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The Government has updated the way it co-invests with the private sector in rolling out public EV charging infrastructure. It will provide concessionary loans to private operators to co-invest in public EV charging infrastructure.
The Government is targeting 10,000 chargers by 2030, and updating the co-investment model is aimed at speeding up the roll-out of public EV chargers.
Previously, the Government’s investment in EV chargers consisted of direct grants to private operators. To deliver the new concessionary loan scheme, the Government set aside up to $68.5 million in currently held grant funding.
The new EV charging initiative will be administered by National Infrastructure Funding and Financing, while EECA will provide assistance as required.
A Request for Proposals (RFP) for interested parties is expected to be released shortly.