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Electric vehicle (EV) incentives in Australia 2022 – Dubai Car News

EV Guide: Australian electric vehicle incentives by state

If rising fuel prices have you thinking that your next car purchase might be an electric vehicle – this is for you.

Find out what incentives are being offered in your part of the country, what the infrastructure is like (or will be in the coming years) and if the state or territory government plans to introduce a road user charge for EVs.

Jump ahead.

EV subsidies

9

Federal

Privileges

  • There are no direct federal incentives to buy an electric vehicle, although the Labor government launched its first electric vehicle strategy in September 2022, which is currently open for consultation.

Tax

  • The luxury car tax threshold for low-emission vehicles has been raised to $84,916 from the starting rate of $71,849 for a standard vehicle.
  • The new government has included plans in its 2022/23 budget to remove the Fringe Benefits Tax and the five per cent import tariff for EVs priced under the LCT threshold.

    The FBT savings is $9000 per year for an employer, or $4700 for an individual for a $50k electric vehicle salary sacrifice deal.

    According to the documents, the reduction in import tariffs reduces purchase prices by another $2,500.

Charging network

  • Federal EV infrastructure is funded through the Future Fuels Fund, administered by the Australian Renewable Energy Agency (ARENA). This included a joint investment of $24.5 million with the private sector to roll out 400 public fast charging stations.

    More recently in the 2022/23 budget, Labor announced a $500 million ‘Driving the Nation Fund’, including 117 EV charging stations and hydrogen refueling stations for key freight routes.

Aim to lift

  • Net zero by 2050 and a 43% reduction in CO2 levels by 2030 – now passed into law at the end of 2022.

To boost the second-hand EV market as well as reduce CO2 emissions, the government has pledged that 75 percent of its fleet will be battery EVs by 2025. Also included for fleet electrification.

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New South Wales

Privileges

  • $3000 off first 25,000 EVs sold or FCEVs priced below $68,750 – but read the fine print, offer is at RRP Plus Delivery charge and optional extras
  • Stamp duty waived on both types of vehicles below $78,000 – all from September 1, 2021
  • EV drivers can also use the T2 and T3 transit lanes in NSW.
  • Waiver of registration fee.

Tax

  • 2.5c/km BEV, 2c/km PHEV – but only until 1 July 2027

Charging network

  • $171 million investment in infrastructure, including; $131m on ultra-fast chargers
  • $20 million in grants for destination points and $20 million for top-ups in public transport hubs
  • Working in partnership with the NRMA to provide 20 fast chargers on major highways in the state.

Aim to lift

  • By 2030, 50 percent of all new cars sold will be EVs.
  • Net zero by 2050.

Click here for more on NSW projects.

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EV Charger Level 2 Wall Box

9

Victoria

Privileges

  • A $3000 subsidy is given for the first 20,000 EVs sold or FCEVs priced below $68,740, as is the offer with NSW at RRP. Plus Delivery charge and optional extras
  • Reduced rate of stamp duty
  • $100 discount on annual registration.

Tax

  • 2.5c/km BEV, 2c/km PHEV from 1 July 2021

Charging network

  • The $19 million will fund plans to quadruple the number of new charging stations across the state – focusing on regional Victoria and popular tourist destinations.
  • The $5 million Destination Charging Across Victoria program will see an additional 141 fast charging stations installed in homes.

Aim to lift

  • 50 percent of all new car sales by 2030 and 100 percent by 2040
  • Net zero by 2050
  • $10 million to add 400 EVs to the government’s fleet over the next two years.

Click here to learn more about Victoria’s plans.

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Archive Which Car 2020 12 15 Miscellaneous PCA EV Chargers 045 Web

9

Queensland

Privileges

  • $3,000 off new BEVs on 15,000 cars up to $58,000 till 1st July 2022 Offer is at RRP like other states. Plus Delivery charge and optional extras
  • Lowest car registration for BEVs – $263 per year
  • The rate of stamp duty is lower as compared to ICE cars.

Tax

Charging network

  • Queensland has invested in an ‘electric superhighway’, currently the world’s longest electric fast-charging highway (in one condition) from the Gold Coast to Cairns and west from Brisbane to Toowoomba at 31 EV. With plugin sites.
  • Phase 3 of the Government’s strategy will see eighteen new charging sites added to the Superhighway, which will spread across regional Queensland.
  • $10 million (by March 2022) to build more charging stations.

Aim to lift

  • As of 1 June 2021, there were 4743 BEVs registered in Queensland, a 76% increase on the previous year.
  • 288 EVs in government fleet by end of 2022.

Click here for more on QLD projects.

