Electric vehicles
Transport is on track to be Australia’s largest emitting sector by 2030, highlighting the critical importance of improvements to the affordability of electric vehicles as part of the decarbonisation agenda.
Emissions from cars and light commercial vehicles are projected to increase as the population and economy grow. 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 startup companies targeting transport emissions.