The NSW Government’s EV Strategy will drive sales of EVs to more than 50 per cent of new car sales by 2030-31, preparing the NSW road network for a low-emissions future.
Under this EV Strategy, the NSW Government is stating it's making it easier to afford an EV by providing incentives and phasing out stamp duty on eligible EVs.
Transitioning the entire NSW Government passenger fleet to EVs by 2030.
Investing $171 million to build world class road network of ultra-fast charging stations.
Introducing a distance-based road user charge (RUC) for eligible EVs of 2.5c/km from the earlier of 1 July 2027 or when EVs reach 30 per cent of new vehicle sales.
Treasurer Dominic Perrottet said $490 million is being committed in the 2021-22 NSW
Budget to cut taxes, incentivise uptake and reduce barriers for electric vehicle
purchases over the next four years.
“Our comprehensive strategy is about making sure we have the right mix in place to
incentivise the take-up of electric vehicles while ensuring everyone who drives on our
roads contributes to funding and maintaining them,” Mr Perrottet said.
Incentives
Rebates for electric vehicle purchases;
Beginning 1 September 2021, the NSW Government will offer $3,000 rebates for the first 25,000 new battery electric and hydrogen fuel cell vehicles purchased for less than $68,750 (price inclusive of GST).
This incentive, along with the removal of stamp duty will save eligible EV purchasers up to $5,540, and help drive the uptake of EVs to more than 50 per cent of all car sales by 2030-31.
No stamp duty payable on electric vehicle purchases
From 1 September 2021, purchasers of new and used battery electric and hydrogen fuel cell vehicles purchased for under $78,000 (incl GST) will not pay stamp duty. This will put up to $3,000 back into the pocket of EV purchasers.
Funding for electric vehicle infrastructure
The NSW Government has committed $171 million to help build world class electric vehicle charging infrastructure over the next four years.
This investment will ensure everyone in NSW has access to charging infrastructure:
at every 5km along Sydney’s major commuter corridors
on average every 100km along major highways in NSW
within 5km of residential areas with limited off-street parking, and
in or near commuter car parks and other Transport for NSW owned land.
The government stated they are committed to making EV travel easy for everyone, ensuring NSW roads will be fully compatible for EV travel within the next four years.
The NSW Government will provide more details on the EV strategy and how to apply for a stamp duty exemption in the coming weeks.
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