Hydrogen is here! Hydro cars to help emissions reach net zero by 2050

Electric vehicles have taken well to Aussie roads, with EV sales up 120% since 2022. They are touted as the environmentally friendly option compared to their fuel powered equivalents, but Australian science agency CSIRO has recently come out with a new report about the next big eco car - the hydrogen vehicle.
In the report, CSIRO says that hydrogen-powered transport is needed in addition to electric vehicles if Australia is to achieve net zero CO2 emissions by 2050.
What is a hydrogen vehicle
If you aren’t an electric vehicle enthusiast, you might be wondering what this type of car is and how it works, so let’s break it down. One popular type of hydrogen powered car is the hydrogen fuel cell electric vehicle (FCEV). The FCEV converts the gas hydrogen that lives inside a tank in the car into electricity that powers the motor. How does it convert? Science.
What makes FCEVs different to EVs is that they don’t need a battery - they have a ‘fuel cell’ and are able to make their own electricity. Hydrogen powered vehicles are also able to travel longer distances without needing a refuel.
Why do we need FCEVs
CSIRO’s chief scientist, Professor Bronwyn Fox has suggested that Australia needs to urgently decarbonise its transport sector, which currently accounts for 18.6% of our greenhouse gas emissions.
Of this 18.6%, heavy vehicles are a huge contributor to these emissions - which could potentially be replaced by FCEVs. This is because hydrogen-powered vehicles are quicker to refuel, have a greater range between refuelling stops and can maximise their payload because they don’t need to carry large, heavy batteries required by electric vehicles.
FCEVs in Australia
The uptake of FCEVs in Australia is pretty low, with not a lot of infrastructure supporting them. Executive advisor at GHD Advisory and lead author of the report, Shawn Wolfe says Australia currently has only five hydrogen refueling stations in operation, with 20 planned or still under construction.
“The pace of the transition to hydrogen-powered transport is moving a lot faster internationally than in Australia,” Wolfe said.
But if you’re interested, which FCEVs are currently available to drive in Australia?
Hyundai Nexo

The Hyundai Nexo was the first FCEV to be made available in Australia. The Nexo is priced at around $79,000 and produces 120 kW of power.
How far can it travel before needing a refuel? There is onboard hydrogen gas storage of up to 156.5 litres, which offers over 660km of range.
Toyata Mirai

The Toyota Mirai is also available for purchase in Australia, which has a cheaper starting price of $49,500. If you are interested in taking it for a spin, it produces 114 kW of power.
Before needing a refuel, it can travel a claimed range of 650km using 141 litres of onboard hydrogen gas storage.
The FCEV is only a new concept to the Australian market, with the infrastructure still needing to be built to support their rise. However, if you are interested in purchasing an FCEV or even an EV to help in the battle of a greener environment, a car loan could be a handy tool to get you on the road.
Making sure you are getting the best rates is essential when thinking about taking out a car loan. Check out some of our editors' picks for best car loans, or compare car loans below.
Car loan comparisons on Mozo
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Promoted

New Car Loan
- up to 4 years old, Fixed, Secured
Go to site- Interest rate from
-
5.99
%
p.a.
- Comparison rate from
-
6.34
%
p.a.
Based on $30,000 over 5 years
- Monthly repayment
-
$608
Fast online conditional approval. No monthly account fee. Unrestricted additional repayments. No penalty for early payout, and a fast application process. Borrow up to $125,000. Apply online in under 10 minutes.
- Interest rate
-
5.99
%
p.a.
- comparison rate
-
6.34
%
p.a.
Based on $30,000 over 5 years
- Upfront fees
-
$250
- Monthly fee
-
$0.00
- Exit fee
-
$0.00
- Early repayment penalty
-
$0.00
- Minimum loan amount
-
$2,000.00
- Maximum loan amount
-
$125,000.00
- Minimum loan term
-
1 Year
- Maximum loan term
-
7 Years
- Security required
-
Vehicle
- Car type
-
New or used
- Maximum car age
-
4
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments allowed
-
yes
- Redraw allowed
-
no
- Other restrictions
-
Available for new vehicles or up to 4 years old
- Other benefits
-
-
Read reviews and learn more about IMB Bank car loans
Go to site -
Promoted

