Under this partnership, up to $60 million in funding has been allocated to provide interest rate discounts ranging from 0.5% to 1.0% for approved customers. These discounts apply to new, fully electric Hyundai and Kia vehicles priced below the luxury car tax threshold of $91,387, including GST. Demonstrator vehicles with less than 5,000 kilometers on the odometer are also eligible.

For instance, a customer securing a $70,000 loan with a 1.0% interest rate discount over a five-year term could save more than $1,900 in interest costs. This substantial saving addresses one of the primary barriers to EV adoption: the higher initial purchase price compared to traditional internal combustion engine vehicles.

The Australian EV market has been experiencing significant growth. In 2025, a record 156,000 EVs were added to Australian roads, with December alone accounting for a 16.7% market share. Despite this progress, the higher upfront cost of EVs remains a concern for many potential buyers. The CEFC and Hyundai Capital Australia's financing program directly tackles this issue by making EVs more financially attainable.

By offering these financial incentives, the partnership aims to accelerate the transition to cleaner transportation options, contributing to Australia's broader environmental goals. Prospective buyers interested in taking advantage of this program should consult with Hyundai and Kia dealerships to determine their eligibility and learn more about the specific terms and conditions.