Key features of the Electric Ready Lease by Volvo include:
– An interest rate discount of up to 0.5 per cent for eligible Volvo Trucks’ customers to lease medium and heavy duty electric trucks including leasing of EV Chargers.
– Finance for residual value support to reduce operating lease costs and support the future value of the Volvo electric trucks under lease.
Volvo Group Australia has committed to manufacture Volvo electric trucks at its Queensland production facility as part of its broader sustainable manufacturing plans. The company has produced more than 80,000 trucks since it began manufacturing at Wacol in 1972.
Volvo Group Australia President and CEO Martin Merrick said: “The announcement of this finance comes at a critical time for Australia’s net zero ambitions. We know the cost of entry is a significant hurdle to overcome for many of our customers wanting to take the first steps towards implementing electric transport solutions in their businesses.”
Volvo Financial Services Managing Director David McGuire added: “This program is designed to make the transition more affordable, allowing more of our customers to take that first vital step towards a fossil-free future for the benefit of all Australians. I have no doubt that working with the CEFC will act as a key enabler that will help drive the uptake and adoption of heavy electric vehicles.”
Transport accounts for up to 22.3 per cent of Australia’s national emissions and is the fastest growing source of emissions.
Road transport makes up 84 per cent of all transport emissions. However 34% of Australia’s transport task is urban distribution, A sector ideal for electric vehicle applications.
