NSW government EV incentives to be pushed through parliament

Purchasers of new electric vehicles will be able to claim rebates worth $3,000 and refunds on stamp duty retrospectively if legislation underpinning the NSW Government’s $490 million Electric Vehicle Strategy passes in its entirety when NSW Parliament resumes.

NSW Treasurer Dominic Perrottet, Transport and Roads Minister Andrew Constance, and Energy and Environment Minister Matt Kean, announced the support measures this week, in what appears to be the country's most generous EV package in the coutry.

“We will keep to our September 1 go-live date, however, it is important both the industry and those considering purchasing an EV understand the availability of incentives is contingent on the Electric Vehicles (Revenue Arrangements) Bill 2021 passing Parliament.” said Treasurer, Dom Perrottet.

If legislation passes, retrospectively from 1 September 2021, EV purchasers will be able to apply for a refund for the following:

• Stamp duty on eligible EVs (battery and hydrogen fuel cell vehicles) priced up to $78,000 and
• A rebate of $3,000 for the first 25,000 eligible EVs under $68,750.

“Our aim remains to increase EV sales to more than 50 per cent of new cars sold in NSW by 2030 and for EVs to be the vast majority of new cars sold in the State by 2035,” Environment Minister Kean said.

Details of the program can be found here:

https://www.nsw.gov.au/initiative/nsw-governments-electric-vehicle-strategy