The federal government's proposed Green Car Investment Fund should start next year and be doubled to $1 billion, a review of the automotive industry has recommended. The review, headed by former Victorian premier Steve Bracks, was commissioned after Mitsubishi closed its factory in South Australia earlier this year. The Labor Party promised the $500 million fund during the election campaign last year. According to the review, if the fund is successful in its first two years, it should increase to $1 billion and extend beyond its initial five-year term. The fund would bestow cash grants available to everyone, including international firms as long as "eligible activities" are performed in Australia. In addition, the fund should not prescribe particular automotive technologies.
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机译：联邦政府提议的“绿色汽车投资基金”（Green Car Investment Fund）应于明年启动，并增加一倍，至10亿美元，该报告对汽车行业进行了评估。由前维多利亚州州长史蒂夫·布拉克斯（Steve Bracks）领导的审查是在三菱于今年早些时候关闭其在南澳大利亚的工厂后进行的。工党承诺在去年的竞选期间提供5亿美元的资金。根据审查，如果该基金在头两年成功，它将增加到10亿美元，并超过其最初的五年期限。只要“合格活动”在澳大利亚进行，该基金将向包括国际公司在内的所有人提供现金补助。此外，该基金不应规定特定的汽车技术。
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