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Industry Disappointed by Abolition of Green Car Innovation Fund

The peak automotive body the Federal Chamber of Automotive Industries has indicated its disappointment at the Government’s decision to abolish the GCIF, announced today.

“It is a bitterly disappointing decision and one which is to be regretted”, FCAI Chief Executive, Andrew McKellar said.

“The Green Car Innovation Fund has delivered significant dividends, helping to secure key investment decisions for new models and investment in more environmentally friendly vehicles and technology”, he said.

Mr McKellar said, “the program was originally put in place in response to the 2008 review of the automotive industry, after extensive consultation with the industry and other stakeholders and it is a key element of the Government’s new Car Plan.

“The decision to abolish the Green Car Innovation Fund comes as an unwelcome surprise and it sends an adverse signal to international investors responsible for future investment in the Australian industry”, he said.

“We urge the Government not to renege on the clear policy framework which it has implemented to secure new investment and jobs in the industry.  We urge the Government to re-think this decision”, Mr McKellar said.