Electric car finance.

Great everyday costs for you, even better for the planet.
Preferential loan rates for new and used electric vehicles.
One-stop electric and hybrid vehicle finance and purchasing.
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Why choose CarClarity finance?

Electric car financing can be a complicated process, but we've got you covered. Through our simple step by step process and dedicated support team, we do all the hard work to get you approved and driving away in the car of your choice.

Making it easier to find the right finance for your EV

CarClarity partners with 30+ trusted lenders who have different specialties, including preferential electric vehicle financing options. Our smart-technology will review over 1000 different loan options to find you competitive loans for your next new or used electric vehicle (EV).

We do the leg work, so you can hop into your car faster

Get matched to low-rate finance for your electric car and see your personalised loan repayment estimates in just 60 seconds. On top of helping you find a great loan for your next electric car, we can help source your new car from our dealer network.

Expert support from electric car loan specialists

CarClarity's easy-to-use platform and dedicated support team makes getting new, used or ex demonstrator electric cars on finance a breeze. Our experienced Car Loan Experts are always on hand to help you on your car financing journey.

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The smart charging garage of electric vehicles

When it comes to making impactful decisions to contribute to a more sustainable future, it can be a little puzzling to know where or even how to start. Coupled with our innovative financial sourcing technology, our specialised team of electronic car loan experts, work towards delivering a service that helps in the successful transition of electric and hybrid vehicles for our communities, the economy, and the environment.

Charged Service. Innovated Performance.

Let's make electric car finance & loans convenient, so you can focus on your new Tesla... or was it a Hyundai Ioniq 5? Enjoy freedom in the seat of your new Kia EV6, or discover the agility of a Porsche Taycan. Whether you want something fast, something premium, something sustainable or even something for your every day travel, we do the financial leg work so you can enjoy that new car smell, even sooner. Whatever you're looking for, let's find your best electric car loan out of 30+ trusted lenders. Let make it happen.
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Customer first. Environmentally driven.

Australians are excited about buying EVs, but in a relatively new sector, deciding which car to buy, finance and insure can be overwhelming. Our team of dedicated electric car loan experts are here to support you through every step of the car loan application. We take the time to understand your needs in order to help you find the best car loan deals you qualify for.

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Frequently asked questions

What is an EV loan?

An EV loan is a type of new car loan or a used car loan specifically used to buy an electric vehicle (EV) or plug-in hybrid electric vehicle (PHEV). An EV loan works like a car loan, with a few extra features designed specifically for EV and PHEV drivers.

Am I eligible for an EV loan?

To be eligible for a EV loan with CarClarity, you will need to:

  • Be purchasing a new or used Electric Vehicle (EV) or plug-in hybrid electric vehicle (PHEV)


  • Be aged 18 years or older


  • Be an Australian citizen, New Zealand citizen, permanent resident or eligible work visa*

Credible Identification:

  • Hold a valid drivers license (Learner, P1, P2 or Full) or Australian or New Zealand passport


  • Earn at least $2,500 per month or at least $30,000 per annum from a regular proven source of income

Credit Score:

  • Minimum of 300 +


  • Bankrupt clients must have no dishonors in the last 3 months, Part IX (9) must be 12 months +

Bank Statements:

  • Less than 2 payment dishonors in the last 3 months
  • Less than 2 active payday loans


  • No dishonors on the current loan in the last 6 months

* Eligible work visas include sub-classes 187, 188, 189, 482, 489, 491, 494 and the applicant must have at least 18 months left on their visa.

Unsure whether you meet all the above criteria? You can get a rate estimate at any time without impacting your credit score.

How much do EVs cost?

In Australia, the general all new electric vehicles can be at a price point between $45,000 to $200,000. The average price for an electric vehicle (EV) is $88,716, however, like any other traditional vehicle the vehicles prices can vary significantly depending on a number of factors. There are currently seventeen (17) all-electric vehicles available for purchase in Australia. In addition, there are many plug-in hybrid electric vehicles (PHEV) on the market, these vehicles can vary in cost between $42,000 to $215,000, again depending on a number of factors.

How far can an electric vehicle (EV) travel?

As an average, the travelling distance for an electric vehicle (EV) is between 300 to 400 kilometeres. In general, more affordable EV's typically have a shorter range of travel, for example the MG HS electric vehicle has a travelling distance of 263 kilometres. On the other end of the spectrum i.e. the higher-end of the market, the travelling range tends to be longer, like the Tesla Model S which has a 500 kilometre range.

From a pure electrically fueled perspective, Plug-in hybrid electric vehicles (PHEVs) tend to have a much shorter electric range. This is because PHEVs are duel-powered i.e. they use a balance of electric batteries and petrol or diesel fuel to varying degrees. PHEVs can typically travel between 40 to 90 kilometres on pure electric power. In terms of benefits compared to traditional vehicles, PHEVs generally offer greater fuel efficiency as either/or engine can be active or inactive to varying degrees depending on the scenario of the drive. Examples could be that the petrol engine could run to a higher degree once you reach a certain speed or it could be completely inactive during stop-and-start traffic with the electric engine being active.

While these travelling distances may seem on the shorter side, keep in mind that the average Australian driver travels an average of 36 kilometres per day. Therefore, the average Australian driver could charge their vehicle once a week for their normal day-to-day, cruisy, casual commute.

What government incentives or rebates are available for electric vehicle purchase?

New South Wales (NSW)

The NSW Government has proposed a range of new measures to make electric cars more affordable for drivers, including rebates and a reduction in upfront costs. To find out more, visit the New South Wales (NSW) Government Website on electric vehicle purchases.

