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Hyundai Kia EVs get incentives from Australian Government

The Australian Government is partnering with Hyundai Capital Australia to offer discounts on Hyundai and Kia electric vehicles (EVs).

The program has been funded by the Clean Energy Finance Corporation (CEFC) for up to $60 million, which will see Hyundai Capital Australia (HCAU) offer discounted finance on eligible Hyundai and Kia EVs.

HAU is offering discounts of 0 for s. 1 per cent to 5 Per cent for . Under 0 per cent per annum on customers’ finance rates, depending on the model, with the government noting a 1 percent. A $70,000 loan 0 per cent discount on the loan will save you more than $1900 in interest costs.

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These offers apply for vehicles below $91,387 – the Luxury Car Tax (LCT) limit on fuel efficient cars – while demonstrator vehicles must have been less than 5000km.

A hybrid and plug-in hybrid (PHEV) models are not included in the offer, as are novated lease customers; this reduced finance isn’t integrated with any other financial institution.

The following Hyundai and Kia models currently have variants under this threshold:

EV ownership is more open,’ said Chris Bowen (the federal Minister for Climate Change and Energy) who says this CEFC investment will help reduce the cost barrier for households and small businesses.

One of the biggest emissions we have, is that transport (and a key way we save people money) and electric vehicles are one of our most important sources of pollution. , ” and.

HCAU CEO Donglim Shin said ‘Electric cars are an important part of Australia’s future in mobility but upfront cost can be a barrier for many customers.

A working with the CEFC allows us to offer a discount finance on eligible Hyundai Motor Group electric vehicles, so that for Australian customers it is easier to own an electric vehicle. – ’.

Hyundai Capital is the financial service unit of the Hyundai Motor Group, which owns Hyundai, Kia and Genesis.

The CEFC is Australia’s specialist climate investor, supported by over $33 billion in capital from the Australian Government, and has invested in a number of projects including hydrogen production and refuelling facilities to EV chargers.

Sales of Kia EVs rose 125.2 per cent last year, with the EV5 properly on stream after launching late in 2024 and the EV3 arriving later in 2025, though sales of the EV6 and EV9 tumbled significantly. The brand’s sales overall were up 0.4 per cent year-on-year.

Sales of Hyundai’s EVs, in contrast, slumped by 30 per cent overall, with the Ioniq 5 and Ioniq 6 off significantly and the arrival of the Inster and Ioniq 9 failing to offset this.

Although sales of Hyundai grew overall by 7 percent, even though the number of EV sales had dropped. 7 per cent – much morepronounced growth than Kia, but not enough to push past its sister brand on the sales charts.

EV Luxury brand Genesis was the worst-performing luxury brand in the game, with sales of its evs lineup down by 42 per cent (addressed below) Brand up by 14 per cent, but 9 per. Year on year, a is 4 per cent of the time.

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