Financing boost for importer of second-hand electric cars

More used electric cars will soon be on their way to Australia thanks to a $10 million investment in Australia’s largest importer of second-hand electric vehicles (EVs), The Good Car Company.

A declaration of the company said the investment from the philanthropic company Boundless went two of the biggest barriers to EV adoption in Australia: supply and affordability, and would increase the number of second-hand electric vehicles it imports per year tenfold, from about 200 to 2,000 vehicles.

Founded in Tasmania, The Good Car Company imports new and used electric vehicles from the UK and Japan, ranging from small cars to light commercials and with prices starting at $20,000.

Imported pre-owned EV models include the Nissan Leaf, the Nissan eNV200 electric van and the Peugeot e-expert electric van.

The company also has new EVs available for fleet purchase, such as the Polaris 2 and Hyundai Kona.

The Good Car Company says that all of its imported electric vehicles are offered with full consumer protections, such as a battery warranty, recall notification service and roadside assistance.

2018 Nissan Leaf sold on the Good Car Company website.

A 2018 Nissan Leaf sold on The Good Car Company website.

The Good Car Company co-founder and director, Anthony Broese van Groenou, said the increased capacity brought about by the Boundless investment will have a transformational impact on Australian communities.

“We delivered Australia’s first mass purchase of community electric vehicles in 2019 and every year we see more and more people wanting to transition to electric vehicles and the opportunities they open up,” said Mr Broese van Groenou.

“Australia is comparatively underserved for the availability and affordability of electric vehicles and we are excited that our community model has been recognized as a great way to change that.”

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Boundless CEO Eyton Lenko said his organization’s investments, initiatives and partnerships were focused on ensuring Australia becomes a renewable energy superpower by 2030.

“With transport accounting for 18% of Australia’s emissions, we knew our first priority had to be to bridge the growing gap between demand for electric vehicles among Australians and the available supply at an affordable price,” said Lenko.

“The Good Car Company is a perfect fit and we have been impressed by their continued advocacy for investment in the electric vehicle industry as a whole..”

More Australians are buying electric vehicles with the Federal Chamber of Automotive Industries (FCAI) New Vehicle Sales figures for September 2022 showing a total of 7,247 EVs sold during the month.

Year-to-date sales figures of 21,771 EVs represent a small but growing overall market share of 2.7%.

The Good Car Company said additional EV models would be available in Australia for purchase outside of its website from early 2023.

The vehicles will also be available through a series of community “buy in bulk” campaigns across the country.

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