Making it easier to switch to electric vehicles with Volkswagen Financial Services Australia
Consumer and commercial loans for new and used vehicles
The CEFC is backing Volkswagen Financial Services Australia with a $100 million commitment towards discounted loans for new and used private and commercial electric vehicles across a choice of brands and models.
$100 million
CEFC investment
New and used
electric vehicles
Discounted
rates
This investment helps lower costs today and builds a stronger market for affordable, second-hand EVs tomorrow, making clean transport more affordable for more Australians and their businesses.Richard LovellExecutive Director - Debt Markets, CEFC
Our investment
The CEFC has committed $100 million to Volkswagen Financial Services Australia (VWFS) to support a program of discounted loans for Australians buying eligible new and used electric vehicles (EVs) across multiple brands.
Eligible customers who take up the discounted finance offering could save up to 1.0 per cent on standard loan rates for eligible EVs. The CEFC commitment supports half of the discount and VFWFS supports the other half. The program covers:
- Consumer loans for passenger EVs, capped under the Luxury Car Tax threshold that is applicable when the loan is taken out. Customers could save more than $1,900 on a typical $70,000 loan over five years.
- Commercial loans for light commercial electric vehicles, including vans or utility vehicles, which are not capped by the luxury car tax threshold.
Customers who purchase and finance an eligible EV through VWFS will be able to choose from brands including Volkswagen, Audi, ŠKODA, Cupra and Volvo, as well as other eligible EVs beyond these brands through VWFS’s accredited dealer network.
Learn more about the VFHS loans.
OUR IMPACT
Transport accounts for around 23 per cent of national emissions1 and without intervention is projected to remain one of the top-emitting sectors well into the mid-2030s.
Light commercial vehicles comprise nearly a quarter of new vehicle sales in Australia.2 Switching commercial fleets to EVs can help drive down transport emissions and discounted loans are one way to help reduce the upfront cost involved in upgrading vehicles.
Driving EV uptake
The CEFC, through its support of discounted loan programs, is making it easier for Australians to take up electric vehicles for both business and personal use.
Our commitments to these programs help reduce the upfront costs of vehicles and send manufacturers a signal to offer a broader range of EV model options to the Australian Market.
The CEFC commitment to VWFS also supports the future integration of EVs into the electricity grid with vehicle-to-grid (V2G) enabled models acting as mobile batteries with the ability charge from or discharge to the grid.
Encouraging increased EV adoption now also helps build a stronger market for affordable, second-hand EVs in the future, making clean transport more affordable for Australians and their businesses.
The VWFS investment also supports the future integration of EVs into the electricity grid because vehicle-to-grid enabled models can act as mobile batteries with the ability to charge from or discharge to the grid.
1 DCCEEW, National Greenhouse Gas Inventory Quarterly Update: June 2025.
2 Federal Chamber of Automotive Industries, Light commercial vehicles account for 22.8 % of sales in October 2025.
