On 24 April 2009 Minister Carr opened the Green Car Innovation Fund for applications. The GCIF is part of the Government’s A New Car Plan for a Greener Future.
Information sessions will be held in May 2009 to provide information on the GCIF.
The $1.3 billion GCIF will provide assistance over ten years, commencing 2009-10, to Australian companies for projects that enhance the research and development and commercialisation of Australian technologies that significantly reduce fuel consumption and/or greenhouse gas emissions of passenger motor vehicles.
Grants are provided at a ratio of $1 of government funding for every $3, of eligible expenditure, contributed by the grantee.
See previous blog Green Car Innovation Fund 2009
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