Big Three Australian gen-tailer Origin Energy has been awarded $6.2 million in federal government funding to help its business customers invest in electric vehicles (EVs). The funding, from the Australian Renewable Energy Agency, is part of a flurry of federal policy announcements aimed at getting Australia back in the global EV race.
Origin’s Accelerate EV Fleet Program will use the funding to deliver 1000 electric vehicles and charging infrastructure to business customers nationally, in a bid to help establish “business ecosystems” that can be scaled up as the cost of EVs fall. The $6.2 million covers roughly half of the $12.8 million plan.
The federal government’s EV strategy also includes a policy preparing for the recycling and reuse of EV batteries, initiatives to build up charging infrastructure and industry skills, and $40 million of CEFC funding to support a discount on loans by lender Firstmac on EVs under $90,000. The discounts aim to save eligible recipients between $1,400 and $2,500, depending on the size and length of the loan.
The strategy has been criticised by some for falling short on ambition, with no defined EV sales targets for car manufacturers and retailers, and a reliance on existing programs. However, Origin Energy’s Accelerate EV Fleet Program is a step in the right direction, and will help to create a more sustainable future for Australia.
FAQ
Q1: Are electric car batteries recyclable?
A1: Yes, electric car batteries are recyclable.
Q2: Are electric car chargers free?
A2: It depends on the charger and the location. Some electric car chargers are free, while others may require a fee.
Q3: Can electric car batteries be rebuilt?
A3: Yes, electric car batteries can be rebuilt with the right tools and knowledge.
