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https://thedriven.io/2025/12/10/government-backs-volvo-with-70-million-to-make-electric-trucks-more-affordable-in-australia/>
"The Australian government will invest $70 million with Volvo Group Australia
to accelerate the electrification of the nation’s trucking fleet with
Australian-made electric trucks.
Australia’s minister for climate change and energy Chris Bowen says the
funding, delivered through the government’s Clean Energy Finance Corporation
(CEFC), will provide discounted finance and residual-value support to help more
operators transition from diesel to locally built electric trucks.
The $70 million investment will support discounted financing to lease electric
trucks, support to improve end-of-lease values, and support the installation of
charging facilities at their depots.
“The Albanese Government is backing battery electric trucks in Australia while
driving down costs for heavy electric vehicle and positioning us as a global
leader in low emissions transport technology,” said Bowen.
“We want to give more Aussie businesses the opportunity to benefit from lower
running costs of EV ownership.
“Australia is a country that runs on trucks, and with more and more Australians
choosing to shop online, the switch to electric trucks could not come at a
better time as we deliver on our climate ambitions.”
The announcement comes ahead of the planned start of local manufacturing of
electric trucks at Volvo’s production facility in Wacol, Queensland.
Volvo Trucks announced earlier this year that it would for the first time begin
manufacturing Australian-made heavy-duty electric trucks at its Wacol facility
in 2026. With a full portfolio of electric heavy vehicles, Volvo Group
Australia hopes to expand the nation’s manufacturing capabilities and
accelerate the adoption of electric trucks."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
