(16 June 2023 – Australia) Westpac announced a partnership with the operator of Australia’s largest electric vehicle (EV) charging network, Chargefox, to support customers seeking to make the transition to a greener vehicle.
Customers who finance an eligible electric vehicle will receive 1,250 kWh of free public charging to use over a period of up to 12 months at more than 1,500 Chargefox stations around the country.
“Electric vehicle uptake in Australia is growing, with EV share of domestic car sales increasing sharply in recent years. We know that many people are motivated by saving on fuel when considering making the switch to electric, but they also have concerns about running out of battery on the road. We want to help increase access to charging stations and support our customers who want to make the transition” commented Westpac Managing Director of Consumer Finance, Steve Rubenstein.
“The average Australian passenger vehicle travels around 11,000 km a year, so this is a great way for our customers to save on charging. Today’s announcement is another step in helping our customers make the switch to a greener vehicle, following the launch of our EV loan last year” Mr Rubenstein added.
“We're excited to partner with Westpac to help enhance the affordability of EVs. Our mission is to make simple and affordable charging attainable by all EV drivers, creating a cleaner future” stated Chargefox CEO, John Sullivan.
“This partnership is an excellent example of our leading financial institutions partnering with the electric vehicle industry to support and enable consumer choice in the clean energy transition. Westpac’s electric car loan offering starts from 5.49 percent, comparison rate from 6.70 percent pa, and provides flexibility to cover other expenses such as an EV home charger, car software upgrades and on-road costs. Around 600 eligible EVs are available to choose from” said Electric Vehicle Council CEO, Behyad Jafari.