Low-interest EV loans offered for workers earning less than $100k | ABC News

Workers earning less than $100,000 a year will be able to purchase electric vehicles using low-interest loans that the federal government says will save them thousands of dollars in interest.
Essential workers like police officers, teachers, fire fighters and nurses will also be able to access the loans regardless of income.
The loans will be on offer through Commownealth Bank for new and used electric vehicles worth up to $55,000.
The government says the loans will be offered at interest rates up to 5 percentage points lower than the standard rate, which could save more than $8,000 in interest for a $40,000 loan repaid over seven years.
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