australia is one of the best countries in the world. we live in a safe, rich country, with a spectacular number of freedoms and opportunities. but there’s one thing on which we’ve been lagging behind, in comparison to other highly-developed countries: electric vehicle uptake.

it hasn’t been an issue of demand; over 54% of australians said they’d consider buying an ev as their next vehicle in 2021, according to the electric vehicle council. 

the issue has been incentivisation… or, until very recently, the total lack thereof. 

but the tables are already turning on that one, since labor has introduced tax exemptions for evs, and states and territories have introduced their own incentives too. here’s what you need to know about government assistance available for purchasing your first (or next) ev, depending on where you live.

all states

australia-wide, you can now buy/drive an electric vehicle without paying import tariffs or fringe benefits tax (fbt).

 

new south wales

new south wales are offering a $3000 rebate for the first 25,000 new battery electric and hydrogen fuel cell vehicles with a dutiable value of less than $68,750.

 

south australia

consider yourself lucky if you live in the wine state; the government is providing a $3,000 subsidy and a 3-year registration exemption on eligible new battery electric and hydrogen fuel cell vehicles first registered from 28 october 2021. as of 24 june 2022, there were still 6,760 electric vehicle subsidies remaining.

 

victoria

victoria are also offering a $3000 rebate for zero emission vehicles (zevs) with a dutiable value of less than $68,750.

 

queensland

$3,000 rebates are available to queensland individuals and businesses who have purchased a new zero emission vehicle (zev) with a dutiable value of up to $58,000 (including gst) on or after 16 march 2022. 

 

western australia

wa has raised the bar on their rebate amount, offering $3500 for the first 10,000 eligible zevs in wa, or for three years following the announcement (saturday 10 may 2025), whichever comes first.

 

tasmania

while tasmania isn’t offering any cash rebates, they are offering grants of up to $50,000 towards the upfront cost of purchasing and installing a direct current (dc) electric vehicle fast charging station in tasmania, for use by the public. they’re also waiving rego fees on evs purchased by rental car and tour bus companies for two years.

 

northern territory

nt has introduced a ev charger scheme, with 100 residential grants of $1,000 and 80 business grants of $2,500 available.

 

act

act are offering the highest number of incentives, offering two years of free rego, 20% ongoing rego discount after the first two years are up, 10-year loans with zero interest, and other rebates.

fingo can help you make the most of these incentives, wherever you are in australia. talk to their team of finance experts and step into your new zero-emission vehicle sooner.

Fingo Finance