Victoria (VIC)

Electric vehicles purchased after the 2nd of May 2021 may be eligible for a subsidy of $3,000. To find out more, visit the Victorian (VIC) Government Website.

Queensland (QLD)

Electric vehicles receive reduced registration duty rates. To find out more, visit the Queensland (QLD) Government Website.

Australia Capital Territory (ACT)

Electric vehicles may be eligible for a full stamp duty exemption and two (2) years free registration. To find out more, visit the Australian Capital Territory (ACT) Website.

Tasmania (TAS)

Electric vehicle purchases may have stamp duty costs waived. To find out more, visit the Tasmania (TAS) Website.

How do I charge electric vehicles?

The three (3) ways to charge an Electric Vehicle (EV)

Prior to starting your drive in your electric vehicle (EV) it is important to plan ahead so you know where and when you can access a charging station along your journey.

Fastest-To-Slowest Options:

  1. Fast Chargers: This is the type of charging system you will find at dedicated electric car charging stations. Most EV drivers can charge up their vehicle in under an hour. At the moment, there are 110 fast charging sites across Australia, with more than 250 charging bays across them. Some car manufacturers like Mercedes and Tesla allow their new EV customers to use their charging networks for free, which uses Australia's largest electric station network, Chargefox.
  2. A wall box provided by your EV manufacturer: About 80% of electric vehicle owners power up their cars in this manner. Using the manufacturer provided wall box charger, your vehicle will charge up far quicker than the traditional socket method. Boxes are typically installed somewhere within or near your home, usually in a garage or the driveway. In addition, there are also several thousand public usable wall boxes for electric vehicle owners across Australia.
  3. The traditional electrical socket: This is the slowest option out of the current three options. However, it's a good back up option when the other two aren't readily available. Most electric vehicles come with a cord that can be plugged directly into a three-pronged wall socket, though some may require an adapter for the plug to operate correctly.

In addition, electric vehicle drivers can find their nearest charging stations when using apps, for example: ChargeFox and PlugShare.

The network for ultra-fast charging infrastructure in Australia is steadily increasing throughout our roads. What does this mean for EV drivers? Well, it means EV drivers should feel optimistic about their increased charging options in the future. With federal and local governments laying out plans to install thousands of charging bays in the not too distant future. Starting in 2021, the Australian Renewable Energy Agency's (ARENA) Future Fuel Fund has committed $24 million to boost the expansion of the EV charging network. The aim is to deliver a seven-fold increase in the number of fast charging stations across Australia's most populated cities and regions. On a state-level, New South Wales has committed a $131 million investment to develop a world-class charging network over the next four years. There are similar programs across Queensland, Victoria, Western Australia, Northern Territory and Tasmania.

Can I finance an EV car for business?

Yes, CarClarity can help you finance your next Electric Vehicle (EV) for your business, including low doc and ABN loans. In addition, we also supply EV finance for personal use.

Can I finance a second-hand EV car?

Yes, CarClarity can help you finance your next used, second-hand, or demonstrator Electric Vehicle. In addition, we also supply EV finance for new electric vehicles.

Can I finance an EV car from a private seller?

Yes, CarClarity can help you finance your Electric Vehicle from a private seller. In additional, we can also supply EV finance if you decide to purchase your car from dealerships or direct from the manufacturer.

What electric vehicles does CarClarity finance?

I'm glad you asked. At CarClarity not only can we offer personalised lender matches with our innovative smart-technology, but we can provide preferential interest rates for all currently available electric vehicles in Australia.

This vehicle guide presents all of the electric vehicles (EV's) and plug-in hybrid electric vehicles (PHEV's) currently available in the Australian market with their associated resources. For further information on the environmental performance of light vehicles sold in Australia, see the Australian Government’s Green Vehicle Guide Website.

Passenger Vehicles:

Audi e-tron SUV

Audi e-tron Sportsback

BMW i3


BMW 330e

BMW 530e xDrive

BMW 745e

Hyundai Ioniq

Hyundai Ioniq 5

Hyundai Kona

Jaguar I-PACE

Kia Niro

Land Rover Range Rover

Land Rover PHEV

Lexus UX 300e

Mercedes-Benz A250 e

Mercedes-Benz EQA

Mercedes-Benz EQC

Mercedes-Benz E 300 e

Mercedes-Benz GLC 300 e



Mini Countrymen

Mini Electric Hatch

Mitsubishi Outlander PHEV

Nissan Leaf

Polestar 2

Porche Cayenne

Porche Panamera

Porche Taycan

Tesla Model S

Tesla Model X

Tesla Model 3

Volvo XC40

Volvo XC60

Volvo XC90

Have more questions? Check our FAQ page or talk with our experts.
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Things you should know

*All statistics quote are correct as at February 2022.
The information provided does not constitute financial advice and you should consider whether it is or isn't appropriate to your own personal circumstances before you act in reliance on it. Any opinions, forecasts or recommendations reflect the judgement and assumptions of CarClarity as at the date of publication and may later change without notice.

CarClarity is an online financial comparison service and is owned and operated by CarClarity ACL Pty Ltd ABN 50606 243 243 / ACN 606 243 243 and Australian Credit License 478 874.
CarClarity provides you access to our expert team who can assist in selecting suitable car loans from our panel of 30+ lenders and over 1000 financial services products. The financial products compared on this website do not necessarily compare all features that may be relevant to you and CarClarity does not compare all rates in market.
All applications are subject to the credit provider’s credit assessment and loan eligibility criteria. Terms, conditions, fees and charges apply. Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. CarClarity may receive a commission from lenders we recommend.