Used Car Loan
- Fixed, Secured, No vehicle age limit, $5,000-$100,000
Go to site- Interest rate from
-
5.95
%
p.a.
to18.99 % p.a.
- Comparison rate from
-
5.95
%
p.a.
to21.78 % p.a.Based on $30,000 over 5 years
- Monthly repayment
-
$608
Get a competitive fixed interest rate on a secured used car loan of up to $100,000 depending on your credit score. No vehicle age limits. Easy online application. Fast pre-approval. Pre-approved funds held for 1 month. No monthly account keeping fees, no exit fees and no early repayment fees. Flexible weekly, fortnightly or monthly repayments on terms from 1 to 7 years.
- Interest rate
-
5.95
%
p.a.
to18.99 % p.a.
- comparison rate
-
5.95
%
p.a.
to21.78 % p.a.Based on $30,000 over 5 years
- Upfront fees
-
$0
- Monthly fee
-
$0.00
- Exit fee
-
$0.00
- Early repayment penalty
-
$0.00
- Minimum loan amount
-
$5,000.00
- Maximum loan amount
-
$100,000.00
- Minimum loan term
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1 Year
- Maximum loan term
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7 Years
- Security required
-
Vehicle
- Car type
-
Used
- Maximum car age
-
-
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments allowed
-
yes
- Redraw allowed
-
no
- Other restrictions
-
Rate for Exceptional Credit. Upfront fee varies from 0% to 6% of the loan amount and is based on your OurMoneyMarket loan grade. The fee is added to the principal amount and paid over the loan term.
- Other benefits
-
-
Read reviews and learn more about OurMoneyMarket car loans
Go to site -
Promoted

New Car Loan
- Fixed, Secured, $5,000-$100,000
Go to site- Interest rate from
-
5.95
%
p.a.
to18.99 % p.a.
- Comparison rate from
-
5.95
%
p.a.
to21.78 % p.a.Based on $30,000 over 5 years
- Monthly repayment
-
$608
Get a competitive fixed interest rate on a secured new car loan of up to $100,000 depending on your credit score. Easy online application. Fast pre-approval. Pre-approved funds held for 1 month. No monthly account keeping fees, no exit fees and no early repayment fees. Flexible weekly, fortnightly or monthly repayments on terms from 1 to 7 years.
- Interest rate
-
5.95
%
p.a.
to18.99 % p.a.
- comparison rate
-
5.95
%
p.a.
to21.78 % p.a.Based on $30,000 over 5 years
- Upfront fees
-
$0
- Monthly fee
-
$0.00
- Exit fee
-
$0.00
- Early repayment penalty
-
$0.00
- Minimum loan amount
-
$5,000.00
- Maximum loan amount
-
$100,000.00
- Minimum loan term
-
1 Year
- Maximum loan term
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7 Years
- Security required
-
Vehicle
- Car type
-
New
- Maximum car age
-
-
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments allowed
-
yes
- Redraw allowed
-
no
- Other restrictions
-
Rate for Exceptional Credit. Upfront fee varies from 0% to 6% of the loan amount and is based on your OurMoneyMarket loan grade. The fee is added to the principal amount and paid over the loan term.
- Other benefits
-
-
Read reviews and learn more about OurMoneyMarket car loans
Go to site
-

New Car Loan
- up to 4 years old, Fixed, Secured
Go to site- Interest rate from
-
5.99
%
p.a.
- Comparison rate from
-
6.34
%
p.a.
Based on $30,000 over 5 years
- Monthly repayment
-
$608
Fast online conditional approval. No monthly account fee. Unrestricted additional repayments. No penalty for early payout, and a fast application process. Borrow up to $125,000. Apply online in under 10 minutes.
- Interest rate
-
5.99
%
p.a.
- comparison rate
-
6.34
%
p.a.
Based on $30,000 over 5 years
- Upfront fees
-
$250
- Monthly fee
-
$0.00
- Exit fee
-
$0.00
- Early repayment penalty
-
$0.00
- Minimum loan amount
-
$2,000.00
- Maximum loan amount
-
$125,000.00
- Minimum loan term
-
1 Year
- Maximum loan term
-
7 Years
- Security required
-
Vehicle
- Car type
-
New or used
- Maximum car age
-
4
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments allowed
-
yes
- Redraw allowed
-
no
- Other restrictions
-
Available for new vehicles or up to 4 years old
- Other benefits
-
-
Read reviews and learn more about IMB Bank car loans
Go to site -

