The New South Wales State Government has come up with two compelling reasons to make your next car electric. From September 1 this year there will be:
- No stamp duty payable on EVs that cost under $78,000
- $3000 rebate for the first 25,000 buyers of EVs that cost under $68,750
“Our transport sector currently makes up 20% of NSW emissions, with almost 50% from passenger vehicles. Electric vehicles are not only cheaper to run and quieter on our roads, but they also reduce both carbon emissions and air pollution which results in dramatically improved health outcomes for our communities.”Andrew Constance, NSW Transport Minister
The NSW Government is investing half a billion dollars on tax cuts and incentives to make it easier to afford an EV over the next four years. It estimates the average NSW driver will save around $1000 a year in running costs by switching to an EV. Savings can be up to $7500 a year for businesses, taxis and freight. EVs buyers become eligible for the stamp duty waiver and rebate once the backdated legislation passes in parliament.*
“I’m excited by our area having cleaner air and quieter streets, with buses, cars, scooters and bikes being powered by the sun. These incentives plus the ongoing lower running costs of an EV will help many people to go electric”Ursula Hogben, Co-founder, Zero Emissions Sydney North
With such great reasons to go electric, interest in electric cars continues to grow. The Australian Electric Vehicle Association (AEVA) keeps an up to date list here. Prices (for new cars) range from $45000 for a brand new MG EV to north of $200k for an electric Porsche.
We’ll be talking with Michael Day, NSW Chair and National Treasurer of AEVA at our free community online event on Tuesday 19 Oct at 7pm. Join Ursula Hogben and Michael Day talking EVs, incentives, bidirectional charging and more. It’s free but spaces are limited so book here: https://events.humanitix.com/zero-emissions-transport-tue-19-oct
*Both incentives apply to battery and hydrogen fuel cell EVs, not plug-in hybrids.