Wondering which incentives are available to help with purchasing an electric vehicle? Currently, each Australian State and Territory has its own set of policies with different features and eligibility rules, making it challenging to understand.
National:
The primary incentive at the national level is the Electric Car Discount, which provides an exemption from Fringe Benefits Tax for novated leases and company cars. You can read more about how to take advantage of this EV incentive here.
Australian Capital Territory:
Registration discount, stamp duty discount, zero interest loan.
Western Australia:
$3,500 rebate for EVs up to $70,000.
Tasmania:
$2,000 rebate for new and used EVs.
Northern Territory:
Registration discount & stamp duty discount
New South Wales*:
The stamp duty exemption and the rebate for all eligible EV purchases ended on 1 January 2024. You can find out more here.
Queensland:
The rebate for all eligible EV purchases ended on 2 September 2024. You can find out more here. However, EV owners are eligible for a 1% discount on stamp duty, and a small discount on annual registration cost.
South Australia*:
The rebate for all eligible EV purchases ended on 1 January 2024. However, EV owners are eligible for a 3-year registration discount. You can find out more here.
Victoria*:
The Zero Emissions Vehicle Subsidy is now closed in Victoria. However, EV owners remain eligible for a registration discount.
*While NSW, SA and VIC have made progress in promoting EV adoption through rebates, it’s disheartening that the these governments have decided to prematurely scrap their EV incentives. The NSW incentives have played a crucial role in driving a remarkable 400% increase in EV sales, with a shift towards middle-income and suburban communities, aligning with our goal of broad EV adoption. These sudden policy changes not only jeopardise our climate targets, including the 43% emission reduction goal and the broader aim of achieving net-zero emissions, but also disproportionately affect those who cannot lease vehicles, particularly in regional areas. The EVC calls on all Australian governments to maintain incentives for EV uptake until the Australian market reaches at least 30% EV sales.