The Australian Future Fuels Fund aims to address barriers to the roll out of new vehicle technologies. The opening round of Future Fuels Fund will provide 16.5 million AUD in grants to support EV fast-charging stations across capital cities and regional centres. The Fund is being administered by the Australian Renewable Energy Agency (ARENA). This announcement adds to the 21 million AUD the government has already invested through ARENA for two major EV charging networks across Australia.
Target sites include: NSW Central Coast, Wollongong, Geelong, the Sunshine Coast and the Gold Coast. Each location is expected to receive a minimum of four fast-charging stations.
On 30 July 2021, under the first round of applications for the Future Fuels Fund, the Australian Renewable Energy Agency (ARENA) announced a 24.55 million AUD package for funding five applicants across 19 projects to expand Australia's charging network for battery electric vehicles. Up to 400 charging stations are expected to be built.
In November 2021, the Governed decided to expand the Future Fuels Fund to AUD 250 million, to increase the support to urban and regional infrastructure in Australia.
On 19 February 2022, the second round of applications for the Future Fuels Fund set aside AUD 127.9 million to support the integration of electric vehicles technologies in light and heavy vehicles fleets.