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Marion Rae

Cheap loans for firms to accelerate electric cars, utes

Chris Bowen Energy Tony Weber BYD CEFC Labor

Eligible customers financing a $60,000 EV could save about $1700 in interest over five years. (Jason O'BRIEN/AAP PHOTOS)

Small businesses will be steered towards electric cars, trucks, utes and forklifts with taxpayer-funded low-interest loans to accelerate uptake.

Another $50 million partnership between the Clean Energy Finance Corporation (CEFC) and lender Metro Finance will get more Australian businesses into the market, Climate Change and Energy Minister Chris Bowen said on Thursday.

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