Low Rate Personal Loan
- Exceptional Credit, $5,000 - $75,000, or up to $100,000 for eligible purposes
Go to site- Interest rate from
-
5.95
%
p.a.
to18.99 % p.a.
- Comparison rate from
-
5.95
%
p.a.
to21.78 % p.a.Based on $30,000 over 5 years
- Monthly repayment
-
$608
Competitive low rates for borrowers with exceptional credit on 1-7 year loans from $5,000 up to $75,000 (or up to $100K for home improvements or car loans); no monthly account keeping fees, no exit fees and no early repayment fees. Winner of Mozo's Experts Choice Excellent Credit Unsecured Personal Loan 2024 and Excellent Credit Secured Personal Loan 2024 awards ^. Min. income of 25k after tax, to apply.
- Interest rate
-
5.95
%
p.a.
to18.99 % p.a.
- comparison rate
-
5.95
%
p.a.
to21.78 % p.a.Based on $30,000 over 5 years
- Upfront fees
-
$0
- Monthly fee
-
$0.00
- Exit fee
-
$0.00
- Early repayment penalty
-
$0.00
- Minimum loan amount
-
$5,000.00
- Maximum loan amount
-
$75,000.00
- Minimum loan term
-
1 Year
- Maximum loan term
-
7 Years
- Security required
-
Unsecured
- Car type
-
New or used
- Maximum car age
-
-
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments allowed
-
yes
- Redraw allowed
-
no
- Other restrictions
-
Rate for Exceptional Credit. Upfront fee varies from 0% to 6% of the loan amount and is based on your OurMoneyMarket loan grade. The fee is added to the principal amount and paid over the loan term.
- Other benefits
-
Loan amounts up to $100,000 are available for vehicle purchase or home improvement purposes.
Read reviews and learn more about OurMoneyMarket car loans
Go to site -

Used Car Loan
- Fixed, Secured, No vehicle age limit, $5,000-$100,000
Go to site- Interest rate from
-
5.95
%
p.a.
to18.99 % p.a.
- Comparison rate from
-
5.95
%
p.a.
to21.78 % p.a.Based on $30,000 over 5 years
- Monthly repayment
-
$608
Get a competitive fixed interest rate on a secured used car loan of up to $100,000 depending on your credit score. No vehicle age limits. Easy online application. Fast pre-approval. Pre-approved funds held for 1 month. No monthly account keeping fees, no exit fees and no early repayment fees. Flexible weekly, fortnightly or monthly repayments on terms from 1 to 7 years.
- Interest rate
-
5.95
%
p.a.
to18.99 % p.a.
- comparison rate
-
5.95
%
p.a.
to21.78 % p.a.Based on $30,000 over 5 years
- Upfront fees
-
$0
- Monthly fee
-
$0.00
- Exit fee
-
$0.00
- Early repayment penalty
-
$0.00
- Minimum loan amount
-
$5,000.00
- Maximum loan amount
-
$100,000.00
- Minimum loan term
-
1 Year
- Maximum loan term
-
7 Years
- Security required
-
Vehicle
- Car type
-
Used
- Maximum car age
-
-
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments allowed
-
yes
- Redraw allowed
-
no
- Other restrictions
-
Rate for Exceptional Credit. Upfront fee varies from 0% to 6% of the loan amount and is based on your OurMoneyMarket loan grade. The fee is added to the principal amount and paid over the loan term.
- Other benefits
-
-
Read reviews and learn more about OurMoneyMarket car loans
Go to site -

New Car Loan
- Fixed, Secured, $5,000-$100,000
Go to site- Interest rate from
-
5.95
%
p.a.
to18.99 % p.a.
- Comparison rate from
-
5.95
%
p.a.
to21.78 % p.a.Based on $30,000 over 5 years
- Monthly repayment
-
$608
Get a competitive fixed interest rate on a secured new car loan of up to $100,000 depending on your credit score. Easy online application. Fast pre-approval. Pre-approved funds held for 1 month. No monthly account keeping fees, no exit fees and no early repayment fees. Flexible weekly, fortnightly or monthly repayments on terms from 1 to 7 years.
- Interest rate
-
5.95
%
p.a.
to18.99 % p.a.
- comparison rate
-
5.95
%
p.a.
to21.78 % p.a.Based on $30,000 over 5 years
- Upfront fees
-
$0
- Monthly fee
-
$0.00
- Exit fee
-
$0.00
- Early repayment penalty
-
$0.00
- Minimum loan amount
-
$5,000.00
- Maximum loan amount
-
$100,000.00
- Minimum loan term
-
1 Year
- Maximum loan term
-
7 Years
- Security required
-
Vehicle
- Car type
-
New
- Maximum car age
-
-
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments allowed
-
yes
- Redraw allowed
-
no
- Other restrictions
-
Rate for Exceptional Credit. Upfront fee varies from 0% to 6% of the loan amount and is based on your OurMoneyMarket loan grade. The fee is added to the principal amount and paid over the loan term.
- Other benefits
-
-
Read reviews and learn more about OurMoneyMarket car loans
Go to site -

