EV finance for business and private buyers is available with the same lending products as for petrol and diesel vehicles, with varying rates and loan features. Drivers that have been putting off the switch from traditional fuel to electric may be motivated to make the change with the current fuel situation. The Middle East conflict has effectively caused a closure to the Strait of Hormuz for oil shipments other than those approved by Iran. Despite the Australian government saying the country has sufficient supplies, shortages are being experienced in some areas and prices have skyrocketed.
To avoid the current fuel situation, ensure you are covered should similar events occur in the future and save on your vehicle expenses, trading your petrol or diesel for an electric vehicle could be a solution. While Australians were slow in the uptake of EVS compared with many other countries, sales surged in February 2026. While much of this increase was given to Telsa deliveries, other brands are also surging in popularity.
Most brands are including EVs and hybrids in their ranges, especially with the introduction of NVES – New Vehicle Efficiency Standards. This policy fines manufacturers that essentially do not have enough EVs in their range compared with petrol and diesel models.
While more expensive than a similar petrol model, EVs are available across the price spectrum. Budget small models in the MG range and the BYD Atto 1. Popular brands including Kia, Hyundai, Toyota and Mazda include EV models and BYD offers a ute.
In the February car sales figures, the best-selling EVs included Tesla, BYD Sealion 7 and the Kia EV3. There are many new brands to consider including Geely, Zeekr.
While EVs offer lower running costs and are better for the environment than traditional fuel vehicles, for buyers to make the switch, the financing is also going to have to stack up. With a large selection of 80+ lenders, our brokers ensure you achieve your most competitive rates and affordable EV finance.
EV Finance – Business and Private
EVs do not require any special financing. The same loan products apply to EVs and hybrids as are used to finance petrol and diesel vehicles. For private buyers of new vehicles, the Secured Car Loan is the most popular type of loan. This loan includes a fixed rate, fixed term and fixed monthly payments.
Business buyers select the asset acquisition credit facility that will work with their accounting method, tax and balance sheet strategy and objectives. The selection includes Chattel Mortgage, Commercial Hire Purchase and Leasing. Tax deductions are realised with all business financing facilities. No Docs and Low Docs options are available for new businesses.
Many businesses can be approved for no deposit financing to ensure the full purchase price is included in the loan. Competitive fixed rates are sourced to suit the business profile and terms and balloons negotiated to deliver a workable monthly payment structure.
Where lenders are offering any special financing deals for electric vehicles, we will find and present to you. Buyers may also check with their relevant state/territory government for any available rebates for electric vehicle buyers.
EV Finance Rates
While significant benefits can be realised, EVs typically come with a higher price tag than comparative petrol models. Highlighting the importance of securing the best rates to ensure the financing is affordable and the purchase a viable option to a traditional fuel vehicle.
Rates will vary with loan products, lenders and will be individually offered based on each application. We source our best rates from across a large lender base to ensure we can deliver affordability for our customers.
Use our current rates as a guide with our Car Finance Calculator to estimate payments and compare makes and models. Vary the loan amount to allow for different deposits or trade-ins and the repayment term to obtain estimates on different loan structures.
Fast 24 EV Finance Approval
With the future of the current fuel situation unknown at this stage, many drivers will be keen to change to a battery electric or hybrid vehicle as quickly as they can. To assist buyers wanting to make the switch to electric or hybrid as soon as possible, loan approval within 24 hours is available for many applicants.
Applications can also be submitted and approved before selecting the vehicle. This can be highly advisable when demand for certain models is running hot. A situation which may start to emerge in the EV market.
Apply for EV finance online or by phone and be ready to commit to your purchase on the first visit to the dealership. Get your financing, make your EV purchase and make fuel price fluctuations a distant memory.
Contact a Jade Car Loans broker on 1300 000 003 for competitive EV finance to beat the fuel price hikes.
DISCLAIMER: IN REGARD TO MISREPRESENTATIONS AND ERRORS CONTAINED IN THE MATERIAL AS PRESENTED, LIABILITY IS NOT ACCEPTED. THE DETAILS AND CONTENT IS PROVIDED FOR CAR BUYERS AND INDIVIDUALS AND BUSINESS SEEKING FINANCE PURELY AS GENERAL INFORMATION. THIS IS NOT PROVIDED AS THE ONLY SOURCE OF FINANCIAL INFORMATION. ANYONE THAT CONSIDERS THAT NEED FINANCIAL ADVICE ABOUT THEIR SPECIFIC REQUIREMENTS SHOULD SEEK THEIR OWN FINANCIAL ADVISOR.
