Business electric car loans

Business electric car loans

Switch to EV or hybrid while keeping cash flow steady.

Requesting a quote has no impact on your Credit Score.
Business electric car loans

What is a business electric car loan?

A business electric car loan (or EV loan) helps companies purchase electric vehicles (EVs) and other energy-efficient or low-emission vehicles while spreading the cost over time.

EV loans can cover:

  • Fully electric vehicles
  • Plug-in hybrid electric vehicles
  • Hybrid vehicles
  • Energy-efficient fleet cars
Typical uses

Why get a business EV loan?

  • Afford the high upfront cost of an EV or hybrid without draining cash flow
  • Support business sustainability goals
  • Improve brand image and appeal to eco-conscious customers
  • Benefit from lower fuel and energy expenses

Which industries typically need electric or hybrid cars?

Eligible assets
  • Delivery and logistics
  • Professional services
  • Trades and maintenance
  • Corporate fleets
  • Government and municipal services
  • Ride-sharing and taxi services
  • Hospitality

Who can get an EV loan in Australia?

Common industries

You could be eligible for a business electric car loan if your company:

  • Has a current ABN or ACN
  • Is registered and operating in Australia
  • Has been trading for 6–12 months or more

Exact requirements can vary depending on the lender and loan type.

What factors do lenders consider when approving an EV loan?

Eligibility

Lenders typically consider things like:

  • Business financial health
  • Cash flow stability and ability to make repayments
  • Credit history
  • Vehicle make, model, age, and condition
  • How the vehicle will be used in the business
Get a quote
Requesting a quote has no impact on your credit score.

What are the benefits of getting a business EV loan?

Lower emissions.

EVs produce no tailpipe emissions and far fewer greenhouse gases than petrol or diesel cars for cleaner air and a healthier planet.

Lower running and maintenance costs.

Choosing an electric car could help you save up to 70% on fuel and around 40% on maintenance.

Government incentives.

Going electric could make you eligible for government incentives, including a federal FBT exemption and other state-specific programs.

Advanced tech and safety.

EVs often deliver a better, safer driving experience, thanks to a lower centre of gravity and advanced safety features.

Less noise pollution.

Electric motors produce less noise and heat than combustion engines for smother, more peaceful rides.

Lower emissions.

EVs produce no tailpipe emissions and far fewer greenhouse gases than petrol or diesel cars for cleaner air and a healthier planet.

Lower running and maintenance costs.

Choosing an electric car could help you save up to 70% on fuel and around 40% on maintenance.

Government incentives.

Going electric could make you eligible for government incentives, including a federal FBT exemption and other state-specific programs.

Advanced tech and safety.

EVs often deliver a better, safer driving experience, thanks to a lower centre of gravity and advanced safety features.

Less noise pollution.

Electric motors produce less noise and heat than combustion engines for smother, more peaceful rides.

Lower emissions.

EVs produce no tailpipe emissions and far fewer greenhouse gases than petrol or diesel cars for cleaner air and a healthier planet.

Lower running and maintenance costs.

Choosing an electric car could help you save up to 70% on fuel and around 40% on maintenance.

Government incentives.

Going electric could make you eligible for government incentives, including a federal FBT exemption and other state-specific programs.

Advanced tech and safety.

EVs often deliver a better, safer driving experience, thanks to a lower centre of gravity and advanced safety features.

Less noise pollution.

Electric motors produce less noise and heat than combustion engines for smother, more peaceful rides.

Things to consider before applying

Potential drawbacks to be aware of

What are the potential risks of getting a business EV loan?

  • The purchase price of an EV is relatively high, and so are insurance premiums.
  • Batteries lose capacity over time, which affects the car's resale value. Plus, replacing them is expensive.
  • Charging an EV takes longer than refueling, and charging stations aren't always widely available.

Questions to ask yourself

What to reflect on before getting the loan

  • Can I afford all the costs involved?
  • Will an EV or hybrid car fit my business needs?
  • Am I comfortable with battery life and resale value?
  • Are there charging stations on my usual routes?
  • What incentives or tax benefits am I eligible for?