Secured Personal Loan
- Exceptional Credit, $5,000-$75,000 or up to $100,000 for eligible purposes
Go to site- Interest rate from
-
5.95
%
p.a.
to18.99 % p.a.
- Comparison rate from
-
5.95
%
p.a.
to21.78 % p.a.Based on $30,000 over 5 years
- Monthly repayment
-
$608
Get a secured personal loan with competitive low rates for borrowers with exceptional credit. A simple fixed interest rate that can be repaid weekly, fortnightly or monthly, over 1 to 7 years (10 years for Green Loans). Managed entirely online, at any time. No monthly account keeping fees, no exit fees and no early repayment fees. Quick and easy, 100% online application. Establishment fees apply.
- Interest rate
-
5.95
%
p.a.
to18.99 % p.a.
- comparison rate
-
5.95
%
p.a.
to21.78 % p.a.Based on $30,000 over 5 years
- Upfront fees
-
$0
- Monthly fee
-
$0.00
- Exit fee
-
$0.00
- Early repayment penalty
-
$0.00
- Minimum loan amount
-
$5,000.00
- Maximum loan amount
-
$75,000.00
- Minimum loan term
-
1 Year
- Maximum loan term
-
7 Years
- Security required
-
Vehicle
- Car type
-
New or used
- Maximum car age
-
-
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments allowed
-
yes
- Redraw allowed
-
no
- Other restrictions
-
Rate for Exceptional Credit. Upfront fee varies from 0% to 6% of the loan amount and is based on your OurMoneyMarket loan grade. The fee is added to the principal amount and paid over the loan term.
- Other benefits
-
Loan amounts up to $100,000 are available for vehicle purchase or home improvement purposes.
Read reviews and learn more about OurMoneyMarket car loans
Go to site -

Unsecured Personal Loan
Go to site- Interest rate from
-
6.17
%
p.a.
to21.99 % p.a.
- Comparison rate from
-
6.17
%
p.a.
to22.79 % p.a.Based on $30,000 over 5 years
- Monthly repayment
-
$610
Competitive fixed rates for borrowers on 1-7 year loans from $5,000 up to $50,000. $0 monthly fees and no early repayment fees to pay. Fast application process on the Revolut app. According to Revolut and subject to loan approval, you'll receive your money into your Revolut account straight away.
- Interest rate
-
6.17
%
p.a.
to21.99 % p.a.
- comparison rate
-
6.17
%
p.a.
to22.79 % p.a.Based on $30,000 over 5 years
- Upfront fees
-
$499
- Monthly fee
-
$0.00
- Exit fee
-
$0.00
- Early repayment penalty
-
0
- Minimum loan amount
-
$5,000.00
- Maximum loan amount
-
$50,000.00
- Minimum loan term
-
1 Year
- Maximum loan term
-
7 Years
- Security required
-
Unsecured
- Car type
-
New or used
- Maximum car age
-
-
- Repayment options
-
Monthly
- Extra repayments allowed
-
yes
- Redraw allowed
-
no
- Other restrictions
-
-
- Other benefits
-
For 6 and 7 year loan terms, rates are available from Revolut on request. Establishment fees range from $0-$499, are quoted on application and added to the loan amount.
Read reviews and learn more about Revolut car loans
Go to site -

Express Personal Loan
- Secured
Go to site- Interest rate from
-
16.95
%
p.a.
to29.95 % p.a.
- Comparison rate from
-
32.99
%
p.a.
to45.5 % p.a.Based on $10,000 over 3 years
- Monthly repayment
-
$713
Access fast finance on loans from $3,000 to $25,000 with a Jacaranda Finance Personal Loan. Terms from 25-36 months. Check if you qualify with no impact on your credit score. Enjoy a speedy, online approval.
- Interest rate
-
16.95
%
p.a.
to29.95 % p.a.
- comparison rate
-
32.99
%
p.a.
to45.5 % p.a.Based on $10,000 over 3 years
- Upfront fees
-
$1,190
- Monthly fee
-
$26.00
- Exit fee
-
$0.00
- Early repayment penalty
-
0
- Minimum loan amount
-
$3,000.00
- Maximum loan amount
-
$25,000.00
- Minimum loan term
-
2 Years
- Maximum loan term
-
3 Years
- Security required
-
Various, Vehicle
- Car type
-
New or used
- Maximum car age
-
-
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments allowed
-
yes
- Redraw allowed
-
no
- Other restrictions
-
Application fee from $125 to $1,190. Additional Risk Fee of $0 to $995 applies. Minimum loan term is 25 months.
- Other benefits
-
-
Read reviews and learn more about
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Your selected car loans
* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
^See information about the Mozo Experts Choice Personal Loan Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.



