Mathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

The Australian government is providing support to the rollout of electric vehicles around Australia, including financial support through the Australian Renewable Energy Agency and the Clean Energy Finance Corporation. ARENA's focus has been on supporting emerging technologies and helping to move them closer to commercial reality. Progressing new and innovative energy technologies from early-stage research and development through to commercial deployment is critical to ensure that Australia remains at the forefront of technological progress and enjoys the benefits that advances in technology can bring.

The Clean Energy Finance Corporation has acted as a catalyst to increase investment in clean energy investment. In the five years that the CEFC has been operating, around $5 billion of capital has been deployed, and the CEFC has directly invested in more than 110 individual transactions and delivered finance for over 5,500 smaller-scale clean energy products.