A $100 million asset finance program through Macquarie Leasing is aimed at accelerating the use of electric vehicles and other clean energy solutions.
The program offers a 0.7 per cent discount on finance for electric vehicles, as well as plug-in hybrid electric vehicles, and a range of eligible energy efficient and renewable energy equipment. Customers who choose eligible lower emissions passenger vehicles can also benefit from the program, with a 0.5 per cent finance discount.
Macquarie Leasing will make the discounted finance available to customers through its existing relationships with car manufacturers. Finance will be provided to customers to enter into arrangements to purchase, hire and/or lease qualifying assets that satisfy the criteria for qualifying contracts.
The Macquarie Leasing program extends to new energy efficient vehicles and equipment, as well as rooftop solar and battery storage. Investment in equipment to upgrade the energy efficiency of buildings, such as energy efficient lighting, building management systems and better air conditioning, will also benefit from the finance discount.
CEFC modelling is targeting carbon savings of more than 200,000 tonnes of carbon emissions over the life of the program.
The CEFC's $100 million finance for the Macquarie Leasing program is another example of its focus on reducing transport-related emissions through its Sustainable Cities Investment Program, which supports projects and programs that contribute to the energy productivity of Australia's cities and regions.