The finance industry is crucial in enabling consumers to transition to more sustainable transport options. As the only peak body representing over 150 members within the Australian finance industry, the Australian Finance Industry Association (AFIA) plays a significant part in advocating for policies that can help its members to enable consumers to make informed choices in their transition to sustainable transport.

The Australian automotive landscape remains dominated by traditional Internal Combustion Engine (ICE) vehicles, with the transport sector representing 21% of Australia’s domestic greenhouse gas emissions. This leaves a long journey ahead for Australia to meaningfully decarbonise transportation and achieve stated climate and net-zero targets.

Deloitte Access Economics has been engaged by the AFIA to deliver a report that explores how the finance sector is currently contributing to, and can further assist in, the transition to sustainable transport. The report identifies ten priority policy positions to further enable the adoption of sustainable transport options in Australia, triangulated across three key data collection workstreams. These include a literature and comparative policy review, engagement with AFIA members across a range of relevant transport and finance industries, and a public survey including almost 630 Australian consumers.