Government puts $74.5 million towards adoption of electric vehicles, used-car market to benefit

The local automotive industry has welcomed a Federal Government plan to inject $74.5 million of funding into the take-up of emissions-free vehicles across Australian businesses and communities. The Future Fuels Fund, announced by Minister for Energy Angus Taylor on September 17, is expected to subsidise business adoption of electric vehicles and corresponding infrastructure, with more details to be shared in the coming weeks.