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Types of EV Charging Plugs

9

Australian Capital Territory

Privileges

  • Two years free registration for BEVs and FCEVs till May 24, 2021
  • Older EVs are eligible for a 20 percent rebate on rego fees.
  • Stamp duty can also be waived on vehicles purchased for the first time.
  • ACT drivers are also able to access interest-free loans of up to $15,000 to cover the initial purchase cost of an electric vehicle up to $77,565.

Tax

  • None yet – distance and/or congestion based charging All vehicle types “May be considered in the medium term”.

Charging network

  • Currently, there are 42 public charging locations in the ACT – with another 50 to come next year.

Aim to lift

  • By May 2021 the ACT is fast approaching “1,000 registered electric vehicles.
  • Net zero emissions (not just from cars) by 2050.

Click here to learn more about ACT’s plans.

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Ice on the EV charger

9

Northern region

Motivation

  • BEVs and PHEVs will get cheaper REGO and stamp duty from July 2022, with the latter reducing by $1,500.
  • Exemption up to five years
  • Grants for home, workplace and public EV chargers, and opportunities to develop local skills to install service technology and infrastructure.

Tax

  • None – No current proposal, possibly long term.

Charging network

  • There are currently 32 charging stations – 30 public and two high-powered. The regional government plans to install at least 400 charging points on its buildings.

Aim to lift

  • In February 2019 (the latest data the NT Government can provide) there were 35 EVs registered in the Northern Territory, including 33 light and two heavy vehicles, representing 0.02% of the total vehicle fleet in the Northern Territory. are
  • No date has yet been set as to what percentage of vehicles should be EVs.
  • The government fleet will have 200 vehicles by 2030.

Click here to learn more about NT’s plans.

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Hyundai Kona Highlander EV badge

9

Tasmania

Privileges

  • Two years free stamp duty for new and second-hand EVs from July 1, 2021
  • Two years of free rego on EVs purchased through car rental companies and coach operators.

Tax

  • No plans at this time but will monitor based on what is happening in other states.

Charging network

  • The 12 fast chargers plus $600,000 in grants are committed to expanding the network in regional areas and tourist destinations.

Aim to lift

  • 100 percent of the government’s fleet will be electric by 2030.

Click here for more on Tasmanian projects.

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Kia plans EV push in Australia

9

South Australia

Privileges

  • 7000 subsidies worth $3000 are removed from the purchase price at the point of sale, for a limited (unspecified) time only to the value of $68,750 – a tough one, says SA, as the offer includes a delivery charge and optional extras. can or not on whether it is used for calculation of stamp duty.
  • Three years free registration
  • Up to $2,000 to install EV smart chargers at home, but limited to 7,500 households.

Tax

  • From 1 July 2022 to 1 July 2027 EV tax pushed back or increased by 30% (whichever comes first) – same as NSW
  • 2c/km for plug-in hybrid vehicles, and 2.5c/km for other electric vehicles
  • The arrears are calculated and billed as part of the vehicle registration process and based on the distance traveled since the last renewal.

Charging network

  • A $13.4 million investment in its charging network – expanding the points across the state to 530, most of which will have a capacity of 7kW.

Aim to lift

  • The SA government aims for EVs to be “common choice” by 2030 and “default” by 2035.
  • Adding PHEVs to its fleet as costs become more competitive, it aims to have its vehicles fully electric by 2030.

Click here for more on SA projects.

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Electric vehicle

9

Western Australia

Privileges

  • EVs are exempted from the 10 percent on-demand transport levy.
  • Biggest incentive offer in Australia – $3500 rebate for first 10,000 West Australians to buy an EV or FCEV from May 10, applying for vehicles under $70,000 before on-road costs, note offer is at RRP. Plus Delivery charge and optional extras.

Tax

  • EV tax will start from July 1, 2027.
  • 2c/km for plug-in hybrid vehicles, and 2.5c/km for other electric vehicles.

Charging network

  • 235 charging stations of varying capacity from <22kW to 350kW
  • The project is expected to be up and running by 2024, creating Australia’s longest EV fast charging network, adding 45 new points.
  • $22.6 million will be invested to upgrade, expand and improve WA’s electric vehicle charging infrastructure.
  • This includes: $10m earmarked to support non-profits and small and medium-sized businesses with grants for up to half the cost of installing charging infrastructure, $5m in grants for local government chargers; $4m to the Public Transport Authority to trial the installation of up to 20 charging bays at four train stations. and more than $2.9m for eight new points at four locations on a section of National Highway 1 between Norseman and Eucla.

Aim to lift

  • 25 percent of the government’s fleet electric by 2025/26
  • Net zero by 2050.

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