The Clean Energy Finance Corporation has extended its support for lenders offering discounted electric vehicle loans, with a commitment of up to $20.5 million to Taurus Motor Finance. Under the terms of the deals Taurus will offer EV loans with rates that are lower than the rates on its standard car loans. The discounted loan will be available for the purchase of all battery electric vehicles and high performance plug-in hybrid models under A$90,000. CEFC’s deal with Taurus comes in the same week a bill was passed creating a fringe benefits tax exemption for eligible EVs provided to employees by their employers. The Treasurer said in a statement that for a car valued at $50,000, the employer benefit would be $9000. CEFC has previously committed $45 million to support consumer lender Plenti Group, which also offers discounted loans for EVs and associated products, such as EV chargers. The support is via an investment in a Plenti warehouse. It has also worked with Eclipx and Firstmac. Recently it committed to an investment of as much as $200 million with ANZ for a program to provide discounted clean energy finance for business customers. The finance will fund renewable energy installation, energy-efficient agricultural equipment, recycling technology and EVs.