At a glance

MAXIMUM LOAN AMOUNT

N/A

MINIMUM LOAN AMOUNT

$5,000

SPEED

Fast

INTEREST RATE

From 6.99%

MAXIMUM LOAN TERM

3 months

MINIMUM LOAN TERM

7 years

Requesting a quote has no impact on your Credit Score.

Potential lenders

How to apply for a business electric car loan

STEP 1: GET A QUOTE

Tell us about your business loan needs and immediately receive quotes from over 90+ bank and non-bank lenders.

STEP 2: GET APPROVED

Confirm your quote and we handle your business loan approval so you can focus on what matters—your business.

STEP 3: GET FUNDED

Sign your finance documentation and receive funding. It is that simple.

Get a quote
Requesting a quote has no impact on your credit score.

What sets us apart

DIY business loans
Lender access
Access to 90+ lenders matched to your business profile
Limited to the lenders you can find
Expert guidance
A lending expert is with you every step of the way
No expert help- you're on your own to understand requirements and loan options
Time investment
One single application
Multiple applications and follow-ups with different lenders
Matching accuracy
Our product-matching software combined with human insight pairs you with best-fit lenders
Trial and error- may apply to several lenders who aren't suitable
Application process
Streamlined, digital, and guided
Manual and varies across lenders
Approval speed
Funding in as little as 24 hours
Slower, as each lender has its own process
Chances of approval
Higher chance of approval with tailored lender matching
Risk of rejection when applying with the wrong lender or product
Understanding loan terms
Our lending experts make sure you fully understand the terms before you say yes
You’ll need to interpret lender jargon and fine print yourself

How we help fuel your business growth

ONE APPLICATION TO 90+ LENDERS

We simplify business finance by handling the hard work. Complete a quick form or speak with a specialist, and we’ll match you with the right solution from 90+ lenders—often within 24 hours.

PERSONALISED SUPPORT

Our expert brokers cover all areas of commercial finance. From your first quote to settlement and beyond, you’ll have a dedicated broker by your side—ready to support your funding needs now and in the future.

BUILT FOR AUSTRALIAN SMEs

Since 2015, we’ve helped over 20,000 Australian SMEs across every industry access $2.5+ billion in funding—supporting them through challenges and unlocking new opportunities.

FAQ's

Is it financially better to buy an electric car?
What is the typical interest rate for a EV car loan?
Can I include charging infrastructure in my loan?
Can I refinance my existing business car loan for an EV?
Is it worth leasing an electric car through my business?
Do hybrid cars qualify for taxes?

Hear from our clients

This will be a short blurb about the Carpenter and his business and how financing helped his needs etc

Awards & key milestones

Our milestones are a testament to the amazing people behind Valiant.

INDUSTRY SUPPLIER OF THE YEAR_FINALISTFINANCE BROKER OF THE YEAR_COMMERCIAL ASSET&EQUIPMENT_FINALISTASSET & EQUIPMENT SME BDM OF THE YEAR_WINNERABA_Finance_Broker of the yearCFA24_Finalists_Customer Service Broker of the YearABA_2024-Finalist_Asset Finance Broker of the Year 1CFA24_Finalists_Cash Flow Finance Broker of the YearCFA24_Finalists_Asset Finance Brokerage of the Year
fba2017_lending-innovatorABA_Finance_Broker of the year
INDUSTRY SUPPLIER OF THE YEAR_FINALISTFINANCE BROKER OF THE YEAR_COMMERCIAL ASSET&EQUIPMENT_FINALISTASSET & EQUIPMENT SME BDM OF THE YEAR_WINNERABA_2024-Finalist_Asset Finance Broker of the Year 1CFA24_Finalists_Customer Service Broker of the YearCFA24_Finalists_Cash Flow Finance Broker of the YearCFA24_Finalists_Asset Finance Brokerage of the Year