cent of transport emissions.2
A switch to electric vehicles, as Australia’s grid decarbonises, can reduce emissions, save drivers money on fuel, and help promote health benefits through reduced air pollution.
In 2024, electric vehicles represented 9.6 per cent of total new car sales.3
The CEFC is working with the transport sector to encourage the continued growth of the electric vehicle market in Australia, with finance supporting the rollout of infrastructure as well as the take-up of electric vehicles.
Working to accelerate fleet electrification
FleetPartners has seen robust growth in the demand for electric vehicles in recent years, as fleet drivers become more familiar with the technology and as both the driving range and variety of EV models improves.. Ahead, FleetPartners expects further increases in demand in the light commercial vehicle space as more fit-for-purpose options are released onto the market.
FleetPartners works with its customers on vehicle selection, charging strategies and replacement schedules for smooth fleet transitions. A digital and data-first approach to servicing customers, uses purpose-built proprietary technology. The FleetPartners fleet management platform gives its customers insights and real-time visibility into their vehicles and fleet performance.
Driving FleetPartners towards zero emissions
FleetPartners has further demonstrated its commitment to a low emissions future by publicly committing to zero Scope 1 and Scope 2 emissions by FY2030 and has an intensity target of 3.54 tCO2-e per full-time equivalent staff member for Scope 3 emissions by FY2030.4
Actions to meet this commitment include:
– Transitioning its 60-vehicle corporate fleet to 100 per cent battery electric
– Relocating its Melbourne and Sydney offices to more efficient buildings that source renewable energy and purchasing NZ Renewable Energy Certificates for its New Zealand offices.
2. Department of Climate Change, Energy, the Environment and Water website
3. Department of Climate Change, Energy, the Environment and Water website
4 FleetPartners website Our commitment/environment
