Electric vehicle rebates, discounts and incentives in Australia

Electric vehicle government rebates, subsidies and discounts available to Australian car buyers

Victoria government incentives for EVs

Victorian residents and businesses purchasing an EV will be eligible for:

• $100 discount on registration fees annually
  

• Exemption from the 'luxury vehicle' rate of stamp duty, paying only a flat rate of $8.40 per $200 of market value.

The Tesla Model Y is one of Australia's most popular EVs. Image: Supplied

New South Wales government incentives for EVs

New South Wales residents purchasing an EV will be eligible for:

• $3,000 rebate for the first 25,000 BEVs sold that are priced under $68,750 (RRP plus delivery charge and optional extras)

• Waived stamp duty on EVs and FCEVs priced under $78,000 from 1 September 2021

• Registration fee discounts.

EV drivers are also allowed to use the T2 and T3 transit lanes across NSW.

Queensland government incentives for EVs

Queensland residents purchasing an EV will be eligible for:

• $6,000 subsidy for the first 15,000 new EVs sold that are priced up to $68,000 (excluding delivery charges but including optional extras), for households earning less than $180,000 per year. Households with a gross combined income of more than $180,000 will receive a $3,000 subsidy instead.
• Lower car registration fees for EVs compared to ICE cars.
• Lower stamp duty rates than ICE cars.

ACT government incentives for EVs

ACT residents purchasing an EV will be eligible for:

• Up to $15,000 in interest-free loans to help cover the upfront purchase cost of EVs priced up to $77,565.
• Free registration for two years on EVs, as of 24 May 2021 until 30 June 2024, or 20 per cent off registration fees on older EVs.
• Waived stamp duty on EVs purchased for the first time (limitations apply).

Polestar is a new EV brand in Australia. Image: Supplied

Northern Territory government incentives for EVs

Northern Territory residents purchasing an EV will be eligible for:

• $1,500 subsidy on stamp duty for BEVs and plug-in hybrid vehicles (PHEVs) for 5 years from 1 July 2022.

• Cheaper registration for BEVs and PHEVs for five years from 1 July 2022.

• Grants for home, workplace and public EV chargers.

Tasmania government incentives for EVs

Tasmania residents purchasing an EV will be eligible for:

• Free stamp duty for two years on new and second-hand EVs as of 1 July 2021.

• Free registration for two years on EVs purchased by car rental companies and coach operators.

South Australia government incentives for EVs

South Australia residents purchasing an EV will be eligible for:

• $3,000 rebate for the first 7,000 BEVs sold that are priced up to $68,750 from 28 October 2021. The South Australian government has not specified a time limit, and says the offer may or may not include delivery charges and optional extras depending on whether they are used to calculate stamp duty.

• Free registration for three years on EVs first registered from 28 October 2021 until 30 June 2025.

• Up to $2,000 rebate for the first 7,500 households that install an EV smart charger at home.

Make sure to calculate your total EV purchase price when applying for subsidies and rebates. Image: Supplied

Western Australia government incentives for EVs

Western Australia residents purchasing an EV will be eligible for:

• $3,500 rebate for the first 10,000 EVs sold from 10 May 2022 that are priced under $70,000 (RRP plus delivery charge and optional extras but before on-road costs).

• Exemption from the 10 per cent on-demand transport levy.

Australia-wide incentives for EVs from the Federal Government

EV purchasers Australia-wide can enjoy these benefits in 2023:

• $2,500 lower purchase prices thanks to the removed 5% import tariff for EVs priced under the Luxury Car Tax limit.
• Higher Luxury Car Tax (LCT) threshold for low-emission vehicles: $84,916 as compared to the standard vehicle LCT standing rate of $71,849.
• Removed Fringe Benefits Tax (FBT), which saves $4,700 annually for individuals with a salary sacrifice agreement for a $50,000 EV.
• $62.6 million funding package for small businesses to decarbonise, which can include fleet electrification.

Newer EVs enable fast charging at certain public charging stations. Image: Shannon Morris

Buying, charging and owning an electric vehicle in Australia

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