Funding boost for second-hand electric car importer
A $10 million investment aims to boost supply and affordability of second-hand electric vehicles (EVs) into Australia.
More used electric cars will soon be on their way to Australia thanks to a $10 million investment in Australia’s largest importer of second-hand electric vehicles (EVs), The Good Car Company.
A statement from the company said the investment by the philanthropic venture Boundless addressed two of the biggest barriers to EV adoption in Australia – supply and affordability – and would boost the number of second-hand EVs it imports tenfold per annum, from about 200 to 2,000 vehicles.
Founded in Tasmania, The Good Car Company imports pre-owned and new EVs from the UK and Japan, ranging from small cars to light commercials and with prices starting from $20,000.
Imported second-hand EV models include the Nissan Leaf, Nissan eNV200 electric van and Peugeot e-expert electric van.
The company also has new EVs available for fleet purchase such as the Polestar 2, and Hyundai Kona.
The Good Car Company says all its imported EVs are offered with full consumer protection such as battery warranty, recall notifications servicing and roadside assist.
A 2018 Nissan Leaf which sold on The Good Car Company website.
Co-founder and Director at The Good Car Company Anthony Broese van Groenou said the boosted capacity afforded by the Boundless investment will have a transformative impact on Australian communities.
“We delivered Australia’s first community EV bulk buy in 2019 and every year we witness more and more people wanting to transition to EVs and the opportunities they unlock,” Mr Broese van Groenou said.
“Australia is comparatively underserved by availability and affordability of EVs and we’re excited that our community model has been recognised as a great way to change that.”
CEO of Boundless Eyton Lenko said his organisation’s investments, initiatives and partnerships were focused on ensuring Australia became a renewable energy superpower by 2030.
“With transport accounting for 18% of Australia’s emissions, we knew our first priority had to be bridging the growing gap between demand for EVs among Australians and the supply available within an attainable price point,” Mr Lenko said.
“The Good Car Company is a perfect fit and we’ve been impressed by their continued advocacy towards investment in the EV industry as a whole.”
More Australians are purchasing EVs with the Federal Chamber of Automotive Industries (FCAI) new vehicle sales figures for September 2022 showing a total of 7,247 EVs were sold during the month.
Year-to-date sales figures of 21,771 EVs represents a small but growing 2.7% overall market share.
The Good Car Company said the additional EV models would be available in Australia for purchase off its website from early 2023.
Vehicles will also be available through a series of community based “bulk-buy” campaigns around the country.
RACQ members save a minimum of 10% when you charge at select Chargefox charging stations across Australia~~
~~ Terms and conditions apply to all offers. View the individual offer for full details. Offer is subject to availability and may be withdrawn at any time without notice.
More articles
Related topics
-
The information in this article has been prepared for general information purposes only and is not intended as legal advice or specific advice to any particular person. Any advice contained in the document is general advice, not intended as legal advice or professional advice and does not take into account any person’s particular circumstances. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives and needs.
Insurance products (excluding Travel Insurance) are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the Product Disclosure Statement (PDS) and any applicable Supplementary PDS before making a purchase decision on this product. You can also access our Target Market Determinations on this website.
Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.
Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.
RACQ Operations Pty Ltd (ABN 80 009 663 414 AR 000234978) and Members Travel Group Pty Ltd (ABN 45 144 538 803 AR 000432492) are acting as an Authorised Representative of the issuer of the insurance, Tokio Marine & Nichido Fire Insurance Co., Ltd. (ABN 80 000 438 291 AFSL 246 548). Any advice set out above is general in nature only, and does not take into account your objectives, financial situation or needs. Before purchasing any travel products, please consider the RACQ Travel Insurance Product Disclosure Statement (PDS) and the Target Market Determinations (TMDs) that apply to these products. Whilst the PDS outlines the Terms and Conditions of these products, the TMDs outline the intended class of customers that comprise the target market for these travel products. This will allow you to consider which products best suit your objectives, financial situation and needs and consider the products appropriateness to your personal circumstances. TMDs also outline matters involving the distribution and the review of these products. The PDS, Supplementary PDS and TMDs for each travel product can be found here.