Fleet News Group podcast host Caroline Falls talks with Richard Lovell, executive director and head of debt markets at the Clean Energy Finance Corporation, about the Federal Government-backed green bank’s investments to accelerate decarbonisation of the transport sector, including electrifying fleets.

“There's a few recent developments, that have been very conducive to the transport sector, on its pathway for decarbonisation. The first and most obvious is that at the passenger and light commercial end of that spectrum, we are seeing increased vehicle availability through a number of manufacturers bringing greater numbers of electric vehicles to Australia, the number of types of models as well as the number of actual cars has been increasing. And that's really important because for fleets in particular, it's critical that vehicles are suitable,” said Lovell.

He said he expects this diversity of available EV models in Australia to accelerate as manufacturers start to step up their ambitions to transition their own manufacturing in line with set targets.

Similarly, an expansion of vehicle charging options and networks is stimulating fleet electrification, said Lovell, adding it was a more complex part of the puzzle. 

“Charging infrastructure is quite a challenge, because it is difficult to undertake classic investment that sees charging infrastructure as a typical infrastructure asset which replace steady cash flows over the life of its use in order to repay the capital costs and generate a profit. That's really hard with charging infrastructure for a whole bunch of reasons.