Westpac and Australia’s largest electric vehicle charging network Chargefox have partnered to offer customers who are looking to purchase an EV free public charging. 

For a period of up to 12 months, customers will receive approximately 7,000 kilometres' worth of free public charging at more than 1,500 Chargefox stations across the country.

This equates to roughly $750 in savings on charging costs.

Westpac Managing Director of Consumer Finance Steve Rubenstein said the partnership with Chargefox will help enhance the affordability of EVs.

“We want to help increase access to charging stations and support our customers who want to make the transition,” Mr Rubenstein said.

“The average Australian passenger vehicle travels around 11,000 km a year, so this is a great way for our customers to save on charging.

“Today’s announcement is another step in helping our customers make the switch to a greener vehicle, following the launch of our EV loan last year.”

The Federal Chamber of Automotive Industries (FCAI) ‘VFACTS’ report revealed electric vehicles accounted for 8,124 sales in May, equivalent to 7.7% of the entire market. 

Luxury car rate tax thresholds increases

From 1 July 2023, the federal government will increase the Luxury Car Tax (LCT) thresholds helping many Aussies save thousands on the price of a new car.

The LCT threshold for ‘fuel efficient’ vehicles will be raised from $84,916 to $89,332 expanding the choice for buyers of EVs.

According to the ATO, a ‘fuel efficient’ vehicle has a fuel consumption that does not exceed 7.0 litres per 100 kilometres. 

Many electric and hybrid cars that were previously just outside of the LCT threshold will now fall into the category such as the Tesla Model 3 Performance and the Kia EV6 GT-Line, and not attract any LCT at all.

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In the market for a new car? The table below features green car loans with some of the lowest interest rates on the market for low-emissions vehicles.

Update resultsUpdate
Filters
LenderCar LoanInterest Rate Comparison Rate* Monthly Repayment Interest Type Vehicle Type Maximum Vehicle Age Ongoing Fee Upfront Fee Total Repayment Early Repayment Instant Approval Online Application TagsFeaturesLinkCompare
6.09% p.a.
7.21% p.a.
$581
Variable
New
1 year
$8
$400
$34,874
 Featured
  • Discounted rate on qualifying electric cars
  • Up to 7 yrs loan term
  • Redraw available up to $5,000/day
5.99% p.a.
7.20% p.a.
$580
Fixed
New, Used
7 years
$12
$250
$34,791
5.99% p.a.
5.99% p.a.
$580
Variable
New
No Max
$0
$0
$34,791
6.19% p.a.
6.54% p.a.
$583
Variable
New
No Max
$0
$250
$34,958
6.25% p.a.
6.52% p.a.
$583
Fixed
New, Used
3 years
$0
$195
$35,009
Important Information and Comparison Rate Warning

All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.

The comparison rates in this table are based on a loan of $30,000 and a term of 5 years unless indicated otherwise. The comparison rates for car loans and secured personal loans for the relevant amounts and terms are for secured loans unless indicated otherwise. The comparison rates for unsecured personal loans are applicable for unsecured loans only. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.

Monthly repayment figures are estimates only, exclude fees and are based on the advertised rate for the term and for the loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Rates correct as of . View disclaimer.

Important Information and Comparison Rate Warning

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