Australia’s electric vehicle (EV) transition received a major boost with a new finance initiative designed to make EV ownership more affordable. Hyundai Capital Australia and CEFC have partnered to launch a targeted Electric Vehicle Finance Discount Program aimed at reducing cost barriers for households and small businesses.
A New EV Finance Discount Program Explained
Under an agreement signed on 11 December 2025, Hyundai Capital Australia Pty Ltd (HCAU) and the Clean Energy Finance Corporation (CEFC) rolled out the program on 23 January 2026. The initiative offers approved customers discounted finance rates on eligible new and demonstrator electric vehicles from the Hyundai and Kia ranges.
The CEFC has committed $60 million to support the program, underscoring its role in accelerating Australia’s clean transport transition. Through this collaboration, Hyundai Capital Australia and CEFC aim to make EV financing more accessible and competitive.
Who Is Eligible and What Vehicles Qualify?
The program applies exclusively to battery electric vehicles (BEVs), with hybrid electric vehicles (HEVs) excluded. Eligible vehicles must meet the following criteria:
- New or demonstrator Hyundai and Kia EVs
- Maximum retail price of $91,387 (including GST)
- Demonstrator vehicles must have travelled less than 5,000 km
This ensures the discount targets mainstream EV models, supporting wider adoption rather than niche premium segments.
Attractive Interest Rate Discounts and Extra Incentives
Approved customers can receive interest rate discounts ranging from 0.5% to 1.0% per annum off their standard personalised finance rate with HCAU. Discount levels vary depending on the vehicle make and model.
In addition, Hyundai Capital Australia may introduce time-limited campaign incentives supported by Hyundai and Kia manufacturers. These may include deposit contributions to lower the loan amount or further finance rate reductions, delivering even greater value during promotional periods. Such layered benefits further strengthen the impact of Hyundai Capital Australia and CEFC collaboration.
Supporting Australia’s EV and Climate Goals
This initiative aligns closely with the Australian National Electric Vehicle Strategy, which seeks to decarbonise the transport sector. By addressing upfront cost challenges, Hyundai Capital Australia and CEFC are helping Australians transition to cleaner mobility while supporting Hyundai Motor Group’s ambition to expand its EV leadership in the local market.
About Hyundai Capital Services
Founded in 1993, Hyundai Capital is a global consumer finance leader providing tailored financial solutions for the Hyundai, Genesis, and Kia brands. Headquartered in Seoul, the company operates across 14 countries in Oceania, the Americas, Europe, and Asia, with continued global expansion planned.
Overall, this finance program represents a practical and timely step toward making electric vehicles a realistic choice for more Australians.
Related Articles:-
