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 1. News
 2. Home
 3. Electric Vehicle Incentives in Australia


ARE THERE ANY INCENTIVES FOR OWNING AN ELECTRIC VEHICLE IN AUSTRALIA?

 

Electric Cars are exploding in popularity in Australia. In the not-too-distant
future, don’t be at all surprised to see electric vehicles replace the
traditional petrol and diesel models as the primary choice for Australian
Motorists.

That brings us to the question, are there any incentives for owning an Electric
Vehicle in Australia? The answer is a resounding yes! However, incentives do
vary from state to state.

Along with added environmental benefits, electric vehicle owners can claim tax
and registration incentives for an electric vehicle purchase depending on the
state you reside in. With Australia’s new emission plan continuing to expand,
further incentives may come available in the years ahead.

Shop for Cars has put together the current incentives for buying an electric
vehicle in Australia.


FEDERAL INCENTIVES

Electric Vehicles in Australia are eligible for the Luxury Car Tax. The Luxury
Car Tax is levied at 33c on each dollar spent above the indicated threshold. For
standard diesel and petrol cars the threshold is $69,152. For electric vehicles
the threshold is $79,659.

The new government incentive can save Motorists up to $3000 off their Electric
Vehicle Purchase.

To stay ahead of the current Luxury Car Tax Threshold, visit the ATO link here.


NEW SOUTH WALES

For Electric Car Buyers in NSW, the Government offers a $3,000 rebate to the
first 25,000 new battery electric vehicles that are sold with a value of less
than $68,500.

To learn more about the rebate and to apply, visit the NSW Government website
link here.

On top of the rebate, NSW electric car buyers can also claim the stand duty
exemption. The stamp duty exemption is available for all electric vehicles up to
and including the value of $78,000.

To read more about the no stamp duty for electric vehicles in NSW, visit the
official government website page here.


VICTORIA

The Victorian Government offers Electric Car Buyers a ZEV Subsidy of $3,000 on
new zero emissions vehicles with a total value of $68,740. The subsidy is only
available to 4,000 registrations and you need to apply.

To learn more about the ZEV Subsidy and to apply click here.

On top of this, Victorian Electric Vehicle buyers are exempt from the luxury
vehicle stamp duty tax. Victorians only need to pay a rate of $8.40 per $200 of
the vehicles market value. Owners will also receive an annual $100 discount on
registration fees.




QUEENSLAND

Electric and Hybrid Car Buyers in Queensland are offered reduced stamp duty.
Motorists will only need to pay $2 per $100 of the vehicles value up to $100,000
valued electric and hybrid vehicles. This is compared to $6 per $100 for petrol
and diesel vehicles.

To learn more about the savings in Queensland visit the official government
website link here.


SOUTH AUSTRALIA

The South Australian Government offers a $3000 rebate for the first 7,000 new
electric vehicles sold with a vehicle value less than $68,750 including GST.
Additionally, Motorists can claim three years of free registration.

To read more about South Australia’s Electric Vehicle Incentives and to apply
for the rebate, visit the official SA Government link here.


AUSTRALIAN CAPITAL TERRITORY

The ACT offers all new electric and zero emissions vehicles a full stamp duty
exemption. Along with this Motorists can also receive two years of free
registration if the electric vehicle was purchased after the date of 24th May
2021 and before 30th June 2024.

To help with the transition to electric vehicles the ACT Government also offers
interest fee loans of up to $15,000 to assist with buying an electric vehicle.

To learn more about the ACT incentives visit the official government website
link here.


TASMANIA

In Tasmania, the government offers a two-year stamp duty exemption on both brand
new and used electric vehicles. The stamp duty exemption is available for two
years and is aimed at reducing the costs for motorists to switch to greater
environmentally friendly vehicles.

To learn more about Tasmania’s Electric Vehicle incentives click here.


NORTHERN TERRITORY

To take effect in July 2022, The Northern Territory Government will provide
electric vehicle purchasers free registration and reduction of $1500 off stamp
duty for electric vehicles costing up to and including $50,000.

To read more about the incentives for Electric Vehicles in the Northern
Territory click here.


WESTERN AUSTRALIA

Unfortunately for Electric Car Buyers in Western Australia there are no
incentives or rebates available. It has been found the WA government is rather
focusing on charging stations and infrastructure for motorists.


FINAL WORD,

There are many great reasons to make the switch from a petrol or diesel vehicle
to electric. Many states have introduced great incentives to make it easy to
switch to electric vehicles. With Australia’s plan to reach net zero by 2030, it
is believed more incentives will become available.

We hope you enjoyed reading this article. To read more articles like this,
please visit the Shop for Cars latest news page here.




ABOUT SHOP FOR CARS,

Shop for Cars is Australia’s first car dealership-only online classified. Shop
for Cars brings you the best quality new and used vehicles from trusted motor
dealers Australia wide. Shop for Cars currently has over 12,500 cars listed for
sale all from licensed Motor Vehicle Dealers ONLY.

Click here to begin your search.

DISCLAIMER: The above information has been taken from the Official Government
Websites. Shop for Cars assumes no responsibility for changes to the incentives
above. Please refer directly to the government website for the most updated toll
relief costs.

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