The transition to electric vehicles is a critical pathway to the decarbonisation of the Australia economy
– with transport producing 88 million tonnes of emissions in Australia each year, representing 17 per cent of national greenhouse gas emissions.
Cars and light commercial vehicles together represent more than half of these emissions, which are projected to increase as the population and economy also grow. Along with decarbonising the electricity sector, electrifying Australia’s light vehicle fleet is an important step in meeting Australia’s emissions reduction targets.
The CEFC is working across the economy to accelerate investment in measures to reduce transport-related emissions, including mode switching from road to rail, the electrification of urban transport, charging infrastructure and finance for fleet and residential electric vehicles. Through the Clean Energy Innovation Fund, we are also financing start-up companies targeting the transport emissions.
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Electric vehicles and clean energy
Australians have traditionally been early adopters of new technology, but we are lagging when it comes to EVs. Our research shows that we can increase the uptake of EVs in a way that benefits drivers as well as the environment. It’s about lowering prices, bringing more models to market and creating a charging network.Read our report
Read our reports and insights
Biofuels and Transport: An Australian opportunity
Australia’s existing experience in agriculture, forestry and engineering provides a solid foundation on which to build a thriving biofuels industry. And our heavy reliance on air travel, long-distance road freight and rail and marine freight, provide the potential demand for these lower emissions biofuels.Read our report
Clean energy and greener infrastructure
How can clean energy technologies deliver lower emissions and improved energy efficiency for Australia’s freight and logistics infrastructure?Read our insight
Ark Energy sets sights on zero emissions hydrogen powered trucks
Read moreVehicles in the heavy transport sector have ultra-heavy payloads and typically operate around the clock, so cannot be off the road for several hours to recharge. These unique Hyzon trucks will be custom built for Australian conditions, fast tracking the switch to clean energy in Australia’s ultra-heavy transport sector by several years.Ian LearmonthCEO, CEFC
Sydney claims first electrified bus fleet
Read moreThis investment demonstrates that the electrification of transport is possible on a large scale, and can improve our environment, our health and the liveability of our cities. We hope it will also encourage more people to choose quiet, modern and energy efficient public transport as a practical way to cut their own transport emissions.Ian LearmonthCEO, CEFC
E-bike start-up Zoomo shaping the future of the delivery economy
Read moreWe believe that the bike world is ready for disruption and that in five to ten years, light electric vehicles will be the predominant form of transportation. Zoomo is taking the lead in this transformation.Mina NadaCEO and co-founder, Zoomo
JET Charge makes EV charging smarter, cheaper
Read moreIn conjunction with our globally leading energy management systems, our goal is to facilitate compatible EVs in becoming an asset for the grid, with the future capacity to discharge electricity to homes, buildings and the wider grid when demand is high, and financially reward EV drivers for doing so.Tim WashingtonCo-founder and CEO, JET Charge
Australia’s largest freight infrastructure project
Read moreBeing able to deliver a faster and more reliable supply chain that creates savings for our customers, as well as remove thousands of truck trips from our roads at the same time as delivering very significant environmental benefits is a great trifecta.Maurice JamesManaging Director, Qube Holdings